Canada Pension Plan Investment Board Acquires Shares of 93,800 CoreSite Realty Corporation (COR)

Canada Pension Plan Investment Board acquired a new stake in CoreSite Realty Corporation (NYSE:COR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 93,800 shares of the real estate investment trust’s stock, valued at approximately $10,496,000. Canada Pension Plan Investment Board owned 0.27% of CoreSite Realty Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of COR. Penserra Capital Management LLC purchased a new position in shares of CoreSite Realty Corporation in the second quarter valued at approximately $103,000. US Bancorp DE lifted its stake in CoreSite Realty Corporation by 6.7% in the second quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 75 shares during the last quarter. LS Investment Advisors LLC lifted its stake in CoreSite Realty Corporation by 4.6% in the second quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 56 shares during the last quarter. IFP Advisors Inc lifted its stake in CoreSite Realty Corporation by 14.6% in the second quarter. IFP Advisors Inc now owns 1,362 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 174 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in CoreSite Realty Corporation by 115.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,461 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 783 shares during the last quarter. 99.66% of the stock is owned by institutional investors and hedge funds.

Shares of CoreSite Realty Corporation (NYSE COR) opened at $115.98 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. CoreSite Realty Corporation has a 1-year low of $64.81 and a 1-year high of $120.85. The firm has a market cap of $3,985.37, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 1.57 and a beta of 0.43.

CoreSite Realty Corporation (NYSE:COR) last released its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.64). CoreSite Realty Corporation had a return on equity of 15.35% and a net margin of 15.21%. The company had revenue of $123.07 million for the quarter, compared to analyst estimates of $121.27 million. During the same period in the previous year, the business posted $0.90 EPS. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. sell-side analysts expect that CoreSite Realty Corporation will post 4.48 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $3.60 dividend on an annualized basis and a yield of 3.10%. CoreSite Realty Corporation’s payout ratio is currently 195.65%.

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A number of research analysts recently issued reports on the stock. ValuEngine upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research note on Thursday. BidaskClub upgraded shares of CoreSite Realty Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 25th. KeyCorp reiterated a “hold” rating on shares of CoreSite Realty Corporation in a research note on Tuesday, September 12th. Cowen and Company reiterated a “buy” rating and issued a $111.00 price target on shares of CoreSite Realty Corporation in a research note on Thursday, October 19th. Finally, Zacks Investment Research downgraded shares of CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. CoreSite Realty Corporation currently has an average rating of “Buy” and an average price target of $107.20.

In other news, SVP Derek Mccandless sold 5,000 shares of CoreSite Realty Corporation stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $109.37, for a total value of $546,850.00. Following the transaction, the senior vice president now directly owns 36,613 shares of the company’s stock, valued at approximately $4,004,363.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey S. Finnin sold 8,000 shares of CoreSite Realty Corporation stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $109.39, for a total transaction of $875,120.00. Following the completion of the transaction, the chief financial officer now directly owns 98,562 shares in the company, valued at $10,781,697.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,805 shares of company stock worth $1,868,981. 1.50% of the stock is owned by corporate insiders.

About CoreSite Realty Corporation

CoreSite Realty Corporation (CoreSite) is an integrated, self-administered and self-managed real estate investment trust. The Company, through its controlling interest in CoreSite, L.P., is engaged in the business of ownership, acquisition, construction and operation of data centers across a range of markets in the United States, including the Northern Virginia, New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver.

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Institutional Ownership by Quarter for CoreSite Realty Corporation (NYSE:COR)

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