NJ State Employees Deferred Compensation Plan Sells 20,000 Shares of CoreSite Realty Corporation (COR)

NJ State Employees Deferred Compensation Plan lowered its stake in CoreSite Realty Corporation (NYSE:COR) by 80.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the real estate investment trust’s stock after selling 20,000 shares during the period. NJ State Employees Deferred Compensation Plan’s holdings in CoreSite Realty Corporation were worth $518,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in CoreSite Realty Corporation by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,510,182 shares of the real estate investment trust’s stock valued at $496,191,000 after buying an additional 198,067 shares in the last quarter. BlackRock Inc. raised its stake in CoreSite Realty Corporation by 143,427.7% in the first quarter. BlackRock Inc. now owns 4,401,994 shares of the real estate investment trust’s stock valued at $396,400,000 after buying an additional 4,398,927 shares in the last quarter. Wells Fargo & Company MN raised its stake in CoreSite Realty Corporation by 7.5% in the first quarter. Wells Fargo & Company MN now owns 1,586,774 shares of the real estate investment trust’s stock valued at $142,888,000 after buying an additional 111,103 shares in the last quarter. JPMorgan Chase & Co. raised its stake in CoreSite Realty Corporation by 34.7% in the first quarter. JPMorgan Chase & Co. now owns 829,490 shares of the real estate investment trust’s stock valued at $74,695,000 after buying an additional 213,872 shares in the last quarter. Finally, State Street Corp raised its position in shares of CoreSite Realty Corporation by 8.3% in the first quarter. State Street Corp now owns 826,392 shares of the real estate investment trust’s stock worth $74,416,000 after buying an additional 63,493 shares during the period.

CoreSite Realty Corporation (NYSE COR) traded up 0.21% on Friday, hitting $110.11. The stock had a trading volume of 338,094 shares. CoreSite Realty Corporation has a 52-week low of $64.81 and a 52-week high of $113.55. The stock’s 50-day moving average is $106.10 and its 200-day moving average is $97.82. The company has a market cap of $3.77 billion, a P/E ratio of 63.35 and a beta of 0.57.

CoreSite Realty Corporation (NYSE:COR) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.10 EPS for the quarter, beating the consensus estimate of $1.08 by $0.02. The business had revenue of $117.89 million for the quarter, compared to the consensus estimate of $117.32 million. CoreSite Realty Corporation had a net margin of 15.15% and a return on equity of 14.14%. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. Analysts expect that CoreSite Realty Corporation will post $1.83 earnings per share for the current year.

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A number of equities analysts have recently weighed in on COR shares. Zacks Investment Research upgraded CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research note on Wednesday, June 28th. BidaskClub upgraded CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research note on Thursday. Macquarie reissued a “hold” rating and set a $84.00 price target on shares of CoreSite Realty Corporation in a research report on Tuesday, July 4th. Royal Bank Of Canada reissued a “buy” rating on shares of CoreSite Realty Corporation in a research report on Tuesday, July 18th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $117.00 target price on shares of CoreSite Realty Corporation in a report on Wednesday, June 14th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $98.00.

In other news, SVP Derek Mccandless sold 10,000 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $105.48, for a total value of $1,054,800.00. Following the sale, the senior vice president now directly owns 49,713 shares of the company’s stock, valued at approximately $5,243,727.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total transaction of $885,920.00. Following the completion of the sale, the chief financial officer now directly owns 110,493 shares in the company, valued at $12,235,994.82. The disclosure for this sale can be found here. Insiders sold a total of 28,000 shares of company stock worth $3,048,120 over the last ninety days. Insiders own 3.10% of the company’s stock.

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.

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

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