Shelton Capital Management Takes $349,000 Position in CoreSite Realty Corporation (COR)

Shelton Capital Management bought a new position in shares of CoreSite Realty Corporation (NYSE:COR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,370 shares of the real estate investment trust’s stock, valued at approximately $349,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Arbitrage SA grew its position in shares of CoreSite Realty Corporation by 53.9% during the second quarter. BNP Paribas Arbitrage SA now owns 13,108 shares of the real estate investment trust’s stock worth $1,357,000 after acquiring an additional 4,593 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of CoreSite Realty Corporation by 111.1% during the second quarter. State Board of Administration of Florida Retirement System now owns 49,987 shares of the real estate investment trust’s stock worth $5,175,000 after acquiring an additional 26,307 shares during the last quarter. US Bancorp DE grew its position in shares of CoreSite Realty Corporation by 6.7% during 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. Jane Street Group LLC purchased a new position in shares of CoreSite Realty Corporation during the first quarter worth approximately $233,000. Finally, Eagle Asset Management Inc. grew its position in shares of CoreSite Realty Corporation by 1.6% during the second quarter. Eagle Asset Management Inc. now owns 63,673 shares of the real estate investment trust’s stock worth $6,592,000 after acquiring an additional 974 shares during the last quarter. Institutional investors and hedge funds own 98.32% of the company’s stock.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.60 dividend on an annualized basis and a yield of 3.16%. CoreSite Realty Corporation’s payout ratio is currently 206.90%.

In related news, SVP Derek Mccandless sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $110.74, for a total transaction of $1,107,400.00. Following the completion of the transaction, the senior vice president now directly owns 48,913 shares in the company, valued at approximately $5,416,625.62. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Paul E. Szurek sold 3,805 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $117.48, for a total value of $447,011.40. Following the transaction, the chief executive officer now owns 93,405 shares of the company’s stock, valued at $10,973,219.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,805 shares of company stock valued at $2,440,331. 1.50% of the stock is owned by company insiders.

A number of equities analysts have recently issued reports on COR shares. BidaskClub upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Macquarie restated a “hold” rating and set a $84.00 target price on shares of CoreSite Realty Corporation in a research report on Tuesday, July 4th. Royal Bank Of Canada restated a “buy” rating on shares of CoreSite Realty Corporation in a research report on Tuesday, July 18th. Zacks Investment Research lowered shares of CoreSite Realty Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, J P Morgan Chase & Co started coverage on shares of CoreSite Realty Corporation in a research report on Monday, September 25th. They set a “neutral” rating and a $118.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $104.56.

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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