Boston Advisors LLC cut its stake in shares of CoreSite Realty Corp (NYSE:COR) by 35.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,860 shares of the real estate investment trust’s stock after selling 3,800 shares during the quarter. Boston Advisors LLC’s holdings in CoreSite Realty were worth $836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in the business. WINTON GROUP Ltd acquired a new stake in shares of CoreSite Realty in the second quarter valued at approximately $4,537,000. Retirement Systems of Alabama increased its holdings in shares of CoreSite Realty by 0.4% in the second quarter. Retirement Systems of Alabama now owns 47,993 shares of the real estate investment trust’s stock valued at $5,527,000 after purchasing an additional 206 shares in the last quarter. Zions Bancorporation N.A. increased its holdings in shares of CoreSite Realty by 5.7% in the second quarter. Zions Bancorporation N.A. now owns 1,686 shares of the real estate investment trust’s stock valued at $194,000 after purchasing an additional 91 shares in the last quarter. Naples Global Advisors LLC acquired a new stake in shares of CoreSite Realty in the second quarter valued at approximately $403,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of CoreSite Realty by 12.3% in the second quarter. Nisa Investment Advisors LLC now owns 14,824 shares of the real estate investment trust’s stock valued at $1,707,000 after purchasing an additional 1,629 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.
A number of brokerages recently weighed in on COR. Guggenheim set a $119.00 price target on shares of CoreSite Realty and gave the company a “hold” rating in a report on Thursday, September 12th. ValuEngine lowered shares of CoreSite Realty from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Stifel Nicolaus set a $110.00 target price on shares of CoreSite Realty and gave the stock a “hold” rating in a report on Friday, July 26th. Credit Suisse Group lowered their target price on shares of CoreSite Realty from $103.00 to $100.00 and set a “neutral” rating for the company in a report on Monday. Finally, Raymond James lifted their target price on shares of CoreSite Realty from $110.00 to $128.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. CoreSite Realty has a consensus rating of “Hold” and a consensus price target of $111.90.
In other news, CAO Mark R. Jones sold 750 shares of CoreSite Realty stock in a transaction on Monday, November 4th. The shares were sold at an average price of $120.30, for a total transaction of $90,225.00. Following the transaction, the chief accounting officer now directly owns 13,882 shares of the company’s stock, valued at $1,670,004.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Brian Warren sold 10,931 shares of CoreSite Realty stock in a transaction on Monday, November 4th. The stock was sold at an average price of $118.59, for a total transaction of $1,296,307.29. Following the transaction, the senior vice president now directly owns 26,945 shares in the company, valued at $3,195,407.55. The disclosure for this sale can be found here. Insiders have sold a total of 15,435 shares of company stock valued at $1,801,677 in the last ninety days. Company insiders own 1.20% of the company’s stock.
COR opened at $113.66 on Friday. The company has a fifty day moving average price of $118.85 and a two-hundred day moving average price of $115.66. The company has a debt-to-equity ratio of 5.67, a quick ratio of 0.16 and a current ratio of 0.16. CoreSite Realty Corp has a 52 week low of $82.64 and a 52 week high of $123.68. The firm has a market capitalization of $4.25 billion, a PE ratio of 22.30, a P/E/G ratio of 1.69 and a beta of 0.45.
CoreSite Realty (NYSE:COR) last released its earnings results on Thursday, October 31st. The real estate investment trust reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.78). CoreSite Realty had a return on equity of 26.30% and a net margin of 13.48%. The business had revenue of $144.90 million for the quarter, compared to analyst estimates of $145.19 million. During the same period in the prior year, the firm posted $1.25 EPS. CoreSite Realty’s revenue was up 4.1% on a year-over-year basis. Equities analysts forecast that CoreSite Realty Corp will post 5.11 EPS for the current year.
About CoreSite Realty
CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,350 of the world's leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads.
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