Wade G W & Inc. bought a new position in shares of CoreSite Realty Corporation (NYSE:COR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,847 shares of the real estate investment trust’s stock, valued at approximately $430,000.
Several other large investors also recently modified their holdings of the company. US Bancorp DE boosted its stake in CoreSite Realty by 6.7% in the second quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 75 shares in the last quarter. LS Investment Advisors LLC lifted its stake in shares of CoreSite Realty by 4.6% during the second quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 56 shares during the period. IFP Advisors Inc lifted its position in CoreSite Realty by 14.6% during the second quarter. IFP Advisors Inc now owns 1,362 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 174 shares during the period. Schroder Investment Management Group acquired a new position in CoreSite Realty during the second quarter valued at $188,000. Finally, Park Avenue Securities LLC acquired a new position in CoreSite Realty during the third quarter valued at $207,000. 98.91% of the stock is currently owned by institutional investors and hedge funds.
CoreSite Realty Corporation (COR) opened at $111.35 on Wednesday. CoreSite Realty Corporation has a fifty-two week low of $70.13 and a fifty-two week high of $120.85. The company has a market cap of $3,738.49, a P/E ratio of 24.87, a PEG ratio of 1.43 and a beta of 0.44. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.80.
CoreSite Realty (NYSE:COR) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.64). The business had revenue of $123.07 million for the quarter, compared to analysts’ expectations of $121.27 million. CoreSite Realty had a return on equity of 15.35% and a net margin of 15.21%. CoreSite Realty’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 earnings per share. research analysts anticipate that CoreSite Realty Corporation will post 4.48 earnings per share for the current year.
A number of research analysts recently issued reports on the stock. ValuEngine downgraded shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. SunTrust Banks reaffirmed a “buy” rating and issued a $121.00 price objective on shares of CoreSite Realty in a report on Friday, November 17th. Zacks Investment Research cut shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Credit Suisse Group set a $111.00 target price on shares of CoreSite Realty and gave the stock a “hold” rating in a research note on Friday, October 27th. Finally, Citigroup boosted their target price on shares of CoreSite Realty from $109.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $108.45.
In other news, SVP Derek Mccandless sold 5,000 shares of the firm’s 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 completion of the sale, the senior vice president now owns 36,613 shares in the company, valued at approximately $4,004,363.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Paul E. Szurek sold 3,805 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $117.48, for a total transaction of $447,011.40. Following the completion of the transaction, the chief executive officer now owns 93,405 shares of the company’s stock, valued at approximately $10,973,219.40. The disclosure for this sale can be found here. Insiders sold a total of 16,805 shares of company stock worth $1,868,981 over the last ninety days. Insiders own 1.50% of the company’s stock.
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About CoreSite Realty
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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