Forsta AP Fonden cut its position in shares of CoreSite Realty Corp (NYSE:COR) by 46.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,100 shares of the real estate investment trust’s stock after selling 7,000 shares during the period. Forsta AP Fonden’s holdings in CoreSite Realty were worth $923,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COR. Zions Bancorporation acquired a new stake in CoreSite Realty in the 3rd quarter valued at $170,000. Park Avenue Securities LLC acquired a new stake in CoreSite Realty in the 3rd quarter valued at $207,000. Jaffetilchin Investment Partners LLC acquired a new stake in CoreSite Realty in the 4th quarter valued at $208,000. FDx Advisors Inc. acquired a new stake in CoreSite Realty in the 3rd quarter valued at $209,000. Finally, Oakbrook Investments LLC acquired a new stake in CoreSite Realty in the 3rd quarter valued at $210,000. Institutional investors and hedge funds own 98.31% of the company’s stock.
Several brokerages recently commented on COR. ValuEngine raised CoreSite Realty from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Credit Suisse Group decreased their price target on CoreSite Realty from $111.00 to $107.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. TheStreet lowered CoreSite Realty from a “b-” rating to a “c+” rating in a research note on Friday, February 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $113.00 price target on shares of CoreSite Realty in a research note on Monday, February 12th. Finally, SunTrust Banks reissued a “buy” rating and issued a $121.00 price objective on shares of CoreSite Realty in a research note on Friday, November 17th. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $113.00.
In other news, SVP Steven James Smith sold 2,261 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $106.72, for a total transaction of $241,293.92. Following the completion of the sale, the senior vice president now owns 42,915 shares in the company, valued at $4,579,888.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have bought 193,000 shares of company stock valued at $68,330 and have sold 12,533 shares valued at $1,379,689. Insiders own 1.50% of the company’s stock.
CoreSite Realty Corp (NYSE COR) opened at $96.26 on Monday. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $3,296.25, a price-to-earnings ratio of 52.32, a price-to-earnings-growth ratio of 1.13 and a beta of 0.33. CoreSite Realty Corp has a one year low of $85.57 and a one year high of $120.85.
CoreSite Realty (NYSE:COR) last posted its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $125.95 million for the quarter, compared to analyst estimates of $125.71 million. CoreSite Realty had a return on equity of 16.77% and a net margin of 15.54%. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.06 earnings per share. sell-side analysts expect that CoreSite Realty Corp will post 5 EPS for the current year.
CoreSite Realty Company Profile
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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