Texas Permanent School Fund lifted its holdings in shares of CoreSite Realty Corp (NYSE:COR) by 3.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 24,925 shares of the real estate investment trust’s stock after purchasing an additional 910 shares during the period. Texas Permanent School Fund’s holdings in CoreSite Realty were worth $2,667,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in COR. Bremer Trust National Association acquired a new position in shares of CoreSite Realty during the fourth quarter valued at $54,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of CoreSite Realty by 42.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 672 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 200 shares during the period. Private Capital Group LLC lifted its stake in shares of CoreSite Realty by 28.1% during the first quarter. Private Capital Group LLC now owns 702 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 154 shares during the period. NumerixS Investment Technologies Inc acquired a new position in shares of CoreSite Realty during the fourth quarter valued at $137,000. Finally, Sit Investment Associates Inc. lifted its stake in shares of CoreSite Realty by 148.4% during the fourth quarter. Sit Investment Associates Inc. now owns 1,925 shares of the real estate investment trust’s stock valued at $168,000 after acquiring an additional 1,150 shares during the period. Institutional investors own 95.17% of the company’s stock.
In other CoreSite Realty news, SVP Brian Warren sold 2,000 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $113.08, for a total value of $226,160.00. Following the completion of the sale, the senior vice president now directly owns 25,306 shares in the company, valued at $2,861,602.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Mark R. Jones sold 600 shares of the stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $105.42, for a total value of $63,252.00. Following the completion of the sale, the chief accounting officer now owns 15,021 shares of the company’s stock, valued at $1,583,513.82. The disclosure for this sale can be found here. Insiders sold 38,087 shares of company stock worth $3,907,077 in the last three months. Insiders own 1.20% of the company’s stock.
Several equities analysts have recently issued reports on the company. ValuEngine raised CoreSite Realty from a “hold” rating to a “buy” rating in a research note on Friday. Stifel Nicolaus set a $105.00 price target on CoreSite Realty and gave the company a “hold” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. lowered CoreSite Realty from a “neutral” rating to an “underweight” rating and set a $95.00 price target on the stock. in a research note on Monday, February 11th. Cowen reaffirmed a “hold” rating and set a $106.00 price target on shares of CoreSite Realty in a research note on Sunday, February 10th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $100.00 price target on shares of CoreSite Realty in a research note on Friday, February 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $109.91.
NYSE:COR traded down $0.09 during mid-day trading on Friday, hitting $116.43. The company had a trading volume of 15,706 shares, compared to its average volume of 258,286. CoreSite Realty Corp has a fifty-two week low of $82.64 and a fifty-two week high of $117.82. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 3.95. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.70 and a beta of 0.73.
CoreSite Realty (NYSE:COR) last released its earnings results on Wednesday, April 24th. The real estate investment trust reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.04). CoreSite Realty had a net margin of 13.96% and a return on equity of 22.25%. The company had revenue of $138.90 million during the quarter, compared to analyst estimates of $140.06 million. During the same period in the previous year, the company posted $1.27 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Sell-side analysts predict that CoreSite Realty Corp will post 5.24 earnings per share for the current year.
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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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