CoreSite Realty Corp (COR) Stake Decreased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in CoreSite Realty Corp (NYSE:COR) by 19.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,457 shares of the real estate investment trust’s stock after selling 1,843 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CoreSite Realty were worth $829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Piedmont Investment Advisors Inc. purchased a new position in CoreSite Realty during the 3rd quarter worth $293,000. Brasada Capital Management LP boosted its position in CoreSite Realty by 6.8% during the 3rd quarter. Brasada Capital Management LP now owns 60,646 shares of the real estate investment trust’s stock valued at $6,741,000 after acquiring an additional 3,869 shares in the last quarter. Highstreet Asset Management Inc. boosted its position in CoreSite Realty by 75.3% during the 3rd quarter. Highstreet Asset Management Inc. now owns 9,887 shares of the real estate investment trust’s stock valued at $1,099,000 after acquiring an additional 4,248 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in CoreSite Realty by 8.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 22,510 shares of the real estate investment trust’s stock valued at $2,502,000 after acquiring an additional 1,820 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in CoreSite Realty by 8.4% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 38,537 shares of the real estate investment trust’s stock valued at $4,283,000 after acquiring an additional 2,991 shares in the last quarter. Hedge funds and other institutional investors own 92.74% of the company’s stock.

CoreSite Realty stock opened at $97.46 on Monday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 2.95. The firm has a market capitalization of $3.58 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.24 and a beta of 0.55. CoreSite Realty Corp has a 1-year low of $88.37 and a 1-year high of $118.90.

CoreSite Realty (NYSE:COR) last posted its quarterly earnings data on Thursday, October 25th. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.72). The business had revenue of $139.18 million during the quarter, compared to analyst estimates of $138.10 million. CoreSite Realty had a return on equity of 20.18% and a net margin of 14.91%. As a group, equities research analysts expect that CoreSite Realty Corp will post 5.05 EPS for the current fiscal year.

Several analysts have issued reports on the company. TheStreet cut CoreSite Realty from a “b-” rating to a “c” rating in a research report on Thursday, October 25th. BMO Capital Markets dropped their target price on CoreSite Realty from $111.00 to $107.00 and set a “market perform” rating on the stock in a research report on Friday, October 26th. Royal Bank of Canada increased their target price on CoreSite Realty to $123.00 and gave the company an “average” rating in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Credit Suisse Group set a $112.00 target price on CoreSite Realty and gave the company a “hold” rating in a research report on Sunday, August 5th. Finally, Citigroup set a $104.00 target price on CoreSite Realty and gave the company a “hold” rating in a research report on Monday, November 5th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. CoreSite Realty has an average rating of “Buy” and an average price target of $119.15.

In other news, SVP Brian Warren sold 1,000 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $96.35, for a total value of $96,350.00. Following the completion of the sale, the senior vice president now owns 25,803 shares of the company’s stock, valued at approximately $2,486,119.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Paul E. Szurek sold 3,588 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $114.15, for a total value of $409,570.20. Following the completion of the sale, the chief executive officer now directly owns 147,075 shares of the company’s stock, valued at approximately $16,788,611.25. The disclosure for this sale can be found here. Insiders sold a total of 5,350 shares of company stock valued at $580,721 in the last three months. Insiders own 1.50% of the company’s stock.

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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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Institutional Ownership by Quarter for CoreSite Realty (NYSE:COR)

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