New Mexico Educational Retirement Board grew its stake in CoreSite Realty Corp (NYSE:COR) by 79.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,500 shares of the real estate investment trust’s stock after buying an additional 3,770 shares during the quarter. New Mexico Educational Retirement Board’s holdings in CoreSite Realty were worth $968,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC acquired a new position in shares of CoreSite Realty in the 3rd quarter valued at about $9,571,000. Copper Rock Capital Partners LLC lifted its holdings in shares of CoreSite Realty by 47.7% in the 4th quarter. Copper Rock Capital Partners LLC now owns 72,787 shares of the real estate investment trust’s stock valued at $8,315,000 after buying an additional 23,491 shares during the period. Eagle Asset Management Inc. lifted its holdings in shares of CoreSite Realty by 4.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 66,444 shares of the real estate investment trust’s stock valued at $7,428,000 after buying an additional 2,771 shares during the period. Chicago Equity Partners LLC purchased a new position in shares of CoreSite Realty in the 3rd quarter valued at about $630,000. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of CoreSite Realty by 64.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,303 shares of the real estate investment trust’s stock valued at $1,266,000 after purchasing an additional 4,428 shares in the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.
In other CoreSite Realty news, SVP Steven James Smith sold 7,121 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $112.73, for a total transaction of $802,750.33. Following the completion of the sale, the senior vice president now directly owns 48,137 shares in the company, valued at approximately $5,426,484.01. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have acquired 173,000 shares of company stock valued at $55,530 and have sold 12,533 shares valued at $1,379,689. 1.50% of the stock is currently owned by insiders.
Shares of CoreSite Realty Corp (NYSE COR) opened at $95.83 on Friday. CoreSite Realty Corp has a 52 week low of $85.73 and a 52 week high of $120.85. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $3,144.21, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 1.08 and a beta of 0.33.
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 the Thomson Reuters’ consensus estimate of $1.14 by $0.04. CoreSite Realty had a return on equity of 16.77% and a net margin of 15.54%. The company had revenue of $125.95 million during the quarter, compared to analyst estimates of $125.71 million. During the same period in the previous year, the business earned $1.06 EPS. CoreSite Realty’s quarterly revenue was up 14.0% on a year-over-year basis. equities analysts anticipate that CoreSite Realty Corp will post 5 earnings per share for the current year.
Several equities analysts recently weighed in on the company. TheStreet lowered CoreSite Realty from a “b-” rating to a “c+” rating in a research note on Friday, February 9th. Royal Bank of Canada restated an “outperform” rating and issued a $113.00 price target on shares of CoreSite Realty in a research note on Monday, February 12th. Credit Suisse Group restated a “hold” rating on shares of CoreSite Realty in a research note on Sunday, February 11th. Robert W. Baird cut their price target on CoreSite Realty from $129.00 to $126.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. Finally, Citigroup cut their price target on CoreSite Realty from $115.00 to $105.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CoreSite Realty presently has an average rating of “Buy” and an average target price of $113.00.
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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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