AGF Investments Inc. purchased a new position in shares of CoreSite Realty Corp (NYSE:COR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,141 shares of the real estate investment trust’s stock, valued at approximately $938,000.
Several other hedge funds have also modified their holdings of COR. Two Sigma Investments LP bought a new position in CoreSite Realty in the 4th quarter worth $201,000. Jane Street Group LLC raised its holdings in CoreSite Realty by 30.6% in the 4th quarter. Jane Street Group LLC now owns 2,494 shares of the real estate investment trust’s stock worth $218,000 after purchasing an additional 585 shares in the last quarter. Norges Bank bought a new position in CoreSite Realty in the 4th quarter worth $35,131,000. Geode Capital Management LLC raised its holdings in CoreSite Realty by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 345,559 shares of the real estate investment trust’s stock worth $30,143,000 after purchasing an additional 24,276 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in CoreSite Realty by 49.1% in the 4th quarter. American Century Companies Inc. now owns 3,060 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 1,007 shares in the last quarter. Institutional investors and hedge funds own 92.57% of the company’s stock.
In related news, CAO Mark R. Jones sold 750 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $107.79, for a total transaction of $80,842.50. Following the sale, the chief accounting officer now directly owns 14,632 shares of the company’s stock, valued at approximately $1,577,183.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brian Warren sold 2,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $108.56, for a total transaction of $217,120.00. Following the sale, the senior vice president now directly owns 24,406 shares in the company, valued at $2,649,515.36. The disclosure for this sale can be found here. Insiders have sold a total of 809,795 shares of company stock worth $89,718,300 over the last three months. 1.20% of the stock is currently owned by insiders.
COR has been the subject of several research reports. BMO Capital Markets restated a “hold” rating and issued a $112.00 price objective on shares of CoreSite Realty in a report on Thursday, July 25th. ValuEngine lowered shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Credit Suisse Group decreased their price target on shares of CoreSite Realty from $111.00 to $103.00 and set a “neutral” rating for the company in a research note on Friday, July 26th. Raymond James decreased their price target on shares of CoreSite Realty from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. Finally, Zacks Investment Research lowered shares of CoreSite Realty from a “hold” rating to a “sell” rating in a research note on Monday, August 19th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $112.20.
COR stock traded up $0.57 during trading on Wednesday, hitting $118.17. 254,245 shares of the stock traded hands, compared to its average volume of 290,425. CoreSite Realty Corp has a 1 year low of $82.64 and a 1 year high of $121.64. The firm’s 50 day moving average is $111.76 and its two-hundred day moving average is $111.41. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 1.75 and a beta of 0.50. The company has a debt-to-equity ratio of 4.74, a current ratio of 0.18 and a quick ratio of 0.18.
CoreSite Realty (NYSE:COR) last announced its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.75). CoreSite Realty had a net margin of 13.82% and a return on equity of 24.19%. The firm had revenue of $142.91 million for the quarter, compared to analysts’ expectations of $142.85 million. During the same period last year, the company posted $1.28 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts anticipate that CoreSite Realty Corp will post 5.09 EPS for the current fiscal year.
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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