CoreSite Realty Corporation (COR) Holdings Lifted by Eagle Asset Management Inc.

Eagle Asset Management Inc. raised its holdings in shares of CoreSite Realty Corporation (NYSE:COR) by 4.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,444 shares of the real estate investment trust’s stock after purchasing an additional 2,771 shares during the period. Eagle Asset Management Inc. owned 0.19% of CoreSite Realty worth $7,428,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its position in CoreSite Realty by 53.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,108 shares of the real estate investment trust’s stock valued at $1,357,000 after purchasing an additional 4,593 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in CoreSite Realty by 111.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 49,987 shares of the real estate investment trust’s stock valued at $5,175,000 after purchasing an additional 26,307 shares during the last quarter. US Bancorp DE raised its position in CoreSite Realty by 6.7% during the 2nd quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 75 shares during the last quarter. Ranger Global Real Estate Advisors LLC bought a new position in CoreSite Realty during the 3rd quarter valued at approximately $8,529,000. Finally, Nationwide Fund Advisors raised its position in CoreSite Realty by 3.4% during the 2nd quarter. Nationwide Fund Advisors now owns 51,343 shares of the real estate investment trust’s stock valued at $5,316,000 after purchasing an additional 1,704 shares during the last quarter. 98.91% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Jeffrey S. Finnin sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $109.39, for a total transaction of $875,120.00. Following the completion of the transaction, the chief financial officer now owns 98,562 shares of the company’s stock, valued at approximately $10,781,697.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Derek Mccandless sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $109.37, for a total value of $546,850.00. Following the transaction, the senior vice president now directly owns 36,613 shares of the company’s stock, valued at approximately $4,004,363.81. The disclosure for this sale can be found here. Insiders sold a total of 16,805 shares of company stock valued at $1,868,981 in the last three months. Corporate insiders own 1.50% of the company’s stock.

CoreSite Realty Corporation (NYSE COR) opened at $115.15 on Monday. CoreSite Realty Corporation has a 52-week low of $67.83 and a 52-week high of $120.85. The stock has a market capitalization of $3,942.91, a P/E ratio of 26.23, a PEG ratio of 1.51 and a beta of 0.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.29 and a quick ratio of 0.29.

CoreSite Realty (NYSE:COR) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.64). CoreSite Realty had a return on equity of 15.35% and a net margin of 15.21%. The firm had revenue of $123.07 million during the quarter, compared to the consensus estimate of $121.27 million. During the same period in the prior year, the company posted $0.90 EPS. The firm’s revenue was up 21.5% on a year-over-year basis. research analysts expect that CoreSite Realty Corporation will post 4.48 earnings per share for the current fiscal year.

A number of research analysts have commented on COR shares. Citigroup upped their price target on CoreSite Realty from $109.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, October 27th. BidaskClub raised CoreSite Realty from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 25th. Credit Suisse Group set a $111.00 price target on CoreSite Realty and gave the company a “hold” rating in a research report on Friday, October 27th. KeyCorp reaffirmed a “hold” rating on shares of CoreSite Realty in a research report on Tuesday, September 12th. Finally, Zacks Investment Research lowered CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $108.45.

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About CoreSite Realty

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

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