CoreSite Realty Corp (COR) Position Boosted by Eagle Asset Management Inc.

Eagle Asset Management Inc. increased its holdings in shares of CoreSite Realty Corp (NYSE:COR) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,931 shares of the real estate investment trust’s stock after buying an additional 4,487 shares during the quarter. Eagle Asset Management Inc. owned about 0.21% of CoreSite Realty worth $7,876,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Daiwa Securities Group Inc. lifted its position in CoreSite Realty by 14.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,900 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 500 shares during the period. Whittier Trust Co. lifted its position in CoreSite Realty by 1.4% during the third quarter. Whittier Trust Co. now owns 38,953 shares of the real estate investment trust’s stock worth $4,359,000 after buying an additional 551 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in CoreSite Realty by 43.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,960 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 596 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in CoreSite Realty by 7.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,407 shares of the real estate investment trust’s stock worth $1,053,000 after buying an additional 616 shares during the period. Finally, US Bancorp DE lifted its position in CoreSite Realty by 41.2% during the fourth quarter. US Bancorp DE now owns 2,257 shares of the real estate investment trust’s stock worth $257,000 after buying an additional 658 shares during the period. Hedge funds and other institutional investors own 98.31% of the company’s stock.

Shares of CoreSite Realty Corp (COR) opened at $91.31 on Thursday. The company has a market capitalization of $3,245.22, a PE ratio of 49.63, a price-to-earnings-growth ratio of 1.12 and a beta of 0.33. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.27 and a current ratio of 0.27. CoreSite Realty Corp has a 12 month low of $85.73 and a 12 month high of $120.85.

CoreSite Realty (NYSE:COR) last announced its quarterly earnings results 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. The company had revenue of $125.95 million during the quarter, compared to analyst estimates of $125.71 million. CoreSite Realty had a return on equity of 16.77% and a net margin of 15.54%. The firm’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.06 earnings per share. sell-side analysts anticipate that CoreSite Realty Corp will post 5 EPS for the current fiscal year.

In other CoreSite Realty news, SVP Steven James Smith sold 3,151 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $106.52, for a total transaction of $335,644.52. Following the completion of the sale, the senior vice president now directly owns 42,915 shares in the company, valued at $4,571,305.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have acquired 173,000 shares of company stock valued at $55,530 and have sold 12,533 shares valued at $1,379,689. Corporate insiders own 1.50% of the company’s stock.

COR has been the topic of several recent analyst reports. Citigroup increased their target price on CoreSite Realty from $109.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Credit Suisse Group set a $111.00 target price on CoreSite Realty and gave the stock a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. ValuEngine upgraded CoreSite Realty from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, SunTrust Banks reiterated a “buy” rating and set a $121.00 target price on shares of CoreSite Realty in a research report on Friday, November 17th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. CoreSite Realty presently has a consensus rating of “Buy” and a consensus target price of $113.00.

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CoreSite Realty 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.

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

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