Copeland Capital Management LLC raised its position in CoreSite Realty Corp (NYSE:COR) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,790 shares of the real estate investment trust’s stock after purchasing an additional 1,381 shares during the quarter. Copeland Capital Management LLC owned 0.21% of CoreSite Realty worth $9,479,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in COR. Russell Investments Group Ltd. grew its stake in shares of CoreSite Realty by 48.6% in the third quarter. Russell Investments Group Ltd. now owns 333,354 shares of the real estate investment trust’s stock worth $40,516,000 after acquiring an additional 108,953 shares in the last quarter. Hancock Whitney Corp grew its stake in shares of CoreSite Realty by 277.8% during the third quarter. Hancock Whitney Corp now owns 9,411 shares of the real estate investment trust’s stock worth $1,147,000 after purchasing an additional 6,920 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in CoreSite Realty by 67.8% in the second quarter. Bank of New York Mellon Corp now owns 724,196 shares of the real estate investment trust’s stock valued at $83,406,000 after acquiring an additional 292,526 shares in the last quarter. SG Americas Securities LLC boosted its stake in CoreSite Realty by 20.2% in the second quarter. SG Americas Securities LLC now owns 16,403 shares of the real estate investment trust’s stock valued at $1,889,000 after acquiring an additional 2,755 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its stake in CoreSite Realty by 13.7% in the third quarter. GW&K Investment Management LLC now owns 216,470 shares of the real estate investment trust’s stock valued at $26,377,000 after acquiring an additional 26,141 shares in the last quarter. 93.50% of the stock is currently owned by institutional investors.
In related news, CAO Mark R. Jones sold 750 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $120.30, for a total transaction of $90,225.00. Following the sale, the chief accounting officer now owns 13,882 shares in the company, valued at $1,670,004.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Paul E. Szurek sold 3,590 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $110.26, for a total transaction of $395,833.40. Following the sale, the chief executive officer now owns 174,714 shares in the company, valued at approximately $19,263,965.64. The disclosure for this sale can be found here. Insiders have sold 15,435 shares of company stock worth $1,801,677 over the last 90 days. 1.20% of the stock is currently owned by company insiders.
Several equities analysts have issued reports on the stock. ValuEngine downgraded shares of CoreSite Realty from a “hold” rating to a “sell” rating in a research note on Tuesday. Guggenheim set a $119.00 price objective on shares of CoreSite Realty and gave the company a “hold” rating in a research note on Thursday, September 12th. Zacks Investment Research cut shares of CoreSite Realty from a “hold” rating to a “sell” rating in a report on Tuesday, October 15th. Wells Fargo & Co upped their target price on shares of CoreSite Realty from $105.00 to $120.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Finally, Raymond James upped their target price on shares of CoreSite Realty from $110.00 to $128.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. CoreSite Realty has an average rating of “Hold” and an average target price of $112.20.
NYSE COR traded up $0.21 during trading hours on Wednesday, hitting $113.24. 186,600 shares of the stock were exchanged, compared to its average volume of 282,988. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 5.67. The stock has a 50-day moving average of $116.46 and a 200 day moving average of $115.77. CoreSite Realty Corp has a 12-month low of $82.64 and a 12-month high of $123.68. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 1.70 and a beta of 0.42.
CoreSite Realty (NYSE:COR) last issued its earnings results on Thursday, October 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.78). CoreSite Realty had a return on equity of 26.30% and a net margin of 13.48%. The company had revenue of $144.90 million for the quarter, compared to analyst estimates of $145.19 million. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts expect that CoreSite Realty Corp will post 5.12 earnings per share for the current year.
CoreSite Realty Profile
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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