Landscape Capital Management L.L.C. Sells 1,079 Shares of CoreSite Realty Corp (NYSE:COR)

Landscape Capital Management L.L.C. reduced its position in shares of CoreSite Realty Corp (NYSE:COR) by 5.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 17,134 shares of the real estate investment trust’s stock after selling 1,079 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in CoreSite Realty were worth $1,973,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Zions Bancorporation N.A. raised its holdings in CoreSite Realty by 5.7% during the 2nd quarter. Zions Bancorporation N.A. now owns 1,686 shares of the real estate investment trust’s stock valued at $194,000 after buying an additional 91 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in CoreSite Realty by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 9,800 shares of the real estate investment trust’s stock valued at $1,049,000 after buying an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in CoreSite Realty by 1.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,790 shares of the real estate investment trust’s stock valued at $782,000 after buying an additional 100 shares during the last quarter. BB&T Securities LLC raised its holdings in CoreSite Realty by 4.7% during the 2nd quarter. BB&T Securities LLC now owns 2,223 shares of the real estate investment trust’s stock valued at $256,000 after buying an additional 100 shares during the last quarter. Finally, Torch Wealth Management LLC raised its holdings in CoreSite Realty by 1.0% during the 1st quarter. Torch Wealth Management LLC now owns 13,308 shares of the real estate investment trust’s stock valued at $1,424,000 after buying an additional 138 shares during the last quarter. Institutional investors own 93.51% of the company’s stock.

A number of equities research analysts recently commented on the stock. Stifel Nicolaus set a $110.00 price target on shares of CoreSite Realty and gave the company a “hold” rating in a report on Friday, July 26th. Zacks Investment Research upgraded shares of CoreSite Realty from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Credit Suisse Group lowered their price target on shares of CoreSite Realty from $111.00 to $103.00 and set a “neutral” rating for the company in a report on Friday, July 26th. BMO Capital Markets reissued a “hold” rating and set a $112.00 price objective on shares of CoreSite Realty in a research report on Thursday, July 25th. Finally, ValuEngine downgraded shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $112.20.



Shares of NYSE:COR traded up $3.47 during midday trading on Friday, reaching $113.81. The company’s stock had a trading volume of 12,374 shares, compared to its average volume of 399,193. The firm has a 50 day moving average of $113.21 and a 200-day moving average of $110.12. The firm has a market capitalization of $4.06 billion, a P/E ratio of 22.49, a PEG ratio of 1.66 and a beta of 0.55. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 4.74. CoreSite Realty Corp has a 12-month low of $82.64 and a 12-month high of $121.64.

CoreSite Realty (NYSE:COR) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.28 by ($0.75). The business had revenue of $142.91 million during the quarter, compared to analysts’ expectations of $142.85 million. CoreSite Realty had a return on equity of 24.19% and a net margin of 13.82%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 earnings per share. On average, research analysts predict that CoreSite Realty Corp will post 5.09 EPS for the current year.

In other news, major shareholder Carlyle Group Management L.L.C sold 800,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $110.74, for a total value of $88,592,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Derek Mccandless sold 6,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $114.30, for a total transaction of $685,800.00. Following the completion of the sale, the senior vice president now directly owns 29,531 shares in the company, valued at $3,375,393.30. The disclosure for this sale can be found here. Insiders sold a total of 816,295 shares of company stock worth $90,463,675 over the last ninety days. Insiders own 1.20% of the company’s stock.

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

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