CoreSite Realty Co. (NYSE:COR) Shares Sold by BlackRock Inc.

BlackRock Inc. lowered its position in CoreSite Realty Co. (NYSE:COR) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,895,638 shares of the real estate investment trust’s stock after selling 199,083 shares during the period. BlackRock Inc. owned approximately 9.11% of CoreSite Realty worth $463,115,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. NEXT Financial Group Inc acquired a new position in CoreSite Realty during the third quarter worth $31,000. Bamco Inc. NY increased its position in shares of CoreSite Realty by 30.0% in the second quarter. Bamco Inc. NY now owns 520 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 120 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of CoreSite Realty during the 2nd quarter worth $66,000. First Mercantile Trust Co. purchased a new stake in shares of CoreSite Realty in the 2nd quarter worth about $119,000. Finally, Private Advisor Group LLC acquired a new stake in CoreSite Realty in the 2nd quarter valued at about $119,000. 86.97% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on COR shares. Credit Suisse Group lifted their target price on shares of CoreSite Realty from $141.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. Royal Bank of Canada upped their target price on CoreSite Realty from $126.00 to $133.00 and gave the company a “sector perform” rating in a research note on Monday, August 17th. Raymond James upgraded CoreSite Realty from a “market perform” rating to an “outperform” rating and set a $136.00 target price on the stock in a report on Thursday, August 6th. William Blair reissued an “outperform” rating on shares of CoreSite Realty in a report on Thursday, July 30th. Finally, Zacks Investment Research lowered CoreSite Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, November 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $122.67.

In other CoreSite Realty news, CAO Mark R. Jones sold 750 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $122.25, for a total transaction of $91,687.50. Following the completion of the sale, the chief accounting officer now directly owns 12,621 shares in the company, valued at $1,542,917.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brian Warren sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $126.96, for a total value of $126,960.00. Following the completion of the transaction, the senior vice president now owns 23,384 shares in the company, valued at $2,968,832.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,116 shares of company stock valued at $983,565. 1.50% of the stock is owned by insiders.

COR stock opened at $127.54 on Friday. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 63.45, a price-to-earnings-growth ratio of 1.15 and a beta of 0.23. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 16.41. CoreSite Realty Co. has a 52-week low of $90.07 and a 52-week high of $131.36. The stock’s fifty day simple moving average is $124.82 and its 200-day simple moving average is $122.41.

CoreSite Realty (NYSE:COR) last released its earnings results on Thursday, October 29th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by ($0.79). CoreSite Realty had a return on equity of 51.47% and a net margin of 13.19%. The business had revenue of $154.00 million for the quarter, compared to analysts’ expectations of $152.67 million. During the same quarter last year, the company posted $1.28 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, analysts anticipate that CoreSite Realty Co. will post 5.28 earnings per share for the current fiscal year.

CoreSite Realty Profile

CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center, cloud 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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