Alps Advisors Inc. decreased its position in CoreSite Realty Co. (NYSE:COR) by 26.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,424 shares of the real estate investment trust’s stock after selling 1,569 shares during the quarter. Alps Advisors Inc.’s holdings in CoreSite Realty were worth $526,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COR. State of Michigan Retirement System boosted its stake in shares of CoreSite Realty by 40.1% during the second quarter. State of Michigan Retirement System now owns 14,709 shares of the real estate investment trust’s stock valued at $1,781,000 after purchasing an additional 4,209 shares during the period. Fifth Third Bancorp boosted its position in CoreSite Realty by 2.6% in the second quarter. Fifth Third Bancorp now owns 3,848 shares of the real estate investment trust’s stock worth $466,000 after purchasing an additional 99 shares during the last quarter. IFP Advisors Inc boosted its position in CoreSite Realty by 16.6% in the second quarter. IFP Advisors Inc now owns 2,019 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 288 shares during the last quarter. Natixis Advisors L.P. lifted its position in shares of CoreSite Realty by 17.2% during the 2nd quarter. Natixis Advisors L.P. now owns 43,611 shares of the real estate investment trust’s stock valued at $5,280,000 after buying an additional 6,393 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new position in shares of CoreSite Realty during the 2nd quarter valued at about $400,000. Hedge funds and other institutional investors own 86.97% of the company’s stock.

Shares of NYSE:COR opened at $127.54 on Friday. The business’s 50-day moving average is $124.82 and its 200 day moving average is $122.41. CoreSite Realty Co. has a 1 year low of $90.07 and a 1 year high of $131.36. The firm has a market capitalization of $5.45 billion, a P/E ratio of 63.45, a P/E/G ratio of 1.15 and a beta of 0.23. The company has a debt-to-equity ratio of 16.41, a current ratio of 0.22 and a quick ratio of 0.22.

CoreSite Realty (NYSE:COR) last announced its earnings results on Thursday, October 29th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by ($0.79). CoreSite Realty had a net margin of 13.19% and a return on equity of 51.47%. The business had revenue of $154.00 million for the quarter, compared to analyst estimates of $152.67 million. During the same period in the prior year, the company earned $1.28 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, analysts expect that CoreSite Realty Co. will post 5.28 EPS for the current year.

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

In other news, CFO Jeffrey S. Finnin sold 4,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $120.35, for a total value of $481,400.00. Following the transaction, the chief financial officer now directly owns 72,322 shares of the company’s stock, valued at $8,703,952.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Maile Kaiser sold 2,366 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $119.83, for a total value of $283,517.78. Following the completion of the transaction, the senior vice president now directly owns 15,071 shares in the company, valued at $1,805,957.93. The disclosure for this sale can be found here. Insiders have sold a total of 8,116 shares of company stock worth $983,565 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

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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