New York State Common Retirement Fund cut its position in shares of CoreSite Realty Co. (NYSE:COR) by 6.7% during the 3rd quarter, Holdings Channel reports. The firm owned 88,265 shares of the real estate investment trust’s stock after selling 6,300 shares during the period. New York State Common Retirement Fund’s holdings in CoreSite Realty were worth $10,493,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of COR. Pitcairn Co. boosted its stake in CoreSite Realty by 4.9% during the third quarter. Pitcairn Co. now owns 1,831 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 86 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of CoreSite Realty by 2.6% during the 2nd quarter. Fifth Third Bancorp now owns 3,848 shares of the real estate investment trust’s stock valued at $466,000 after purchasing an additional 99 shares in the last quarter. Securian Asset Management Inc boosted its position in shares of CoreSite Realty by 0.7% during the 3rd quarter. Securian Asset Management Inc now owns 13,765 shares of the real estate investment trust’s stock valued at $1,636,000 after purchasing an additional 100 shares in the last quarter. Engineers Gate Manager LP grew its stake in shares of CoreSite Realty by 5.0% in the 2nd quarter. Engineers Gate Manager LP now owns 2,280 shares of the real estate investment trust’s stock worth $276,000 after purchasing an additional 108 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. raised its holdings in shares of CoreSite Realty by 1.8% in the 3rd quarter. Campbell Newman Asset Management Inc. now owns 6,590 shares of the real estate investment trust’s stock worth $783,000 after purchasing an additional 116 shares in the last quarter. 86.97% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on the stock. Credit Suisse Group lifted their price target 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 report on Monday, August 17th. Raymond James raised CoreSite Realty from a “market perform” rating to an “outperform” rating and set a $136.00 price target on the stock in a research note on Thursday, August 6th. William Blair restated an “outperform” rating on shares of CoreSite Realty in a report on Thursday, July 30th. Finally, Zacks Investment Research cut shares of CoreSite Realty from a “buy” rating to a “hold” rating in a report on Wednesday, November 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $122.67.

COR stock opened at $127.54 on Friday. The firm has a 50 day simple moving average of $124.82 and a 200 day simple moving average of $122.41. CoreSite Realty Co. has a 52 week low of $90.07 and a 52 week high of $131.36. The stock has a market cap 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 quick ratio of 0.22 and a current ratio of 0.22.

CoreSite Realty (NYSE:COR) last released its earnings results on Thursday, October 29th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.79). CoreSite Realty had a return on equity of 51.47% and a net margin of 13.19%. The company had revenue of $154.00 million during the quarter, compared to analysts’ expectations of $152.67 million. During the same quarter in the previous year, the company earned $1.28 EPS. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. Sell-side analysts predict that CoreSite Realty Co. will post 5.28 EPS for the current year.

In related news, SVP Brian Warren sold 1,000 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 23,384 shares of the company’s stock, valued at approximately $2,968,832.64. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jeffrey S. Finnin sold 4,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $120.35, for a total value of $481,400.00. Following the completion of the transaction, the chief financial officer now owns 72,322 shares in the company, valued at approximately $8,703,952.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,116 shares of company stock valued at $983,565. Insiders own 1.50% of the company’s stock.

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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