Green Street Investors LLC Decreases Position in CoreSite Realty Corp (NYSE:COR)
Green Street Investors LLC cut its position in CoreSite Realty Corp (NYSE:COR) by 6.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 37,900 shares of the real estate investment trust’s stock after selling 2,600 shares during the quarter. CoreSite Realty accounts for approximately 2.8% of Green Street Investors LLC’s investment portfolio, making the stock its 15th biggest holding. Green Street Investors LLC’s holdings in CoreSite Realty were worth $4,365,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of COR. Geode Capital Management LLC raised its position in shares of CoreSite Realty by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 345,559 shares of the real estate investment trust’s stock worth $30,143,000 after purchasing an additional 24,276 shares during the period. Virtu Financial LLC acquired a new stake in shares of CoreSite Realty during the first quarter worth $227,000. Retirement Systems of Alabama raised its position in shares of CoreSite Realty by 0.4% during the first quarter. Retirement Systems of Alabama now owns 47,787 shares of the real estate investment trust’s stock worth $5,114,000 after purchasing an additional 204 shares during the period. Nisa Investment Advisors LLC raised its position in shares of CoreSite Realty by 32.2% during the first quarter. Nisa Investment Advisors LLC now owns 13,195 shares of the real estate investment trust’s stock worth $1,412,000 after purchasing an additional 3,215 shares during the period. Finally, Oakbrook Investments LLC acquired a new stake in shares of CoreSite Realty during the first quarter worth $238,000. 91.34% of the stock is owned by institutional investors and hedge funds.
COR has been the topic of a number of research analyst reports. ValuEngine downgraded CoreSite Realty from a “buy” rating to a “hold” rating in a report on Friday, July 26th. BMO Capital Markets reiterated a “hold” rating and set a $112.00 price target on shares of CoreSite Realty in a report on Thursday, July 25th. Stifel Nicolaus set a $110.00 price target on CoreSite Realty and gave the company a “hold” rating in a report on Friday, July 26th. Credit Suisse Group lowered their price target on CoreSite Realty from $111.00 to $103.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Finally, Raymond James lowered their price target on CoreSite Realty from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $112.20.
Shares of COR traded up $0.79 during trading hours on Thursday, hitting $114.27. 3,102 shares of the company were exchanged, compared to its average volume of 393,331. The company has a market cap of $4.17 billion, a PE ratio of 22.62, a PEG ratio of 1.72 and a beta of 0.55. The firm’s 50 day moving average is $112.98 and its 200-day moving average is $110.34. CoreSite Realty Corp has a 52 week low of $82.64 and a 52 week high of $121.64. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.18 and a current ratio of 0.18.
CoreSite Realty (NYSE:COR) last posted its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.75). CoreSite Realty had a net margin of 13.82% and a return on equity of 24.19%. The firm had revenue of $142.91 million during the quarter, compared to analyst estimates of $142.85 million. During the same period last year, the company earned $1.28 EPS. The company’s revenue was up 4.7% on a year-over-year basis. As a group, equities analysts forecast that CoreSite Realty Corp will post 5.09 earnings per share for the current fiscal year.
About CoreSite Realty
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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