Park Avenue Securities LLC purchased a new position in CoreSite Realty Corporation (NYSE:COR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,849 shares of the real estate investment trust’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. US Bancorp DE increased its holdings in CoreSite Realty Corporation by 6.7% in the 2nd quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 75 shares in the last quarter. LS Investment Advisors LLC raised its holdings in shares of CoreSite Realty Corporation by 4.6% during the 2nd quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 56 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of CoreSite Realty Corporation by 14.6% during the 2nd quarter. IFP Advisors Inc now owns 1,362 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 174 shares in the last quarter. Schroder Investment Management Group purchased a new stake in shares of CoreSite Realty Corporation during the 2nd quarter worth approximately $188,000. Finally, FDx Advisors Inc. purchased a new stake in shares of CoreSite Realty Corporation during the 3rd quarter worth approximately $209,000. 95.27% of the stock is owned by hedge funds and other institutional investors.

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Several research firms have recently weighed in on COR. ValuEngine raised CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. BidaskClub raised CoreSite Realty Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 25th. KeyCorp reissued a “hold” rating on shares of CoreSite Realty Corporation in a research report on Tuesday, September 12th. SunTrust Banks, Inc. reissued a “buy” rating and set a $121.00 price target on shares of CoreSite Realty Corporation in a research report on Friday, November 17th. Finally, Cowen and Company reissued a “buy” rating and set a $111.00 price target on shares of CoreSite Realty Corporation in a research report on Thursday, October 19th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $108.45.

Shares of CoreSite Realty Corporation (COR) traded up $0.48 during midday trading on Thursday, hitting $116.88. The company had a trading volume of 351,000 shares, compared to its average volume of 426,660. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.80. The stock has a market cap of $3,985.71, a PE ratio of 26.51, a P/E/G ratio of 1.53 and a beta of 0.43. CoreSite Realty Corporation has a 1 year low of $67.36 and a 1 year high of $120.85.

CoreSite Realty Corporation (NYSE:COR) last issued its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.64). CoreSite Realty Corporation had a return on equity of 15.35% and a net margin of 15.21%. The company had revenue of $123.07 million for the quarter, compared to analysts’ expectations of $121.27 million. During the same quarter last year, the company earned $0.90 earnings per share. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. analysts predict that CoreSite Realty Corporation will post 4.48 EPS for the current year.

In related news, CFO Jeffrey S. Finnin sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $109.39, for a total transaction of $875,120.00. Following the sale, the chief financial officer now directly owns 98,562 shares of the company’s stock, valued at $10,781,697.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Derek Mccandless sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $109.37, for a total value of $546,850.00. Following the sale, the senior vice president now directly owns 36,613 shares in the company, valued at $4,004,363.81. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,805 shares of company stock worth $1,876,481. 1.50% of the stock is owned by corporate insiders.

CoreSite Realty Corporation Profile

CoreSite Realty Corporation (CoreSite) is an integrated, self-administered and self-managed real estate investment trust. The Company, through its controlling interest in CoreSite, L.P., is engaged in the business of ownership, acquisition, construction and operation of data centers across a range of markets in the United States, including the Northern Virginia, New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver.

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

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