Stevens Capital Management LP Raises Stake in CoreSite Realty Corporation (COR)

Stevens Capital Management LP grew its holdings in CoreSite Realty Corporation (NYSE:COR) by 40.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,168 shares of the real estate investment trust’s stock after purchasing an additional 3,514 shares during the period. Stevens Capital Management LP’s holdings in CoreSite Realty Corporation were worth $1,362,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of COR. BNP Paribas Arbitrage SA increased its holdings in CoreSite Realty Corporation by 53.9% in the second quarter. BNP Paribas Arbitrage SA now owns 13,108 shares of the real estate investment trust’s stock worth $1,357,000 after buying an additional 4,593 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in CoreSite Realty Corporation by 111.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 49,987 shares of the real estate investment trust’s stock worth $5,175,000 after buying an additional 26,307 shares during the last quarter. US Bancorp DE increased its holdings in CoreSite Realty Corporation by 6.7% in the second 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 during the last quarter. Eagle Asset Management Inc. increased its holdings in CoreSite Realty Corporation by 1.6% in the second quarter. Eagle Asset Management Inc. now owns 63,673 shares of the real estate investment trust’s stock worth $6,592,000 after buying an additional 974 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in CoreSite Realty Corporation in the first quarter worth approximately $302,000. Institutional investors own 99.13% of the company’s stock.

A number of equities analysts recently commented on COR shares. Zacks Investment Research upgraded CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a report on Wednesday, September 27th. Jefferies Group LLC restated a “buy” rating and issued a $119.00 price objective on shares of CoreSite Realty Corporation in a report on Tuesday, July 25th. Royal Bank Of Canada restated a “buy” rating on shares of CoreSite Realty Corporation in a report on Tuesday, July 18th. BidaskClub upgraded CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, Cowen and Company restated a “buy” rating and issued a $111.00 price objective on shares of CoreSite Realty Corporation in a report on Thursday, October 19th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $107.20.

In other news, CFO Jeffrey S. Finnin sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $109.39, for a total value of $875,120.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Paul E. Szurek sold 3,805 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $117.48, for a total value of $447,011.40. Following the completion of the sale, the chief executive officer now directly owns 93,405 shares of the company’s stock, valued at $10,973,219.40. The disclosure for this sale can be found here. Insiders sold 31,805 shares of company stock valued at $1,876,481 over the last three months. 1.50% of the stock is owned by company insiders.

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CoreSite Realty Corporation (NYSE COR) opened at $117.98 on Tuesday. CoreSite Realty Corporation has a twelve month low of $64.81 and a twelve month high of $120.85. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $3,971.33, a P/E ratio of 26.42, a price-to-earnings-growth ratio of 1.57 and a beta of 0.43.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a $0.90 dividend. The ex-dividend date was Thursday, September 28th. This represents a $3.60 annualized dividend and a dividend yield of 3.05%. CoreSite Realty Corporation’s dividend payout ratio is 195.65%.

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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