Breton Hill Capital Ltd. Acquires Shares of 3,967 CoreSite Realty Corporation (COR)

Breton Hill Capital Ltd. acquired a new stake in CoreSite Realty Corporation (NYSE:COR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,967 shares of the company’s stock, valued at approximately $444,000.

Several other hedge funds have also recently added to or reduced their stakes in COR. OppenheimerFunds Inc. boosted its position in shares of CoreSite Realty Corporation by 26.2% in the first quarter. OppenheimerFunds Inc. now owns 3,931 shares of the company’s stock valued at $354,000 after acquiring an additional 817 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of CoreSite Realty Corporation by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 457,964 shares of the company’s stock valued at $41,239,000 after acquiring an additional 23,454 shares during the period. State Street Corp boosted its position in shares of CoreSite Realty Corporation by 8.3% in the first quarter. State Street Corp now owns 826,392 shares of the company’s stock valued at $74,416,000 after acquiring an additional 63,493 shares during the period. HighTower Advisors LLC bought a new position in shares of CoreSite Realty Corporation in the first quarter valued at approximately $302,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of CoreSite Realty Corporation in the first quarter valued at approximately $2,489,000. Institutional investors own 99.66% of the company’s stock.

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A number of equities analysts have recently commented on the stock. BidaskClub upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research raised shares of CoreSite Realty Corporation from a “sell” rating to a “hold” rating and set a $124.00 target price on the stock in a research note on Monday, July 31st. Citigroup Inc. raised their target price on shares of CoreSite Realty Corporation from $109.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, October 27th. ValuEngine raised shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Credit Suisse Group set a $111.00 target price on shares of CoreSite Realty Corporation and gave the company a “hold” rating in a research note on Friday, October 27th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. CoreSite Realty Corporation presently has a consensus rating of “Buy” and a consensus price target of C$107.20.

CoreSite Realty Corporation (NYSE:COR) traded down C$0.38 during mid-day trading on Friday, hitting C$115.98. 271,367 shares of the company’s stock traded hands, compared to its average volume of 389,020. The stock has a market capitalization of $3,971.39, a P/E ratio of 26.42, a PEG ratio of 1.57 and a beta of 0.43. CoreSite Realty Corporation has a 52-week low of C$64.81 and a 52-week high of C$120.85. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.29 and a quick ratio of 0.29.

CoreSite Realty Corporation (NYSE:COR) last posted its quarterly earnings results on Thursday, October 26th. The company reported C$0.46 EPS for the quarter, missing the consensus estimate of C$1.10 by C($0.64). The business had revenue of C$123.07 million for the quarter, compared to analysts’ expectations of C$121.27 million. CoreSite Realty Corporation had a return on equity of 15.35% and a net margin of 15.21%. The company’s revenue was up 21.5% compared to the same quarter last year. During the same period last year, the business posted $0.90 earnings per share. equities analysts forecast that CoreSite Realty Corporation will post 4.48 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Thursday, September 28th. CoreSite Realty Corporation’s dividend payout ratio (DPR) is presently 195.65%.

In other CoreSite Realty Corporation news, CEO Paul E. Szurek sold 3,805 shares of CoreSite Realty Corporation stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of C$117.48, for a total transaction of C$447,011.40. Following the transaction, the chief executive officer now directly owns 93,405 shares of the company’s stock, valued at C$10,973,219.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeffrey S. Finnin sold 8,000 shares of CoreSite Realty Corporation stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of C$109.39, for a total transaction of C$875,120.00. Following the transaction, the chief financial officer now directly owns 98,562 shares in the company, valued at C$10,781,697.18. The disclosure for this sale can be found here. Insiders have sold 31,805 shares of company stock worth $1,876,481 over the last three months. Insiders own 1.50% of the company’s stock.

About CoreSite Realty Corporation

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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