Municipal Employees Retirement System of Michigan Has $1.16 Million Holdings in CoreSite Realty Corporation (NYSE:COR)

Municipal Employees Retirement System of Michigan lifted its holdings in CoreSite Realty Corporation (NYSE:COR) by 28.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,340 shares of the real estate investment trust’s stock after acquiring an additional 2,260 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in CoreSite Realty were worth $1,157,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Garrison Financial Corp lifted its holdings in shares of CoreSite Realty by 0.8% in the 2nd quarter. Garrison Financial Corp now owns 3,115 shares of the real estate investment trust’s stock valued at $322,000 after acquiring an additional 25 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of CoreSite Realty by 0.3% in the 2nd quarter. Sei Investments Co. now owns 8,515 shares of the real estate investment trust’s stock valued at $881,000 after acquiring an additional 28 shares during the last quarter. Profund Advisors LLC lifted its holdings in shares of CoreSite Realty by 0.6% in the 2nd quarter. Profund Advisors LLC now owns 7,163 shares of the real estate investment trust’s stock valued at $742,000 after acquiring an additional 45 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in shares of CoreSite Realty by 4.6% in the 2nd quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 56 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of CoreSite Realty by 6.7% in the 2nd quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock valued at $125,000 after acquiring an additional 75 shares during the last quarter. 98.91% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on COR shares. Citigroup increased their price target on shares of CoreSite Realty from $109.00 to $115.00 and gave the company a “buy” rating in a report on Friday, October 27th. BidaskClub raised shares of CoreSite Realty from a “buy” rating to a “strong-buy” rating in a report on Friday, August 25th. Credit Suisse Group set a $111.00 price objective on shares of CoreSite Realty and gave the stock a “hold” rating in a research note on Friday, October 27th. KeyCorp reissued a “hold” rating on shares of CoreSite Realty in a research note on Tuesday, September 12th. Finally, Zacks Investment Research downgraded shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. CoreSite Realty presently has a consensus rating of “Buy” and a consensus target price of $109.55.

CoreSite Realty Corporation (COR) traded up $2.97 during trading on Thursday, hitting $115.08. 464,697 shares of the stock traded hands, compared to its average volume of 425,768. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.80. CoreSite Realty Corporation has a 1 year low of $73.05 and a 1 year high of $120.85. The company has a market capitalization of $3,812.79, a P/E ratio of 25.36, a PEG ratio of 1.46 and a beta of 0.44.

CoreSite Realty (NYSE:COR) last posted its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.64). CoreSite Realty 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 the consensus estimate of $121.27 million. During the same period in the prior year, the firm posted $0.90 EPS. The business’s revenue was up 21.5% on a year-over-year basis. research analysts expect that CoreSite Realty Corporation will post 4.48 earnings per share for the current year.

In related news, SVP Derek Mccandless sold 5,000 shares of CoreSite Realty stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $109.37, for a total transaction of $546,850.00. Following the transaction, the senior vice president now directly owns 36,613 shares of the company’s stock, valued at $4,004,363.81. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Paul E. Szurek sold 3,805 shares of CoreSite Realty stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $117.48, for a total transaction of $447,011.40. Following the transaction, the chief executive officer now directly owns 93,405 shares in the company, valued at $10,973,219.40. The disclosure for this sale can be found here. Insiders have sold 16,805 shares of company stock valued at $1,868,981 in the last ninety days. Insiders own 1.50% of the company’s stock.

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About CoreSite Realty

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 (NYSE:COR)

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