Tiverton Asset Management LLC lessened its holdings in CoreSite (NYSE:COR) by 75.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,424 shares of the real estate investment trust’s stock after selling 13,272 shares during the quarter. Tiverton Asset Management LLC’s holdings in CoreSite were worth $443,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of COR. Financial Gravity Companies Inc. purchased a new position in CoreSite in the 4th quarter worth $183,000. Intrust Bank NA purchased a new position in CoreSite in the 4th quarter worth $200,000. Jefferies Group LLC purchased a new position in CoreSite in the 4th quarter worth $210,000. Eagle Boston Investment Management Inc. purchased a new position in CoreSite in the 4th quarter worth $219,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in CoreSite by 43.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,960 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 596 shares during the period. Institutional investors own 97.55% of the company’s stock.
A number of equities analysts recently commented on COR shares. Jefferies Group reiterated a “buy” rating on shares of CoreSite in a research report on Thursday, February 8th. Citigroup decreased their target price on shares of CoreSite from $115.00 to $105.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. Robert W. Baird cut their price target on shares of CoreSite from $129.00 to $126.00 and set an “outperform” rating on the stock in a report on Friday, February 9th. Credit Suisse Group cut their price target on shares of CoreSite from $111.00 to $107.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $113.00 price target on shares of CoreSite in a report on Monday, February 12th. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. CoreSite has a consensus rating of “Buy” and a consensus price target of $115.54.
Shares of CoreSite opened at $102.65 on Friday, MarketBeat.com reports. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 1.23 and a beta of 0.39. CoreSite has a 12-month low of $105.00 and a 12-month high of $105.83. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.25 and a current ratio of 0.25.
CoreSite (NYSE:COR) last announced its quarterly earnings results on Thursday, April 26th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.64). The firm had revenue of $129.60 million during the quarter, compared to the consensus estimate of $129.43 million. CoreSite had a return on equity of 17.91% and a net margin of 15.46%. CoreSite’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the business earned $1.13 EPS. research analysts expect that CoreSite will post 5.04 earnings per share for the current fiscal year.
In other news, CFO Jeffrey S. Finnin sold 10,396 shares of CoreSite stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $93.30, for a total transaction of $969,946.80. Following the sale, the chief financial officer now owns 84,827 shares of the company’s stock, valued at approximately $7,914,359.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey S. Finnin sold 8,000 shares of CoreSite stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $93.31, for a total transaction of $746,480.00. Following the sale, the chief financial officer now directly owns 84,827 shares in the company, valued at approximately $7,915,207.37. The disclosure for this sale can be found here. Insiders have sold a total of 44,948 shares of company stock worth $4,381,585 in the last ninety days. Insiders own 1.50% of the company’s stock.
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 1,250 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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