GW&K Investment Management LLC Reduces Holdings in CoreSite Realty Corp (NYSE:COR)

GW&K Investment Management LLC decreased its position in shares of CoreSite Realty Corp (NYSE:COR) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 190,329 shares of the real estate investment trust’s stock after selling 3,350 shares during the quarter. GW&K Investment Management LLC’s holdings in CoreSite Realty were worth $21,920,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of COR. JPMorgan Chase & Co. grew its holdings in shares of CoreSite Realty by 21.1% during the first quarter. JPMorgan Chase & Co. now owns 1,519,234 shares of the real estate investment trust’s stock worth $162,588,000 after purchasing an additional 264,542 shares during the last quarter. Centersquare Investment Management LLC grew its holdings in shares of CoreSite Realty by 5,479.5% during the first quarter. Centersquare Investment Management LLC now owns 226,528 shares of the real estate investment trust’s stock worth $24,243,000 after buying an additional 222,468 shares during the last quarter. Reaves W H & Co. Inc. grew its holdings in shares of CoreSite Realty by 100.3% during the first quarter. Reaves W H & Co. Inc. now owns 216,326 shares of the real estate investment trust’s stock worth $23,151,000 after buying an additional 108,326 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of CoreSite Realty by 474.1% during the second quarter. First Trust Advisors LP now owns 82,933 shares of the real estate investment trust’s stock worth $9,551,000 after buying an additional 68,488 shares during the last quarter. Finally, Todd Asset Management LLC grew its holdings in shares of CoreSite Realty by 79.8% during the second quarter. Todd Asset Management LLC now owns 147,053 shares of the real estate investment trust’s stock worth $16,936,000 after buying an additional 65,256 shares during the last quarter. 91.34% of the stock is currently owned by institutional investors.

In other CoreSite Realty news, CAO Mark R. Jones sold 750 shares of CoreSite Realty stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $107.79, for a total value of $80,842.50. Following the sale, the chief accounting officer now owns 14,632 shares of the company’s stock, valued at approximately $1,577,183.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Derek Mccandless sold 6,000 shares of CoreSite Realty stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $114.30, for a total value of $685,800.00. Following the completion of the sale, the senior vice president now directly owns 29,531 shares in the company, valued at approximately $3,375,393.30. The disclosure for this sale can be found here. Insiders sold a total of 815,795 shares of company stock worth $90,404,100 in the last ninety days. 1.20% of the stock is owned by corporate insiders.

A number of research firms recently issued reports on COR. BMO Capital Markets reissued a “hold” rating and set a $112.00 price target on shares of CoreSite Realty in a report on Thursday, July 25th. ValuEngine lowered CoreSite Realty from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Raymond James lowered their price target on CoreSite Realty from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. Credit Suisse Group lowered their price target on CoreSite Realty from $111.00 to $103.00 and set a “neutral” rating on the stock in a report on Friday, July 26th. Finally, Stifel Nicolaus set a $110.00 price target on CoreSite Realty and gave the stock a “hold” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. CoreSite Realty currently has a consensus rating of “Hold” and an average target price of $112.20.

COR traded down $1.71 during trading on Friday, reaching $112.48. The company’s stock had a trading volume of 248,907 shares, compared to its average volume of 339,802. CoreSite Realty Corp has a 52-week low of $82.64 and a 52-week high of $121.64. The company’s fifty day moving average price is $112.74 and its 200-day moving average price is $110.49. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.72 and a beta of 0.55. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.18 and a current ratio of 0.18.

CoreSite Realty (NYSE:COR) last announced its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.28 by ($0.75). CoreSite Realty had a net margin of 13.82% and a return on equity of 24.19%. The business had revenue of $142.91 million during the quarter, compared to analysts’ expectations of $142.85 million. During the same period in the prior year, the firm posted $1.28 EPS. CoreSite Realty’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts predict that CoreSite Realty Corp will post 5.09 earnings per share for the current year.

About CoreSite Realty

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 1,350 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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Institutional Ownership by Quarter for CoreSite Realty (NYSE:COR)

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