Morgan Stanley decreased its stake in shares of CoreSite Realty Corporation (NYSE:COR) by 36.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 88,697 shares of the real estate investment trust’s stock after selling 51,360 shares during the period. Morgan Stanley owned about 0.26% of CoreSite Realty Corporation worth $7,987,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of CoreSite Realty Corporation by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,510,182 shares of the real estate investment trust’s stock valued at $496,191,000 after buying an additional 198,067 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of CoreSite Realty Corporation by 7.5% in the first quarter. Wells Fargo & Company MN now owns 1,586,774 shares of the real estate investment trust’s stock worth $142,888,000 after buying an additional 111,103 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of CoreSite Realty Corporation by 34.7% in the first quarter. JPMorgan Chase & Co. now owns 829,490 shares of the real estate investment trust’s stock worth $74,695,000 after buying an additional 213,872 shares during the period. Capital Growth Management LP boosted its stake in shares of CoreSite Realty Corporation by 345.5% in the first quarter. Capital Growth Management LP now owns 490,000 shares of the real estate investment trust’s stock worth $44,124,000 after buying an additional 380,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of CoreSite Realty Corporation by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 457,964 shares of the real estate investment trust’s stock worth $41,239,000 after buying an additional 23,454 shares during the period.
CoreSite Realty Corporation (COR) opened at 110.11 on Friday. CoreSite Realty Corporation has a 12 month low of $64.81 and a 12 month high of $113.55. The company has a market cap of $3.77 billion, a P/E ratio of 63.35 and a beta of 0.57. The company’s 50-day moving average is $106.31 and its 200-day moving average is $97.99.
CoreSite Realty Corporation (NYSE:COR) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $1.10 EPS for the quarter, beating the consensus estimate of $1.08 by $0.02. CoreSite Realty Corporation had a net margin of 15.15% and a return on equity of 14.14%. The business had revenue of $117.89 million during the quarter, compared to analysts’ expectations of $117.32 million. During the same period in the previous year, the business posted $0.89 EPS. The business’s quarterly revenue was up 22.7% compared to the same quarter last year. On average, equities research analysts expect that CoreSite Realty Corporation will post $1.83 EPS for the current fiscal year.
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A number of equities research analysts have weighed in on COR shares. Zacks Investment Research upgraded shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a report on Wednesday, June 28th. BidaskClub cut shares of CoreSite Realty Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 28th. Jefferies Group LLC restated a “buy” rating and issued a $117.00 price objective on shares of CoreSite Realty Corporation in a report on Wednesday, June 14th. Royal Bank Of Canada restated a “buy” rating and issued a $110.00 price objective on shares of CoreSite Realty Corporation in a report on Thursday, June 8th. Finally, Macquarie restated a “hold” rating and issued a $84.00 price objective on shares of CoreSite Realty Corporation in a report on Tuesday, July 4th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. CoreSite Realty Corporation presently has an average rating of “Hold” and a consensus price target of $98.00.
In other CoreSite Realty Corporation news, CFO Jeffrey S. Finnin sold 8,000 shares of CoreSite Realty Corporation stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total transaction of $885,920.00. Following the completion of the sale, the chief financial officer now directly owns 110,493 shares in the company, valued at approximately $12,235,994.82. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Derek Mccandless sold 10,000 shares of CoreSite Realty Corporation stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $105.48, for a total transaction of $1,054,800.00. Following the sale, the senior vice president now owns 49,713 shares of the company’s stock, valued at $5,243,727.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,000 shares of company stock valued at $3,048,120. Company insiders own 3.10% of the company’s stock.
CoreSite Realty Corporation Company 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.
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