HWG Holdings LP Invests $1.92 Million in CoreSite Realty Corporation (COR) Stock

HWG Holdings LP bought a new position in shares of CoreSite Realty Corporation (NYSE:COR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,126 shares of the real estate investment trust’s stock, valued at approximately $1,916,000. CoreSite Realty comprises approximately 1.5% of HWG Holdings LP’s investment portfolio, making the stock its 22nd biggest position. HWG Holdings LP owned approximately 0.05% of CoreSite Realty as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Garrison Financial Corp lifted its stake in CoreSite Realty by 0.8% in the second 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 stake in shares of CoreSite Realty by 0.3% during the 2nd quarter. Sei Investments Co. now owns 8,515 shares of the real estate investment trust’s stock worth $881,000 after buying an additional 28 shares during the last quarter. Profund Advisors LLC lifted its stake in shares of CoreSite Realty by 0.6% during the 2nd quarter. Profund Advisors LLC now owns 7,163 shares of the real estate investment trust’s stock worth $742,000 after buying an additional 45 shares during the last quarter. LS Investment Advisors LLC lifted its stake in shares of CoreSite Realty by 4.6% during the 2nd quarter. LS Investment Advisors LLC now owns 1,280 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 56 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of CoreSite Realty by 6.7% during the 2nd quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 98.91% of the company’s stock.

CoreSite Realty Corporation (COR) opened at $111.35 on Wednesday. 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 $70.13 and a 1-year high of $120.85. The company has a market cap of $3,738.49, a PE ratio of 24.87, a price-to-earnings-growth ratio of 1.43 and a beta of 0.44.

CoreSite Realty (NYSE:COR) last announced its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.64). The company had revenue of $123.07 million for the quarter, compared to the consensus estimate of $121.27 million. CoreSite Realty had a net margin of 15.21% and a return on equity of 15.35%. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. equities research analysts predict 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 sale, the senior vice president now directly owns 36,613 shares in the company, valued at approximately $4,004,363.81. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey S. Finnin sold 8,000 shares of CoreSite Realty stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $109.39, for a total transaction of $875,120.00. Following the sale, the chief financial officer now owns 98,562 shares in the company, valued at $10,781,697.18. The disclosure for this sale can be found here. Insiders have sold a total of 16,805 shares of company stock worth $1,868,981 over the last ninety days. 1.50% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on the stock. ValuEngine upgraded shares of CoreSite Realty from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. BidaskClub upgraded shares of CoreSite Realty from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 25th. KeyCorp reaffirmed a “hold” rating on shares of CoreSite Realty in a research report on Tuesday, September 12th. SunTrust Banks reaffirmed a “buy” rating and set a $121.00 price target on shares of CoreSite Realty in a research report on Friday, November 17th. Finally, Cowen reaffirmed a “buy” rating and set a $111.00 price target on shares of CoreSite Realty in a research report on Thursday, October 19th. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. CoreSite Realty has an average rating of “Buy” and a consensus price target of $108.45.

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

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