Daiwa Securities Group Inc. Buys 500 Shares of CoreSite Realty Corp (COR)

Daiwa Securities Group Inc. raised its stake in shares of CoreSite Realty Corp (NYSE:COR) by 14.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,900 shares of the real estate investment trust’s stock after purchasing an additional 500 shares during the period. Daiwa Securities Group Inc.’s holdings in CoreSite Realty were worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Zions Bancorporation purchased a new stake in CoreSite Realty during the third quarter valued at approximately $170,000. Jaffetilchin Investment Partners LLC purchased a new stake in CoreSite Realty during the fourth quarter valued at approximately $208,000. Park Avenue Securities LLC purchased a new stake in CoreSite Realty during the third quarter valued at approximately $207,000. FDx Advisors Inc. purchased a new stake in CoreSite Realty during the third quarter valued at approximately $209,000. Finally, Oakbrook Investments LLC purchased a new stake in CoreSite Realty during the third quarter valued at approximately $210,000. Institutional investors and hedge funds own 98.31% of the company’s stock.

In related news, SVP Steven James Smith sold 3,151 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $106.52, for a total value of $335,644.52. Following the transaction, the senior vice president now owns 42,915 shares of the company’s stock, valued at $4,571,305.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders purchased 193,000 shares of company stock worth $68,330 and sold 12,533 shares worth $1,379,689. 1.50% of the stock is owned by corporate insiders.

COR has been the topic of a number of recent research reports. Jefferies Group restated a “buy” rating on shares of CoreSite Realty in a research report on Thursday, February 8th. SunTrust Banks restated a “buy” rating and set a $133.00 price objective on shares of CoreSite Realty in a research report on Thursday, December 7th. ValuEngine upgraded CoreSite Realty from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Citigroup upped their price objective on CoreSite Realty from $109.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, TheStreet downgraded CoreSite Realty from a “b-” rating to a “c+” rating in a research report on Friday, February 9th. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $113.00.

Shares of CoreSite Realty Corp (COR) opened at $96.26 on Monday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 2.24. CoreSite Realty Corp has a fifty-two week low of $85.57 and a fifty-two week high of $120.85. The firm has a market capitalization of $3,296.25, a P/E ratio of 52.32, a PEG ratio of 1.13 and a beta of 0.33.

CoreSite Realty (NYSE:COR) last issued its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. CoreSite Realty had a return on equity of 16.77% and a net margin of 15.54%. The firm had revenue of $125.95 million for the quarter, compared to the consensus estimate of $125.71 million. During the same period in the prior year, the business posted $1.06 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. research analysts anticipate that CoreSite Realty Corp will post 5 EPS for the current year.

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

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