Macquarie Group Ltd. lowered its holdings in CoreSite Realty Corporation (NYSE:COR) by 58.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,300 shares of the real estate investment trust’s stock after selling 65,981 shares during the period. Macquarie Group Ltd. owned about 0.14% of CoreSite Realty worth $5,181,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Arbitrage SA lifted its holdings in CoreSite Realty by 53.9% in the second quarter. BNP Paribas Arbitrage SA now owns 13,108 shares of the real estate investment trust’s stock worth $1,357,000 after acquiring an additional 4,593 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in CoreSite Realty by 111.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 49,987 shares of the real estate investment trust’s stock worth $5,175,000 after acquiring an additional 26,307 shares during the last quarter. US Bancorp DE increased its stake in shares of CoreSite Realty by 6.7% in the second quarter. US Bancorp DE now owns 1,199 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 75 shares during the period. Eagle Asset Management Inc. increased its stake in shares of CoreSite Realty by 1.6% in the second quarter. Eagle Asset Management Inc. now owns 63,673 shares of the real estate investment trust’s stock valued at $6,592,000 after purchasing an additional 974 shares during the period. Finally, Ranger Global Real Estate Advisors LLC acquired a new stake in shares of CoreSite Realty in the third quarter valued at approximately $8,529,000. 98.98% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Derek Mccandless sold 5,000 shares of the firm’s 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 transaction, the senior vice president now owns 36,613 shares in the company, valued at $4,004,363.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey S. Finnin sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $109.39, for a total transaction of $875,120.00. Following the transaction, the chief financial officer now owns 98,562 shares in the company, valued at approximately $10,781,697.18. The disclosure for this sale can be found here. Insiders have sold 16,805 shares of company stock worth $1,868,981 in the last quarter. Company insiders own 1.50% of the company’s stock.

CoreSite Realty Corporation (NYSE COR) opened at $115.15 on Friday. CoreSite Realty Corporation has a 12 month low of $67.83 and a 12 month high of $120.85. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. The company has a market cap of $3,885.73, a P/E ratio of 25.85, a P/E/G ratio of 1.49 and a beta of 0.44.

CoreSite Realty (NYSE:COR) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.64). CoreSite Realty had a net margin of 15.21% and a return on equity of 15.35%. The company had revenue of $123.07 million for the quarter, compared to analyst estimates of $121.27 million. During the same quarter in the prior year, the business earned $0.90 EPS. CoreSite Realty’s revenue was up 21.5% compared to the same quarter last year. research analysts expect that CoreSite Realty Corporation will post 4.48 EPS for the current fiscal year.

COR has been the topic of several analyst reports. Zacks Investment Research lowered shares of CoreSite Realty from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. SunTrust Banks restated a “buy” rating and issued a $121.00 price target on shares of CoreSite Realty in a research note on Friday, November 17th. William Blair initiated coverage on shares of CoreSite Realty in a research note on Friday, September 22nd. They issued an “outperform” rating on the stock. Cowen restated a “buy” rating and issued a $111.00 price target on shares of CoreSite Realty in a research note on Thursday, October 19th. Finally, KeyCorp restated a “hold” rating on shares of CoreSite Realty in a research note on Thursday, October 12th. Eight investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. CoreSite Realty has a consensus rating of “Buy” and an average price target of $108.45.

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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.

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

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