Macquarie Group Ltd. purchased a new position in CoreSite Realty Corp. (NYSE:COR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 174,834 shares of the real estate investment trust’s stock, valued at approximately $15,506,000. Macquarie Group Ltd. owned 0.55% of CoreSite Realty Corp. as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of COR. Meeder Asset Management Inc. boosted its stake in shares of CoreSite Realty Corp. by 21.5% in the second quarter. Meeder Asset Management Inc. now owns 9,584 shares of the real estate investment trust’s stock worth $850,000 after buying an additional 1,697 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of CoreSite Realty Corp. by 28.7% in the second quarter. New York State Teachers Retirement System now owns 120,029 shares of the real estate investment trust’s stock worth $10,645,000 after buying an additional 26,800 shares during the last quarter. Shinko Asset Management Co. Ltd. boosted its stake in shares of CoreSite Realty Corp. by 88.6% in the second quarter. Shinko Asset Management Co. Ltd. now owns 2,640 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 1,240 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of CoreSite Realty Corp. by 1.5% in the second quarter. State of Alaska Department of Revenue now owns 3,380 shares of the real estate investment trust’s stock worth $299,000 after buying an additional 50 shares during the last quarter. Finally, Telemus Capital LLC boosted its stake in shares of CoreSite Realty Corp. by 206.0% in the second quarter. Telemus Capital LLC now owns 28,720 shares of the real estate investment trust’s stock worth $2,547,000 after buying an additional 19,335 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

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

Shares of CoreSite Realty Corp. (NYSE:COR) traded up 0.3105% during trading on Monday, reaching $70.2575. The company had a trading volume of 214,114 shares. CoreSite Realty Corp. has a 52 week low of $54.23 and a 52 week high of $91.91. The company has a market capitalization of $2.35 billion, a PE ratio of 49.1311 and a beta of 0.73. The stock’s 50-day moving average price is $72.52 and its 200-day moving average price is $78.48.

CoreSite Realty Corp. (NYSE:COR) last issued its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by $0.01. The company earned $101.27 million during the quarter, compared to analyst estimates of $104.35 million. CoreSite Realty Corp. had a net margin of 13.41% and a return on equity of 10.18%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the firm earned $0.74 EPS. On average, equities analysts expect that CoreSite Realty Corp. will post $3.63 EPS for the current fiscal year.

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A number of analysts have commented on the company. Jefferies Group restated a “buy” rating and issued a $60.00 price target (up previously from $50.00) on shares of CoreSite Realty Corp. in a research report on Tuesday, August 23rd. Zacks Investment Research cut CoreSite Realty Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 25th. Stifel Nicolaus upgraded CoreSite Realty Corp. from a “sell” rating to a “hold” rating and set a $75.00 target price for the company in a research report on Monday, October 3rd. Cowen and Company upgraded CoreSite Realty Corp. from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Tuesday, October 11th. Finally, Raymond James Financial Inc. started coverage on CoreSite Realty Corp. in a research report on Friday, October 7th. They set a “market perform” rating for the company. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. CoreSite Realty Corp. has a consensus rating of “Buy” and a consensus price target of $81.38.

CoreSite Realty Corp. Company Profile

CoreSite Realty Corporation (CoreSite) is an integrated, self-administered and self-managed real estate investment trust (REIT). Through its controlling interest in CoreSite, L.P. (Operating Partnership), the Company 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 (including Washington DC), New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver.

5 Day Chart for NYSE:COR

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