New Mexico Educational Retirement Board held its position in CoreSite Realty Corporation (NYSE:COR) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,730 shares of the real estate investment trust’s stock at the end of the second quarter. New Mexico Educational Retirement Board’s holdings in CoreSite Realty Corporation were worth $514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COR. Creative Planning increased its position in CoreSite Realty Corporation by 129.2% in the first quarter. Creative Planning now owns 2,292 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 1,292 shares during the period. Jane Street Group LLC purchased a new position in CoreSite Realty Corporation during the first quarter valued at $233,000. Raymond James Financial Services Advisors Inc. purchased a new position in CoreSite Realty Corporation during the first quarter valued at $722,000. State of Tennessee Treasury Department increased its position in CoreSite Realty Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 31,850 shares of the real estate investment trust’s stock valued at $2,868,000 after buying an additional 4,807 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD bought a new position in shares of CoreSite Realty Corporation during the first quarter worth approximately $6,154,000.

CoreSite Realty Corporation (NYSE:COR) opened at 109.88 on Friday. CoreSite Realty Corporation has a 12 month low of $64.81 and a 12 month high of $113.55. The stock has a market capitalization of $3.76 billion, a P/E ratio of 63.22 and a beta of 0.57. The company’s 50-day moving average is $106.10 and its 200-day moving average is $97.82.

CoreSite Realty Corporation (NYSE:COR) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.02. The company had revenue of $117.89 million during the quarter, compared to analysts’ expectations of $117.32 million. CoreSite Realty Corporation had a net margin of 15.15% and a return on equity of 14.14%. The business’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period last year, the business earned $0.89 EPS. Equities analysts anticipate that CoreSite Realty Corporation will post $1.83 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “New Mexico Educational Retirement Board Continues to Hold Stake in CoreSite Realty Corporation (COR)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/08/18/new-mexico-educational-retirement-board-continues-to-hold-stake-in-coresite-realty-corporation-cor.html.

A number of research analysts recently commented on the stock. BidaskClub raised shares of CoreSite Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research raised shares of CoreSite Realty Corporation from a “sell” rating to a “hold” rating and set a $124.00 price objective on the stock in a research report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $119.00 price objective on shares of CoreSite Realty Corporation in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $110.00 price objective on shares of CoreSite Realty Corporation in a research report on Thursday, June 8th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $98.00.

In other news, CFO Jeffrey S. Finnin sold 8,000 shares of the firm’s 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 transaction, the chief financial officer now directly owns 110,493 shares of the company’s stock, valued at approximately $12,235,994.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Derek Mccandless sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $105.48, for a total transaction of $1,054,800.00. Following the transaction, the senior vice president now directly owns 49,713 shares of the company’s stock, valued at $5,243,727.24. The disclosure for this sale can be found here. Insiders have sold a total of 28,000 shares of company stock valued at $3,048,120 over the last ninety days. 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.

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

Receive News & Stock Ratings for CoreSite Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreSite Realty Corporation and related stocks with our FREE daily email newsletter.