Principal Financial Group Inc. trimmed its holdings in shares of CoreSite Realty Co. (NYSE:COR) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,583,459 shares of the real estate investment trust’s stock after selling 8,790 shares during the period. Principal Financial Group Inc. owned about 3.70% of CoreSite Realty worth $198,376,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of COR. Pitcairn Co. raised its stake in CoreSite Realty by 4.9% in the third quarter. Pitcairn Co. now owns 1,831 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 86 shares in the last quarter. Securian Asset Management Inc raised its stake in CoreSite Realty by 0.7% in the third quarter. Securian Asset Management Inc now owns 13,765 shares of the real estate investment trust’s stock worth $1,636,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in CoreSite Realty by 0.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the real estate investment trust’s stock worth $1,340,000 after buying an additional 100 shares in the last quarter. State of Michigan Retirement System raised its stake in CoreSite Realty by 0.6% in the fourth quarter. State of Michigan Retirement System now owns 15,609 shares of the real estate investment trust’s stock worth $1,955,000 after buying an additional 100 shares in the last quarter. Finally, US Bancorp DE raised its stake in CoreSite Realty by 2.1% in the third quarter. US Bancorp DE now owns 4,948 shares of the real estate investment trust’s stock worth $588,000 after buying an additional 103 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

A number of research firms recently issued reports on COR. Wells Fargo & Company downgraded shares of CoreSite Realty from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $120.00 to $115.00 in a research note on Thursday, December 10th. Mizuho initiated coverage on shares of CoreSite Realty in a research note on Wednesday, December 2nd. They set a “neutral” rating and a $135.00 target price for the company. Cowen raised shares of CoreSite Realty from a “market perform” rating to an “outperform” rating and raised their target price for the company from $132.00 to $152.00 in a research note on Tuesday, February 2nd. Zacks Investment Research downgraded shares of CoreSite Realty from a “hold” rating to a “sell” rating in a research note on Monday, February 8th. Finally, Credit Suisse Group decreased their target price on shares of CoreSite Realty from $161.00 to $156.00 and set an “outperform” rating for the company in a research note on Friday, February 5th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $132.33.

COR opened at $119.77 on Tuesday. The firm has a 50-day simple moving average of $125.14 and a two-hundred day simple moving average of $123.33. CoreSite Realty Co. has a 52 week low of $90.07 and a 52 week high of $141.50. The company has a market capitalization of $5.12 billion, a PE ratio of 59.59, a price-to-earnings-growth ratio of 1.04 and a beta of 0.23. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 16.41.

CoreSite Realty (NYSE:COR) last released its quarterly earnings data on Thursday, February 4th. The real estate investment trust reported $0.46 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.86). CoreSite Realty had a net margin of 13.19% and a return on equity of 51.47%. The company had revenue of $154.90 million for the quarter, compared to the consensus estimate of $153.71 million. During the same period last year, the company earned $1.30 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, sell-side analysts expect that CoreSite Realty Co. will post 5.29 earnings per share for the current year.

CoreSite Realty Profile

CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center, cloud access and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,375 of the world's leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads.

Featured Article: The basics of gap trading strategies

Want to see what other hedge funds are holding COR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreSite Realty Co. (NYSE:COR).

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

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