Today: Macquarie Group Ltd. Buys 174,834 Shares of CoreSite Realty Corp. (COR)

Today: Macquarie Group Ltd. Buys 174,834  Shares of CoreSite Realty Corp. (COR)

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

Other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue raised its position 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 valued at $299,000 after buying an additional 50 shares in the last quarter. Miles Capital Inc. raised its position in shares of CoreSite Realty Corp. by 1.4% in the second quarter. Miles Capital Inc. now owns 4,953 shares of the real estate investment trust’s stock valued at $439,000 after buying an additional 70 shares in the last quarter. American International Group Inc. raised its position in shares of CoreSite Realty Corp. by 0.3% in the second quarter. American International Group Inc. now owns 24,447 shares of the real estate investment trust’s stock valued at $2,168,000 after buying an additional 84 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of CoreSite Realty Corp. by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the real estate investment trust’s stock valued at $1,197,000 after buying an additional 100 shares in the last quarter. Finally, PineBridge Investments L.P. raised its position in shares of CoreSite Realty Corp. by 4.6% in the second quarter. PineBridge Investments L.P. now owns 3,870 shares of the real estate investment trust’s stock valued at $343,000 after buying an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

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

CoreSite Realty Corp. (NYSE:COR) last announced its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $0.91 by $0.01. The firm 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%. CoreSite Realty Corp.’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. Analysts expect that CoreSite Realty Corp. will post $3.63 EPS for the current year.

Several equities research analysts have commented on COR shares. Jefferies Group cut their price objective on CoreSite Realty Corp. from $102.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, August 11th. Zacks Investment Research lowered CoreSite Realty Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 25th. Stifel Nicolaus upgraded CoreSite Realty Corp. from a “sell” rating to a “hold” rating and set a $75.00 price objective for the company in a research note on Monday, October 3rd. Raymond James Financial Inc. started coverage on CoreSite Realty Corp. in a research note on Friday, October 7th. They set a “market perform” rating for the company. Finally, Cowen and Company upgraded CoreSite Realty Corp. from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Tuesday, October 11th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average 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.

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