CoreSite Realty Corp (COR) : Friedberg Investment Management reduced its stake in CoreSite Realty Corp by 2.32% during the most recent quarter end. The investment management company now holds a total of 110,390 shares of CoreSite Realty Corp which is valued at $8,271,523 after selling 2,620 shares in CoreSite Realty Corp , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.CoreSite Realty Corp makes up approximately 4.05% of Friedberg Investment Management’s portfolio.
CoreSite Realty Corp opened for trading at $74.93 and hit $76.69 on the upside on Monday, eventually ending the session at $76.29, with a gain of 1.82% or 1.36 points. The heightened volatility saw the trading volume jump to 5,12,340 shares. Company has a market cap of $2,358 M.
Other Hedge Funds, Including , Texas Permanent School Fund reduced its stake in COR by selling 1,119 shares or 4.4% in the most recent quarter. The Hedge Fund company now holds 24,291 shares of COR which is valued at $1,820,125. CoreSite Realty Corp makes up approx 0.02% of Texas Permanent School Fund’s portfolio. Wespac Advisors sold out all of its stake in COR during the most recent quarter. The investment firm sold 22,842 shares of COR which is valued $1,711,551.Louisiana State Employees Retirement System reduced its stake in COR by selling 100 shares or 0.74% in the most recent quarter. The Hedge Fund company now holds 13,400 shares of COR which is valued at $1,004,062. CoreSite Realty Corp makes up approx 0.05% of Louisiana State Employees Retirement System’s portfolio. Burt Wealth Advisors added COR to its portfolio by purchasing 250 company shares during the most recent quarter which is valued at $18,733. CoreSite Realty Corp makes up approx 0.02% of Burt Wealth Advisors’s portfolio.Central Trust Co boosted its stake in COR in the latest quarter, The investment management firm added 518 additional shares and now holds a total of 857 shares of CoreSite Realty Corp which is valued at $60,924.
On the company’s financial health, CoreSite Realty Corp reported $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.82. The company had revenue of $92.48 million for the quarter, compared to analysts expectations of $93.53 million. The company’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.
Many Wall Street Analysts have commented on CoreSite Realty Corp. Company shares were Reiterated by RBC Capital Mkts on Feb 16, 2016 to “Outperform”, Firm has raised the Price Target to $ 70 from a previous price target of $64 .
CoreSite Realty Corporation (CoreSite) is an integrated self-administered and self-managed real estate investment trust (REIT). CoreSite L.P. (Operating Partnership) is a limited partnership of which the Company is the sole general partner. Through its controlling interest in CoreSite L.P. the Company is engaged in the business of ownership acquisition construction and management of data centers across a range of markets in the United States including the New York; Northern Virginia which include Washington D.C.; San Francisco Bay areas; Los Angeles; Chicago; Boston; Miami and Denver. The Company offers its solutions to approximately 800 enterprises network operators cloud providers and supporting service providers. The Company’s property portfolio includes approximately 16 operating data center facilities development projects space and land held for development which collectively consists of approximately 2.7 million net rentable square feet.