CoreSite Realty Corp (COR) : Riggs Asset Managment reduced its stake in CoreSite Realty Corp by 1.34% during the most recent quarter end. The investment management company now holds a total of 84,138 shares of CoreSite Realty Corp which is valued at $6.4 Million after selling 1,142 shares in CoreSite Realty Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.CoreSite Realty Corp makes up approximately 4.67% of Riggs Asset Managment’s portfolio.
Other Hedge Funds, Including , First Foundation Advisors boosted its stake in COR in the latest quarter, The investment management firm added 1,490 additional shares and now holds a total of 9,411 shares of CoreSite Realty Corp which is valued at $721,353. CoreSite Realty Corp makes up approx 0.05% of First Foundation Advisors’s portfolio.Manufacturers Life Insurance Company The reduced its stake in COR by selling 670 shares or 3.56% in the most recent quarter. The Hedge Fund company now holds 18,141 shares of COR which is valued at $1.4 Million. Penserra Capital Management added COR to its portfolio by purchasing 21,458 company shares during the most recent quarter which is valued at $1.6 Million. CoreSite Realty Corp makes up approx 0.24% of Penserra Capital Management’s portfolio.First Trust Advisors Lp reduced its stake in COR by selling 26,053 shares or 39.17% in the most recent quarter. The Hedge Fund company now holds 40,465 shares of COR which is valued at $3.1 Million. CoreSite Realty Corp makes up approx 0.01% of First Trust Advisors Lp’s portfolio. Farmers Merchants Investments Inc added COR to its portfolio by purchasing 106 company shares during the most recent quarter which is valued at $8,263.
CoreSite Realty Corp closed down -0.15 points or -0.20% at $75.32 with 6,92,015 shares getting traded on Wednesday. Post opening the session at $75.36, the shares hit an intraday low of $74.77 and an intraday high of $75.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.