CoreSite Realty Corp (COR) : Palisade Capital Managementnj reduced its stake in CoreSite Realty Corp by 0.87% during the most recent quarter end. The investment management company now holds a total of 232,923 shares of CoreSite Realty Corp which is valued at $18,652,474 after selling 2,040 shares in CoreSite Realty Corp , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.CoreSite Realty Corp makes up approximately 0.79% of Palisade Capital Managementnj’s portfolio.
Other Hedge Funds, Including , Mizuho Trust Banking Ltd. boosted its stake in COR in the latest quarter, The investment management firm added 251 additional shares and now holds a total of 5,875 shares of CoreSite Realty Corp which is valued at $470,470.Integrated Wealth Management reduced its stake in COR by selling 330 shares or 30.0% in the most recent quarter. The Hedge Fund company now holds 770 shares of COR which is valued at $61,662. CoreSite Realty Corp makes up approx 0.02% of Integrated Wealth Management’s portfolio.Pitcairn Co reduced its stake in COR by selling 288 shares or 8.2% in the most recent quarter. The Hedge Fund company now holds 3,224 shares of COR which is valued at $272,815. CoreSite Realty Corp makes up approx 0.03% of Pitcairn Co’s portfolio. Eagle Asset Management Inc added COR to its portfolio by purchasing 39,685 company shares during the most recent quarter which is valued at $3,384,734. CoreSite Realty Corp makes up approx 0.02% of Eagle Asset Management Inc’s portfolio. Americafirst Capital Management sold out all of its stake in COR during the most recent quarter. The investment firm sold 3,487 shares of COR which is valued $297,406.
CoreSite Realty Corp closed down -1.5 points or -1.88% at $78.16 with 5,96,473 shares getting traded on Monday. Post opening the session at $79.26, the shares hit an intraday low of $78.1 and an intraday high of $79.79 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, CoreSite Realty Corp reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.85. The company had revenue of $96.10 million for the quarter, compared to analysts expectations of $96.05 million. The company’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.
Many Wall Street Analysts have commented on CoreSite Realty Corp. Shares were Reiterated by Stifel on Jul 29, 2016 to “Sell” and Lowered the Price Target to $ 75 from a previous price target of $79 .Stifel Downgraded CoreSite Realty Corp on Jul 11, 2016 to ” Sell”, Price Target of the shares are set at $79.Canaccord Genuity Initiated CoreSite Realty Corp on Jun 7, 2016 to “Buy”, Price Target of the shares are set at $92.
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.