CoreSite Realty Corp (COR) : Duff Phelps Investment Management Co scooped up 78,388 additional shares in CoreSite Realty Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 516,188 shares of CoreSite Realty Corp which is valued at $40,004,570.CoreSite Realty Corp makes up approximately 0.58% of Duff Phelps Investment Management Co’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in COR by selling 550 shares or 42.64% in the most recent quarter. The Hedge Fund company now holds 740 shares of COR which is valued at $57,121.Creative Planning reduced its stake in COR by selling 58 shares or 23.2% in the most recent quarter. The Hedge Fund company now holds 192 shares of COR which is valued at $14,200.Cutler Group Lp boosted its stake in COR in the latest quarter, The investment management firm added 2,266 additional shares and now holds a total of 3,024 shares of CoreSite Realty Corp which is valued at $222,294. CoreSite Realty Corp makes up approx 0.01% of Cutler Group Lp’s portfolio.Eqis Capital Management reduced its stake in COR by selling 1,712 shares or 10.43% in the most recent quarter. The Hedge Fund company now holds 14,695 shares of COR which is valued at $1,060,244. CoreSite Realty Corp makes up approx 0.07% of Eqis Capital Management’s portfolio.
CoreSite Realty Corp opened for trading at $77.36 and hit $78.03 on the upside on Friday, eventually ending the session at $77.5, with a gain of 0.40% or 0.31 points. The heightened volatility saw the trading volume jump to 5,04,991 shares. Company has a market cap of $2,629 M.
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. CoreSite Realty Corp was Initiated by Raymond James to “Mkt Perform” on Oct 7, 2016. Stifel Upgraded CoreSite Realty Corp on Oct 3, 2016 to ” Hold”, Price Target of the shares are set at $75.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 .
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.