Russell Investments Group Ltd. Has $18 Million Position in CoreSite Realty Corporation (NYSE:COR)

Russell Investments Group Ltd. raised its stake in CoreSite Realty Corporation (NYSE:COR) by 47.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 173,980 shares of the real estate investment trust’s stock after buying an additional 55,688 shares during the period. Russell Investments Group Ltd. owned approximately 0.51% of CoreSite Realty Corporation worth $17,998,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of COR. Creative Planning raised its position in shares of CoreSite Realty Corporation by 129.2% in the first quarter. Creative Planning now owns 2,292 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 1,292 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of CoreSite Realty Corporation during the first quarter valued at $233,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of CoreSite Realty Corporation during the first quarter valued at $722,000. State of Tennessee Treasury Department raised its position in shares of CoreSite Realty Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 31,850 shares of the real estate investment trust’s stock valued at $2,868,000 after buying an additional 4,807 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD acquired a new position in shares of CoreSite Realty Corporation during the first quarter valued at $6,154,000.

CoreSite Realty Corporation (NYSE COR) traded up 0.21% on Friday, hitting $110.11. The stock had a trading volume of 338,094 shares. CoreSite Realty Corporation has a one year low of $64.81 and a one year high of $113.55. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 63.35 and a beta of 0.57. The company’s 50-day moving average price is $106.31 and its 200 day moving average price is $97.99.

CoreSite Realty Corporation (NYSE:COR) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. CoreSite Realty Corporation had a net margin of 15.15% and a return on equity of 14.14%. The firm had revenue of $117.89 million during the quarter, compared to analysts’ expectations of $117.32 million. During the same period in the prior year, the company earned $0.89 EPS. The firm’s revenue was up 22.7% on a year-over-year basis. Analysts expect that CoreSite Realty Corporation will post $1.83 earnings per share for the current year.

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COR has been the subject of several analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $119.00 price objective on shares of CoreSite Realty Corporation in a research report on Tuesday, July 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $110.00 price objective on shares of CoreSite Realty Corporation in a research report on Thursday, June 8th. Citigroup Inc. lowered CoreSite Realty Corporation from a “buy” rating to a “neutral” rating and set a $103.00 price objective for the company. in a research report on Wednesday, May 3rd. Credit Suisse Group initiated coverage on CoreSite Realty Corporation in a research report on Friday, June 30th. They issued a “neutral” rating and a $103.00 price objective for the company. Finally, Zacks Investment Research upgraded CoreSite Realty Corporation from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research report on Wednesday, June 28th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $98.00.

In related news, CFO Jeffrey S. Finnin sold 8,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $110.74, for a total transaction of $885,920.00. Following the completion of the sale, the chief financial officer now directly owns 110,493 shares of the company’s stock, valued at approximately $12,235,994.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Derek Mccandless sold 10,000 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $105.48, for a total transaction of $1,054,800.00. Following the sale, the senior vice president now directly owns 49,713 shares of the company’s stock, valued at $5,243,727.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,000 shares of company stock valued at $3,048,120. 3.10% of the stock is owned by corporate insiders.

About CoreSite Realty Corporation

CoreSite Realty Corporation (CoreSite) is an integrated, self-administered and self-managed real estate investment trust. The Company, through its controlling interest in CoreSite, L.P., 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, New York and San Francisco Bay areas, Chicago, Los Angeles, Boston, Miami and Denver.

Institutional Ownership by Quarter for CoreSite Realty Corporation (NYSE:COR)

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