Teacher Retirement System of Texas lowered its stake in CoreSite Realty Corp (NYSE:COR) by 76.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,667 shares of the real estate investment trust’s stock after selling 37,387 shares during the period. Teacher Retirement System of Texas’ holdings in CoreSite Realty were worth $1,329,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its stake in shares of CoreSite Realty by 4.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,702,550 shares of the real estate investment trust’s stock valued at $190,516,000 after purchasing an additional 70,274 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of CoreSite Realty by 4.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 499,857 shares of the real estate investment trust’s stock valued at $55,932,000 after purchasing an additional 22,342 shares during the period. Atlantic Trust Group LLC acquired a new position in shares of CoreSite Realty in the 3rd quarter valued at $35,764,000. Neuberger Berman Group LLC lifted its stake in shares of CoreSite Realty by 26.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 319,064 shares of the real estate investment trust’s stock valued at $35,703,000 after purchasing an additional 67,201 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of CoreSite Realty by 23.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 214,339 shares of the real estate investment trust’s stock valued at $23,988,000 after purchasing an additional 40,359 shares during the period. 98.31% of the stock is currently owned by institutional investors.
In related news, SVP Steven James Smith sold 2,261 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $106.72, for a total transaction of $241,293.92. Following the sale, the senior vice president now owns 42,915 shares of the company’s stock, valued at approximately $4,579,888.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have purchased 173,000 shares of company stock worth $55,530 and have sold 12,533 shares worth $1,379,689. Company insiders own 1.50% of the company’s stock.
Shares of CoreSite Realty Corp (NYSE COR) opened at $94.25 on Wednesday. The company has a market capitalization of $4,530.00, a price-to-earnings ratio of 51.22, a P/E/G ratio of 1.13 and a beta of 0.33. CoreSite Realty Corp has a 12 month low of $85.73 and a 12 month high of $120.85. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.27 and a current ratio of 0.27.
CoreSite Realty (NYSE:COR) last issued its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.04. The business had revenue of $125.95 million for the quarter, compared to the consensus estimate of $125.71 million. CoreSite Realty had a return on equity of 16.77% and a net margin of 15.54%. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.06 EPS. analysts expect that CoreSite Realty Corp will post 5 earnings per share for the current fiscal year.
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CoreSite Realty Company Profile
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.
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