Institutional Investors Are Selling Coresite Realty Corp (NYSE:COR)

May 17, 2018 - By Robert Sims

CoreSite Realty Corporation (NYSE:COR) Logo

Sentiment for Coresite Realty Corp (NYSE:COR)

Coresite Realty Corp (NYSE:COR) institutional sentiment decreased to 1.26 in 2017 Q4. Its down -0.09, from 1.35 in 2017Q3. The ratio has worsened, as 149 investment managers increased and opened new holdings, while 118 cut down and sold holdings in Coresite Realty Corp. The investment managers in our partner’s database reported: 32.92 million shares, down from 32.93 million shares in 2017Q3. Also, the number of investment managers holding Coresite Realty Corp in their top 10 holdings decreased from 3 to 0 for a decrease of 3. Sold All: 25 Reduced: 93 Increased: 106 New Position: 43.

CoreSite Realty Corporation engages in the ownership, acquisition, construction, and management of data centers. The company has market cap of $4.97 billion. The data centers are specialized and secure buildings that house networking, storage, and communications technology infrastructure, including servers, storage devices, switches, routers, and fiber optic transmission equipment. It has a 55.9 P/E ratio. These buildings provide the power, cooling, and network connectivity to operate this mission-critical equipment.

The stock decreased 2.00% or $2.1 during the last trading session, reaching $102.86. About 117,909 shares traded. CoreSite Realty Corporation (NYSE:COR) has risen 14.60% since May 17, 2017 and is uptrending. It has outperformed by 3.05% the S&P500.

Analysts await CoreSite Realty Corporation (NYSE:COR) to report earnings on July, 26. They expect $1.24 earnings per share, up 12.73 % or $0.14 from last year’s $1.1 per share. COR’s profit will be $59.87M for 20.74 P/E if the $1.24 EPS becomes a reality. After $1.27 actual earnings per share reported by CoreSite Realty Corporation for the previous quarter, Wall Street now forecasts -2.36 % negative EPS growth.

Riggs Asset Managment Co. Inc. holds 2.65% of its portfolio in CoreSite Realty Corporation for 57,809 shares. Hwg Holdings Lp owns 16,618 shares or 1.6% of their US portfolio. Moreover, Green Street Investors Llc has 1.4% invested in the company for 22,200 shares. The Illinois-based Security Capital Research & Management Inc has invested 1.3% in the stock. Payden & Rygel, a California-based fund reported 123,500 shares.

CoreSite Realty Corporation (NYSE:COR) Ratings Coverage

Ratings analysis reveals 82% of Coresite Realty’s analysts are positive. Out of 11 Wall Street analysts rating Coresite Realty, 9 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $105 while the high is $134.0. The stock’s average target of $121.78 is 18.39% above today’s ($102.86) share price. COR was included in 15 notes of analysts from December 6, 2017. The firm has “Neutral” rating by Citigroup given on Friday, February 9. The firm has “Buy” rating given on Thursday, February 8 by Robert W. Baird. Robert W. Baird maintained it with “Buy” rating and $129.0 target in Tuesday, December 19 report. The company was initiated on Tuesday, January 9 by MUFG Securities Americas Inc. RBC Capital Markets maintained CoreSite Realty Corporation (NYSE:COR) rating on Sunday, February 11. RBC Capital Markets has “Buy” rating and $113.0 target. The stock of CoreSite Realty Corporation (NYSE:COR) earned “Buy” rating by Robert W. Baird on Friday, March 9. The stock has “Overweight” rating by KeyBanc Capital Markets on Monday, March 12. The stock of CoreSite Realty Corporation (NYSE:COR) earned “Neutral” rating by Credit Suisse on Friday, February 9. On Thursday, February 8 the stock rating was maintained by Jefferies with “Buy”. The stock of CoreSite Realty Corporation (NYSE:COR) earned “Hold” rating by Credit Suisse on Wednesday, January 17.

More important recent CoreSite Realty Corporation (NYSE:COR) news were published by: Benzinga.com which released: “Jim Cramer Weighs In On Align Technology, Berkshire Hathaway, Symantec And More” on May 15, 2018, also Businesswire.com published article titled: “Annual Global Technology, Media and Communications Conference”, Gurufocus.com published: “Mairs and Power Boosts 5 Positions in 1st Quarter” on May 16, 2018. More interesting news about CoreSite Realty Corporation (NYSE:COR) was released by: Seekingalpha.com and their article: “Dividend Growth Total Return Portfolio Gains In Q1” with publication date: May 02, 2018.

CoreSite Realty Corporation (NYSE:COR) Institutional Positions Chart

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