Hill Winds Capital LP Cuts Stock Position in CoreSite Realty Corp (NYSE:COR)

Hill Winds Capital LP cut its position in CoreSite Realty Corp (NYSE:COR) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,500 shares of the real estate investment trust’s stock after selling 3,500 shares during the quarter. CoreSite Realty makes up approximately 3.0% of Hill Winds Capital LP’s investment portfolio, making the stock its 16th largest holding. Hill Winds Capital LP owned about 0.10% of CoreSite Realty worth $4,429,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in COR. CWM LLC purchased a new position in shares of CoreSite Realty in the 4th quarter worth approximately $26,000. Knuff & Co LLC purchased a new stake in CoreSite Realty during the third quarter valued at approximately $31,000. Cullen Frost Bankers Inc. lifted its position in CoreSite Realty by 459.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 302 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 248 shares during the last quarter. Great Diamond Partners LLC acquired a new stake in CoreSite Realty in the fourth quarter valued at approximately $40,000. Finally, Quadrant Capital Group LLC boosted its stake in CoreSite Realty by 83.0% in the fourth quarter. Quadrant Capital Group LLC now owns 421 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 191 shares in the last quarter. 92.63% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on COR. JPMorgan Chase & Co. reduced their price target on CoreSite Realty from to in a research report on Thursday, January 23rd. Wells Fargo & Co lowered their price objective on CoreSite Realty from $120.00 to $115.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Zacks Investment Research downgraded CoreSite Realty from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 12th. Bank of America lowered CoreSite Realty from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $130.00 to $100.00 in a research report on Tuesday, February 11th. Finally, Raymond James increased their price target on CoreSite Realty from $110.00 to $128.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. CoreSite Realty has an average rating of “Hold” and a consensus price target of $113.44.

Shares of NYSE:COR traded down $7.95 on Thursday, hitting $104.33. 465,957 shares of the company were exchanged, compared to its average volume of 387,341. CoreSite Realty Corp has a 1-year low of $99.94 and a 1-year high of $123.68. The stock’s 50 day moving average price is $115.32 and its 200 day moving average price is $115.33. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 6.91. The firm has a market capitalization of $4.25 billion, a P/E ratio of 50.89, a price-to-earnings-growth ratio of 1.04 and a beta of 0.48.

CoreSite Realty (NYSE:COR) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.80). The firm had revenue of $146.00 million during the quarter, compared to analyst estimates of $148.17 million. CoreSite Realty had a net margin of 13.24% and a return on equity of 29.18%. CoreSite Realty’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 earnings per share. On average, equities analysts predict that CoreSite Realty Corp will post 5.16 EPS for the current fiscal year.

In other news, SVP Maile Kaiser sold 2,200 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $111.44, for a total value of $245,168.00. Following the transaction, the senior vice president now directly owns 12,945 shares of the company’s stock, valued at $1,442,590.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

CoreSite Realty Company Profile

CoreSite Realty Corporation (NYSE:COR) delivers secure, reliable, high-performance data center and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,350 of the world's leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect and optimize their performance-sensitive data, applications and computing workloads.

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

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