As Coresite Rlty Corp (COR) Shares Rose, Holder Friedberg Investment Management Decreased Its Holding by $8.50 Million

January 16, 2018 - By Darrin Black

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.14, from 1.21 in 2017Q2. It improved, as 31 investors sold COR shares while 85 reduced holdings. 63 funds opened positions while 94 raised stakes. 32.93 million shares or 0.05% more from 32.91 million shares in 2017Q2 were reported. Pacad Invest holds 3,900 shares or 0.1% of its portfolio. Hsbc Public Limited Co holds 0% or 2,174 shares in its portfolio. Sumitomo Mitsui Asset Mngmt holds 73,632 shares. Qs Investors Limited Liability Company accumulated 0.02% or 25,310 shares. Somerset Trust Communication accumulated 0.42% or 7,026 shares. 6,028 are held by Tiedemann Wealth Mngmt Lc. Robeco Institutional Asset Bv owns 55,000 shares or 0.04% of their US portfolio. Ing Groep Nv has 0.01% invested in CoreSite Realty Corporation (NYSE:COR). Cornerstone Cap Management Hldgs Limited, New York-based fund reported 16,633 shares. Us Commercial Bank De owns 1,599 shares or 0% of their US portfolio. Etrade Cap Mgmt Ltd Liability stated it has 10,442 shares or 0.04% of all its holdings. Laurion Capital Mgmt Ltd Partnership reported 4,800 shares. Oakbrook Limited Com invested in 0.01% or 1,875 shares. Farmers & Merchants Invests stated it has 0% in CoreSite Realty Corporation (NYSE:COR). Invesco Ltd has invested 0% in CoreSite Realty Corporation (NYSE:COR).

Friedberg Investment Management decreased its stake in Coresite Rlty Corp (COR) by 69.45% based on its latest 2017Q3 regulatory filing with the SEC. Friedberg Investment Management sold 76,553 shares as the company’s stock rose 15.80% with the market. The institutional investor held 33,680 shares of the real estate investment trusts company at the end of 2017Q3, valued at $3.77 million, down from 110,233 at the end of the previous reported quarter. Friedberg Investment Management who had been investing in Coresite Rlty Corp for a number of months, seems to be less bullish one the $5.16B market cap company. The stock increased 1.54% or $1.63 during the last trading session, reaching $107.3. About 372,895 shares traded or 2.11% up from the average. CoreSite Realty Corporation (NYSE:COR) has risen 35.38% since January 16, 2017 and is uptrending. It has outperformed by 18.68% the S&P500.

Analysts await CoreSite Realty Corporation (NYSE:COR) to report earnings on February, 8. They expect $1.14 earnings per share, up 7.55 % or $0.08 from last year’s $1.06 per share. COR’s profit will be $54.81 million for 23.53 P/E if the $1.14 EPS becomes a reality. After $1.10 actual earnings per share reported by CoreSite Realty Corporation for the previous quarter, Wall Street now forecasts 3.64 % EPS growth.

More notable recent CoreSite Realty Corporation (NYSE:COR) news were published by: Businesswire.com which released: “CoreSite Realty Corporation Schedules Third-Quarter 2017 Earnings Release and …” on September 28, 2017, also Nasdaq.com with their article: “Ex-Dividend Reminder: CoreSite Realty, KKR Real Estate Finance Trust and …” published on December 26, 2017, Seekingalpha.com published: “CoreSite Versus Tanger Outlet: Rising Star Versus Falling Knife” on August 18, 2017. More interesting news about CoreSite Realty Corporation (NYSE:COR) were released by: Businesswire.com and their article: “CoreSite Realty Corporation Increases Fourth-Quarter 2017 Common Stock …” published on December 07, 2017 as well as Businesswire.com‘s news article titled: “CoreSite Realty Corporation Schedules Fourth-Quarter 2017 Earnings Release and …” with publication date: January 04, 2018.

CoreSite Realty Corporation (NYSE:COR) Ratings Coverage

Among 20 analysts covering CoreSite Realty (NYSE:COR), 11 have Buy rating, 0 Sell and 9 Hold. Therefore 55% are positive. CoreSite Realty had 52 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, June 8 with “Buy”. As per Tuesday, August 25, the company rating was upgraded by Jefferies. Stifel Nicolaus downgraded CoreSite Realty Corporation (NYSE:COR) on Monday, July 11 to “Sell” rating. The rating was maintained by Robert W. Baird on Tuesday, December 19 with “Buy”. SunTrust maintained the shares of COR in report on Wednesday, December 6 with “Buy” rating. The company was maintained on Thursday, August 11 by Jefferies. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, September 13. The firm has “Hold” rating by J.P. Morgan given on Monday, September 25. Jefferies maintained CoreSite Realty Corporation (NYSE:COR) on Monday, July 24 with “Buy” rating. The firm has “Hold” rating by KeyBanc Capital Markets given on Monday, September 11.

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