What’s Propelling Coresite Realty Corporation (NYSE:COR) After Lower Shorts Reported?

May 23, 2018 - By Michael Collier

CoreSite Realty Corporation (NYSE:COR) Logo

Investors sentiment decreased to 1.26 in Q4 2017. Its down 0.09, from 1.35 in 2017Q3. It turned negative, as 25 investors sold CoreSite Realty Corporation shares while 93 reduced holdings. 43 funds opened positions while 106 raised stakes. 32.92 million shares or 0.00% less from 32.93 million shares in 2017Q3 were reported.
78,256 were reported by Axiom International Ltd Liability De. Renaissance Technologies Lc invested in 737,500 shares. Nomura Asset Mngmt Ltd has invested 0.03% in CoreSite Realty Corporation (NYSE:COR). Bnp Paribas Asset Mngmt Holding holds 47,557 shares. Winfield Assocs Inc accumulated 37 shares or 0% of the stock. Strs Ohio reported 0.02% of its portfolio in CoreSite Realty Corporation (NYSE:COR). Moreover, First Advisors Limited Partnership has 0.03% invested in CoreSite Realty Corporation (NYSE:COR). Legal & General Gru Public Limited Liability Co holds 0% or 34,506 shares. Northern Tru holds 307,236 shares. Virginia Retirement System Et Al invested in 17,900 shares or 0.02% of the stock. Riverhead Cap Mngmt Limited Liability stated it has 0.02% in CoreSite Realty Corporation (NYSE:COR). D E Shaw Company Incorporated stated it has 0% of its portfolio in CoreSite Realty Corporation (NYSE:COR). Comerica accumulated 0.15% or 10,291 shares. Sg Americas Securities Ltd Limited Liability Company invested in 11,267 shares or 0.01% of the stock. Intrust State Bank Na has 0.06% invested in CoreSite Realty Corporation (NYSE:COR).

The stock of Coresite Realty Corporation (NYSE:COR) registered a decrease of 7.37% in short interest. COR’s total short interest was 2.50 million shares in May as published by FINRA. Its down 7.37% from 2.70 million shares, reported previously. With 376,400 shares average volume, it will take short sellers 7 days to cover their COR’s short positions. The short interest to Coresite Realty Corporation’s float is 12.61%.

The stock increased 1.49% or $1.52 during the last trading session, reaching $103.69. About 165,176 shares traded. CoreSite Realty Corporation (NYSE:COR) has risen 14.60% since May 23, 2017 and is uptrending. It has outperformed by 3.05% the S&P500.

CoreSite Realty Corporation engages in the ownership, acquisition, construction, and management of data centers. The company has market cap of $5.01 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 53.17 P/E ratio. These buildings provide the power, cooling, and network connectivity to operate this mission-critical equipment.

CoreSite Realty Corporation (NYSE:COR) Ratings Coverage

Among 11 analysts covering Coresite Realty (NYSE:COR), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Coresite Realty had 15 analyst reports since December 6, 2017 according to SRatingsIntel. Credit Suisse maintained CoreSite Realty Corporation (NYSE:COR) on Friday, April 27 with “Neutral” rating. On Friday, February 9 the stock rating was maintained by Credit Suisse with “Neutral”. As per Wednesday, January 17, the company rating was maintained by Credit Suisse. The company was maintained on Friday, February 9 by Citigroup. As per Sunday, February 11, the company rating was maintained by RBC Capital Markets. The stock has “Buy” rating by SunTrust on Wednesday, December 6. The stock of CoreSite Realty Corporation (NYSE:COR) earned “Buy” rating by MUFG Securities Americas Inc on Tuesday, January 9. The stock has “Outperform” rating by Raymond James on Monday, March 12. The firm has “Buy” rating given on Friday, March 9 by Robert W. Baird. The firm has “Buy” rating by Jefferies given on Thursday, February 8.

More recent CoreSite Realty Corporation (NYSE:COR) news were published by: Globenewswire.com which released: “Analysis: Positioning to Benefit within Raven Industries, First Financial Bankshares, Smart, ADT, CoreSite Realty, and …” on May 23, 2018. Also Seekingalpha.com published the news titled: “Dividend Growth Total Return Portfolio Gains In Q1” on May 02, 2018. Businesswire.com‘s news article titled: “Annual Global Technology, Media and Communications Conference” with publication date: May 09, 2018 was also an interesting one.

CoreSite Realty Corporation (NYSE:COR) Institutional Positions Chart

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