CoreSite Realty Corporation (COR) Receives Analyst Rating

CoreSite Realty Corporation (COR) : 5 brokerage houses believe that CoreSite Realty Corporation (COR) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on CoreSite Realty Corporation (COR). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 2.11.

CoreSite Realty Corporation (COR) : The highest short term price target forecast on CoreSite Realty Corporation (COR) is $100 and the lowest target price is $70. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $87.5 with a standard deviation of $11.26.


Also, Equity Analysts at the Jefferies maintains the rating on CoreSite Realty Corporation (NYSE:COR). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency lowers the price target from $102 per share to $100 per share. The rating by the firm was issued on August 11, 2016.

CoreSite Realty Corporation (NYSE:COR): After opening at $75.34, the stock dipped to an intraday low of $75.1 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $76.16 and the buying power remained strong till the end. The stock closed at $75.59 for the day, a gain of 0.21% for the day session. The total traded volume was 627,817. The stocks close on the previous trading day was $75.43.

CoreSite Realty Corporation (CoreSite) is an integrated, self-administered, and self-managed real estate investment trust (REIT). CoreSite, L.P. (Operating Partnership) is a limited partnership of which the Company is the sole general partner. Through its controlling interest in CoreSite, L.P., the Company is engaged in the business of ownership, acquisition, construction and management of data centers across a range of markets in the United States, including the New York; Northern Virginia, which include Washington D.C.; San Francisco Bay areas; Los Angeles; Chicago; Boston; Miami, and Denver. The Company offers its solutions to approximately 800 enterprises, network operators, cloud providers and supporting service providers. The Companys property portfolio includes approximately 16 operating data center facilities, development projects, space and land held for development, which collectively consists of approximately 2.7 million net rentable square feet.

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