Robert W. Baird analyst Dave Rodgers reiterated a Buy rating on Coresite Realty (NYSE: COR) on October 30 and set a price target of $116. The company’s shares closed yesterday at $93.86.
According to TipRanks.com, Rodgers is a 4-star analyst with an average return of 4.1% and a 62.5% success rate. Rodgers covers the Financial sector, focusing on stocks such as Hudson Pacific Properties, Office Properties Trust, and Landmark Infrastructure.
Currently, the analyst consensus on Coresite Realty is a Moderate Buy with an average price target of $110.90, which is a 18.2% upside from current levels. In a report issued on October 25, MUFG Securities Americas Inc also maintained a Buy rating on the stock with a $113 price target.
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Based on Coresite Realty’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $18.6 million. In comparison, last year the company had a net profit of $17.84 million.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. Last month, Paul Szurek, the President & CEO of COR bought 2,500 shares for a total of $39,950.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
CoreSite Realty Corp. is a real estate investment trust, which engages in the ownership, acquisition, construction and operation of strategically located data centers. The firm also offers collocation and interconnection solutions for networks, cloud services, and industry solutions. The company was founded in 2001 and is headquartered in Denver, CO.
