Coresite Realty (COR) Receives a Hold from Stifel Nicolaus


In a report issued on October 25, Erik Rasmussen from Stifel Nicolaus reiterated a Hold rating on Coresite Realty (NYSE: COR), with a price target of $107. The company’s shares closed on Friday at $92.57, close to its 52-week low of $89.76.

According to TipRanks.com, Rasmussen is ranked #4215 out of 4874 analysts.

Currently, the analyst consensus on Coresite Realty is a Moderate Buy with an average price target of $113, representing a 22.1% upside. In a report issued on October 17, BMO Capital also reiterated a Hold rating on the stock with a $111 price target.

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The company has a one-year high of $119.59 and a one-year low of $89.76. Currently, Coresite Realty has an average volume of 364.1K.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Carlyle Realty , Gp, L.L.C., a Major Shareholder at COR sold 2,250,000 shares for a total of $251,797,500.

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.

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