Coresite Realty Gets a Hold Rating from Stifel Nicolaus


In a report released yesterday, Erik Rasmussen from Stifel Nicolaus maintained a Hold rating on Coresite Realty (NYSE: COR), with a price target of $115. The company’s shares closed yesterday at $113.10.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coresite Realty with a $114.25 average price target.

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Based on Coresite Realty’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $20.3 million. In comparison, last year the company had a net profit of $17.73 million.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock.

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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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