Jefferies analyst Jonathan Petersen downgraded Coresite Realty (COR) to Hold today and set a price target of $102. The company’s shares closed on Friday at $97.19.
According to TipRanks.com, Petersen is a 5-star analyst with an average return of 9.7% and a 72.4% success rate. Petersen covers the Financial sector, focusing on stocks such as Government Properties Income Trust, First Industrial Realty Trust, and Office Properties Trust.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coresite Realty with a $110.22 average price target.
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The company has a one-year high of $118.90 and a one-year low of $88.37. Currently, Coresite Realty has an average volume of 370.4K.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of COR in relation to earlier this year. Most recently, in October 2018, 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.
