.png "Coresite Realty (NYSE: COR)")
Jefferies analyst Jonathan Petersen reiterated a Buy rating on Coresite Realty (NYSE: COR) on October 29 and set a price target of $107. The company’s shares closed yesterday at $91.62, close to its 52-week low of $88.37.
According to TipRanks.com, Petersen is a 5-star analyst with an average return of 9.5% and a 70.3% success rate. Petersen covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Highwoods Properties, and Boston Properties.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coresite Realty with a $112.67 average price target, representing a 23.0% upside. 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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Coresite Realty’s market cap is currently $3.16B and has a P/E ratio of 43.22. The company has a Price to Book ratio of 11.97.
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.
