Brokerage Firm Rating Update on CoreSite Realty Corporation (COR)

CoreSite Realty Corporation (COR) : 5 brokerage houses believe that CoreSite Realty Corporation (COR) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on CoreSite Realty Corporation (COR). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 2.11.

CoreSite Realty Corporation (COR) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $100 and the lowest price target forecast is $70. The average forecast of all the analysts is $87.5 and the expected standard deviation is $11.26.


For the current week, the company shares have a recommendation consensus of Buy. Also, Jefferies maintains its view on CoreSite Realty Corporation (NYSE:COR) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Jefferies lowers the price target from $102 per share to $100 per share on CoreSite Realty Corporation. The rating by the firm was issued on August 11, 2016.

CoreSite Realty Corporation (NYSE:COR): The stock opened at $80.9 and touched an intraday high of $81.51 on Wednesday. During the day, the stock corrected to an intraday low of $80.8, however, the bulls stepped in and pushed the price higher to close in the green at $81.36 with a gain of 0.52% for the day. The total traded volume for the day was 250,975. The stock had closed at $80.94 in the previous trading session.

CoreSite Realty Corporation (CoreSite) is an integrated, self-administered, and self-managed real estate investment trust (REIT). CoreSite, L.P. (Operating Partnership) is a limited partnership of which the Company is the sole general partner. Through its controlling interest in CoreSite, L.P., the Company is engaged in the business of ownership, acquisition, construction and management of data centers across a range of markets in the United States, including the New York; Northern Virginia, which include Washington D.C.; San Francisco Bay areas; Los Angeles; Chicago; Boston; Miami, and Denver. The Company offers its solutions to approximately 800 enterprises, network operators, cloud providers and supporting service providers. The Companys property portfolio includes approximately 16 operating data center facilities, development projects, space and land held for development, which collectively consists of approximately 2.7 million net rentable square feet.

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