Coresite Realty (COR) Receives a Hold from Cowen & Co.

By Jason Carr

In a report issued on February 8, Colby Synesael from Cowen & Co. reiterated a Hold rating on Coresite Realty (CORResearch Report), with a price target of $106. The company’s shares closed on Friday at $100.02.

According to TipRanks.com, Synesael is a top 100 analyst with an average return of 15.0% and a 77.9% success rate. Synesael covers the Technology sector, focusing on stocks such as Zayo Group Holdings, GDS Holdings Ltd, and Sprint Corp.

Coresite Realty has an analyst consensus of Hold, with a price target consensus of $104.80, which is a 4.8% upside from current levels. In a report issued on January 31, Guggenheim also reiterated a Hold rating on the stock with a $100 price target.

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The company has a one-year high of $117.82 and a one-year low of $82.64. Currently, Coresite Realty has an average volume of 360K.

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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.