KeyBanc Sticks to Its Hold Rating for Coresite Realty

KeyBanc analyst Jordan Sadler reiterated a Hold rating on Coresite Realty (NYSE: COR) on November 15. The company’s shares closed on Friday at $114.97, close to its 52-week high of $120.85.

According to TipRanks.com, Sadler is a 4-star analyst with an average return of 3.8% and a 58.5% success rate. Sadler covers the Financial sector, focusing on stocks such as Apartment Investment & Management, National Storage Affiliates Trust, and Retail Properties of America Inc.

Coresite Realty has an analyst consensus of Moderate Buy, with a price target consensus of $116.88.

Based on Coresite Realty’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $123 million and quarterly net profit of $17.84 million. In comparison, last year the company earned revenue of $101 million and had a net profit of $14.26 million.

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CoreSite Realty Corp. is a real estate investment trust, which engages in the business of data center ownership, acquisition, construction, and operation. Its data center comprises of house networking, storage, and communications technology infrastructure, including servers, storage devices, switches routers, and fabric optic transmission equipment.

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