Cantor Fitzgerald Starts CoreSite Realty (COR) at Buy; Core Execution Critical

Cantor Fitzgerald initiates coverage on CoreSite Realty (NYSE: COR) with a Buy. PT $24.50.

Analyst, Sri Nagarajan, said, "While the core operational risks are higher compared to a well established name such as Digital Realty Trust (NYSE: NYSE: DLR)(SELL), we note that the company has increased portfolio occupancy by about 300 bps since September 2010. Despite less robust (flat) occupancy gains projected in 2012-13, we find COR’s valuation compelling."

For an analyst ratings summary and ratings history on CoreSite Realty click here. For more ratings news on CoreSite Realty click here.

Shares of CoreSite Realty closed at $21.04 yesterday, with a 52 week range of $12.34-$21.13.

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