Jefferies Boosts Numbers on CoreSite Realty (COR) After Q4

Jefferies raised estimates and its price target on Buy-rated CoreSite Realty (NYSE: COR) from $21 to $24 following solid Q4 results, with FFO beating estimates by $0.01 and issuing 2012 guidance that was $0.05 above consensus.

The firm comments, "The company remains our favorite small-cap REIT investment idea, as we expect annual FFO/sh growth of about 20% through 2013, driven by development and internal growth as COR benefits from strong data center market fundamentals."

FY12 FFO estimates go from $1.37 to $1.47 and FY13 from $1.65 to $1.74.

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 $21.27 yesterday.

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