UPDATE: Cantor Fitzgerald Reiterates Hold Rating, Raises PT on CoreSite Realty

In a report published Wednesday, Cantor Fitzgerald reiterated its Hold rating on CoreSite Realty

, and slightly raised its price target from $28.00 to $28.50. Cantor Fitzgerald noted, “We adjust our 2012/2013 FFO/sh. ests. to $1.53/$1.68 from $1.50/$1.71, respectively, versus current consensus estimates of $1.52/$1.72. We adjust our 2012/2013 AFFO/sh. ests. to $1.36 and $1.67, respectively. Our updated NAV/sh. est. is $27.40, an increase of $0.70 largely due to higher NOI. Unlevered/levered 10-yr IRRs are 11.4%/16.6%, unchanged from our prior hurdles. We are revising our price target to $28.50 from $28.00 due to our higher NAV estimate.” CoreSite Realty closed on Tuesday at $25.72.