CoreSite Realty Corporation (COR) Shares are Up 2.98%

CoreSite Realty Corporation (COR) has been under a strong bear grip, hence the stock is down -3.43% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.92% in the past 1 week. The stock has risen by 2.98% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.44% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.44% and the 50-Day Moving Average is 2.34%. CoreSite Realty Corporation (NYSE:COR): stock turned positive on Friday. Though the stock opened at $80.36, the bulls momentum made the stock top out at $83.21 level for the day. The stock recorded a low of $80.31 and closed the trading day at $82.03, in the green by 2.83%. The total traded volume for the day was 1,214,373. The stock had closed at $79.77 in the previous days trading.


The company Insiders own 3.1% of CoreSite Realty Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -8.53% . Institutional Investors own 88.79% of CoreSite Realty Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 2.63%. Also, Equity analysts at the Brokerage firm Jefferies maintains its rating on CoreSite Realty Corporation (NYSE:COR). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Jefferies lowers the price target from $102 per share to $100 per share. The rating by the firm was issued on August 11, 2016.

CoreSite Realty Corporation (CoreSite) is an integrated, self-administered, and self-managed real estate investment trust (REIT). CoreSite, L.P. (Operating Partnership) is a limited partnership of which the Company is the sole general partner. Through its controlling interest in CoreSite, L.P., the Company is engaged in the business of ownership, acquisition, construction and management of data centers across a range of markets in the United States, including the New York; Northern Virginia, which include Washington D.C.; San Francisco Bay areas; Los Angeles; Chicago; Boston; Miami, and Denver. The Company offers its solutions to approximately 800 enterprises, network operators, cloud providers and supporting service providers. The Companys property portfolio includes approximately 16 operating data center facilities, development projects, space and land held for development, which collectively consists of approximately 2.7 million net rentable square feet.

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