Coresite Realty Corp (COR) Files Form 4 Insider Selling : Derek Mccandless Sells 635 Shares

Coresite Realty Corp (COR): Derek Mccandless , SVP, Legal and General Counsel of Coresite Realty Corp sold 635 shares on Apr 7, 2016. The Insider selling transaction was disclosed on Apr 11, 2016 to the Securities and Exchange Commission. The shares were sold at $70.78 per share for a total value of $44,946.38.

Company has been under the radar of several Street Analysts.CoreSite Realty Corp is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $64 .The Rating was issued on Feb 16, 2016.

Currently the company Insiders own 5% of CoreSite Realty Corp shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by 8.47%.Institutional Investors own 95.91% of CoreSite Realty Corp shares.During last six month period, the net percent change held by insiders has seen a change of 4.14%.

CoreSite Realty Corp: On Monday, Apr 11, 2016 heightened volatility was witnessed in CoreSite Realty Corp which led to swings in the share price. The shares opened for trading at $71.06 and hit $71.17 on the upside , eventually ending the session at $70.84, with a gain of 0.13% or 0.09 points. The heightened volatility saw the trading volume jump to 1,78,079 shares. The 52-week high of the share price is $71.34 and the company has a market cap of $2,171 M . The 52-week low of the share price is at $44.51.

CoreSite Realty Corp Money Flow Index Chart

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 Company’s 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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