In a report released today, Ari Klein from BMO Capital maintained a Buy rating on QTS Realty Trust (NYSE: QTS), with a price target of $51. The company’s shares opened today at $38.12.
According to TipRanks.com, Klein is a 1-star analyst with an average return of -6.7% and a 20.0% success rate. Klein covers the Financial sector, focusing on stocks such as Coresite Realty, Digital Realty, and CyrusOne.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for QTS Realty Trust with a $45.50 average price target, representing a 19.4% upside. In a report issued on October 23, Berenberg Bank also upgraded the stock to Buy with a $52 price target.
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Based on QTS Realty Trust’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $5.66 million. In comparison, last year the company had a net profit of $6.51 million.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is neutral on the stock.
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QTS Realty Trust, Inc. engages in the provision of data center and portfolio of IT solutions. Its solutions include hyperscale; managed services; connectivity; hybrid colocation; cloud solutions; enterprise; government; IT and digital media; financial services; and healthcare. The company was founded on May 17, 2013 and is headquartered in Overland Park, KS.
