Jefferies analyst Omotayo Okusanya reiterated a Hold rating on QTS Realty Trust (NYSE: QTS) yesterday and set a price target of $40. The company’s shares closed yesterday at $41.14.
According to TipRanks.com, Okusanya is a 4-star analyst with an average return of 7.5% and a 60.8% success rate. Okusanya covers the Financial sector, focusing on stocks such as Easterly Government Properties, NexPoint Residential Trust Inc, and DCT Industrial Trust Inc.
QTS Realty Trust has an analyst consensus of Hold, with a price target consensus of $42.40.
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Based on QTS Realty Trust’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $481K. In comparison, last year the company had a net profit of $4.04 million.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of QTS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
