Raymond James analyst Frank Louthan reiterated a Hold rating on QTS Realty Trust (NYSE: QTS) today. The company’s shares opened today at $44.48.
According to TipRanks.com, Louthan is a 4-star analyst with an average return of 6.3% and a 63.2% success rate. Louthan covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, Consolidated Comms, and GTT Communications.
QTS Realty Trust has an analyst consensus of Moderate Buy, with a price target consensus of $45.88, which is a 3.1% upside from current levels. In a report issued on August 8, Credit Suisse also upgraded the stock to Hold with a $42 price target.
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The company has a one-year high of $61.55 and a one-year low of $31.58. Currently, QTS Realty Trust has an average volume of 579.6K.
Based on the recent corporate insider activity of 69 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.
