Jefferies analyst Jonathan Petersen maintained a Hold rating on QTS Realty Trust (QTS) on November 1 and set a price target of $42. The company’s shares closed on Friday at $39.55.
Petersen commented:
“QTS delivered a good quarter with leasing volumes ahead of expectations and significant progress on the transition of.”
According to TipRanks.com, Petersen is a 5-star analyst with an average return of 9.5% and a 71.4% success rate. Petersen covers the Financial sector, focusing on stocks such as Government Properties Income Trust, First Industrial Realty Trust, and Boston Properties.
QTS Realty Trust has an analyst consensus of Moderate Buy, with a price target consensus of $45.83.
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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 443.3K.
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.
