In a report released today, Jonathan Atkin from RBC Capital reiterated a Buy rating on QTS Realty Trust (NYSE: QTS), with a price target of $49. The company’s shares closed yesterday at $44.34.
According to TipRanks.com, Atkin is a top 25 analyst with an average return of 17.0% and a 81.2% success rate. Atkin covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, Interxion Holding NV, and GDS Holdings Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for QTS Realty Trust with a $45.88 average price target, a 3.5% upside from current levels. In a report issued on August 2, Raymond James also upgraded the stock to Buy.
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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 601.2K.
Based on the recent corporate insider activity of 73 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.
