Today, the CEO of QTS Realty Trust (NYSE: QTS), Chad L. Williams, bought shares of QTS for $1.78M.
This recent transaction increases Chad L. Williams’ holding in the company by 19.34% to a total of $11.3 million. In addition to Chad L. Williams, 4 other QTS executives reported Buy trades in the last month.
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Based on QTS Realty Trust’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $114 million and GAAP net loss of $481K. In comparison, last year the company earned revenue of $106 million and had a net profit of $4.88 million. Currently, QTS Realty Trust has an average volume of 283K.
16 different firms, including Merrill Lynch and Canaccord Genuity, currently also have a Buy rating on the stock. Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $42.33, reflecting a -13.5% downside.
The insider sentiment on QTS Realty Trust has been positive according to 75 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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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.
