Today, the CFO of QTS Realty Trust (NYSE: QTS), Jeffrey Berson, bought shares of QTS for $523.4K.
Following this transaction Jeffrey Berson’s holding in the company was increased by 18.88% to a total of $3.29 million. In addition to Jeffrey Berson, 3 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 566.5K.
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 -17.6% downside.
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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.
