QTS Realty Trust Gets a Buy Rating from RBC Capital

By Austin Angelo

In a report issued on July 27, Jonathan Atkin from RBC Capital reiterated a Buy rating on QTS Realty Trust (NYSE: QTS), with a price target of $60. The company’s shares closed yesterday at $53.29.

According to TipRanks.com, Atkin is a top 25 analyst with an average return of 17.4% and a 87.0% success rate. Atkin covers the Financial sector, focusing on stocks such as Summit Hotel Properties, Landmark Infrastructure, and Education Realty Trust.

Currently, the analyst consensus on QTS Realty Trust is Moderate Buy and the average price target is $58.57, representing a 9.9% upside.

In a report issued on July 21, Stifel Nicolaus also reiterated a Buy rating on the stock with a $60 price target.

The company has a one year high of $57.65 and a one year low of $43.01. Currently, QTS Realty Trust has an average volume of 415.5K.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. Last month, Stephen Westhead, a Director at QTS sold 10,000 shares for a total of $530,800.

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. is an real estate investment trust, which engages in owning, developing, and operating portfolio of investments in data centers. Its products include custom data center, colocation, cloud services, managed services, managed hosting, connectivity, and critical facilities management.