RBC Capital Believes QTS Realty Trust (NYSE: QTS) Won’t Stop Here

By Jason Carr

RBC Capital analyst Jonathan Atkin maintained a Buy rating on QTS Realty Trust (QTSResearch Report) yesterday and set a price target of $52. The company’s shares opened today at $47.26, close to its 52-week high of $47.44.

According to TipRanks.com, Atkin is a top 25 analyst with an average return of 17.0% and a 82.1% success rate. Atkin covers the Technology sector, focusing on stocks such as Interxion Holding NV, Wideopenwest Inc, and T Mobile US.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for QTS Realty Trust with a $51.50 average price target, which is an 9.0% upside from current levels. In a report issued on July 30, BMO Capital also maintained a Buy rating on the stock with a $49 price target.

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The company has a one-year high of $47.44 and a one-year low of $34.27. Currently, QTS Realty Trust has an average volume of 419.8K.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2019, Stephen Westhead, a Director at QTS sold 5,135 shares for a total of $237,545.

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 solutions. Its products include cloud services, connectivity, custom data center, colocation, critical facilities management, and managed services. It also offers industry solutions such as enterprise, financial services, information technology and digital media, federal, and healthcare.