Goldman Sachs Initiates Coverage on QTS Realty Trust Inc to Neutral

Goldman Sachs Initiates Coverage on QTS Realty Trust Inc(NYSE:QTS). The shares have been rated Neutral. The rating by Goldman Sachs was issued on Jul 5, 2016.

In a different note, Canaccord Genuity said it Initiates Coverage on QTS Realty Trust Inc, according to a research note issued on Jun 6, 2016. The shares have been rated ‘Buy’ by the firm. Wells Fargo said it Initiates Coverage on QTS Realty Trust Inc, according to a research note issued on Jun 1, 2016. The shares have been rated ‘Outperform’ by the firm. On May 10, 2016, Stifel Nicolaus said it Downgrades its rating on QTS Realty Trust Inc. In the research note, the firm Removes the price-target to $53.00 per share. The shares have been rated ‘Hold’ by the firm.

QTS Realty Trust Inc (QTS) made into the market gainers list on Fridays trading session with the shares advancing 1.17% or 0.65 points. Due to strong positive momentum, the stock ended at $56.03, which is also near the day’s high of $56.09. The stock began the session at $55.78 and the volume stood at 4,01,887 shares. The 52-week high of the shares is $56.87 and the 52 week low is $37.78. The company has a current market capitalization of $2,676 M and it has 4,77,57,279 shares in outstanding.

QTS Realty Trust Inc(QTS) last announced its earnings results on Apr 25, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $94.77M. Analysts had an estimated revenue of $94.19M. Earnings per share were $0.68. Analysts had estimated an EPS of $0.62.

Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, John W Barter (director) sold 28,568 shares at $54.30 per share price.Also, On Jun 13, 2016, Jeffrey H. Berson (Chief Investment Officer) sold 6,505 shares at $53.97 per share price.On Jun 13, 2016, Peter Marino (director) sold 10,000 shares at $54.42 per share price, according to the Form-4 filing with the securities and exchange commission.

QTS Realty Trust Inc. (QTS) is an owner developer and operator of carrier-neutral and multi-tenant data centers. The Company’s data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers. The Company has an integrated platform through which it owns and operates its data centers and provides a range of IT infrastructure solutions. Its spectrum of core data center products referred to as 3Cs which consists of Custom Data Center Colocation and Cloud and Managed Services. The Company operates a portfolio of over 12 data centers across approximately eight states. The Company’s data centers facilities used by its customers to house power and cool the networking equipment and computer systems that support their business processes. QTS’s customers include financial institutions healthcare companies Government agencies communications service providers software companies and Internet companies.

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