Canaccord Genuity Initiates Coverage on QTS Realty Trust Inc to Buy

Canaccord Genuity Initiates Coverage on QTS Realty Trust Inc(NYSE:QTS). The shares have been rated Buy. The rating by Canaccord Genuity was issued on Jun 6, 2016.

In a different note, 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. On Apr 5, 2016, KeyBanc said it Maintains its rating on QTS Realty Trust Inc. In the research note, the firm Raises the price-target to $47.00 per share. The shares have been rated ‘Outperform’ by the firm.

QTS Realty Trust Inc (QTS) shares turned negative on Fridays trading session with the shares closing down -0.53 points or -0.97% at a volume of 1,95,354. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $54.44. The peak price level was also seen at $54.44 while the days lowest was $53.83. Finally the shares closed at $53.91. The 52-week high of the shares is $55.16 while the 52-week low is $35.82. According to the latest information available, the market cap of the company is $2,575 M.

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 Mar 16, 2016, Jeffrey H. Berson (Chief Investment Officer) sold 16,000 shares at $45.77 per share price.Also, On Dec 15, 2015, Shirley E. Goza (Secretary) sold 36,426 shares at $41.38 per share price.

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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