QTS Realty Trust Inc (QTS) is Initiated by Raymond James to Outperform

QTS Realty Trust Inc (QTS) was Initiated by Raymond James to “Outperform”. Raymond James advised their investors in a research report released on Oct 7, 2016.

On the company’s financial health, QTS Realty Trust Inc reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.63. The company had revenue of $94.80 million for the quarter, compared to analysts expectations of $94.45 million. The company’s revenue was up 54.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

QTS Realty Trust Inc closed down -1.17 points or -2.26% at $50.66 with 4,71,266 shares getting traded on Tuesday. Post opening the session at $51.8, the shares hit an intraday low of $50.51 and an intraday high of $52.25 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 15, 2016, John W Barter (director) sold 28,568 shares at $54.30 per share price. According to the SEC, 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.

QTS Realty Trust Inc

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