UPDATE: Mizuho Securities Starts QTS Realty Trust (QTS) at Buy

December 2, 2020 4:05 PM EST
Get Alerts QTS Hot Sheet
Price: $77.69 +0.12%

Rating Summary:
    16 Buy, 11 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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(Updated - December 2, 2020 4:16 PM EST)

(updating comment)

Mizuho Securities analyst Omotayo Okusanya initiates coverage on QTS Realty Trust (NYSE: QTS) with a Buy rating, PT $68.00.

The analyst comments "We believe that QTS’s strategy in the Data Center space has created a niche for the company that can result in sustainable earnings growth that is well above the industry average. Given this growth profile, and an attractive valuation, we are initiating with a Buy rating and $68 price target. We believe the knock on the QTS story has been that the portfolio is mainly in markets such as Atlanta, Richmond and Dallas. As such, there has been concern that QTS does not own dense, highly connected data centers which are highly sought by performance-focused enterprise users."

For an analyst ratings summary and ratings history on QTS Realty Trust click here. For more ratings news on QTS Realty Trust click here.

Shares of QTS Realty Trust closed at $60.52 yesterday.


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