Is QTS Realty Trust Inc (QTS) a Buy? The Stock Formed Wedge Up Chart Pattern

September 17, 2017 - By Michael Collier

Investors sentiment increased to 1.69 in 2016 Q4. Its up 0.52, from 1.17 in 2016Q3. It is positive, as 21 investors sold QTS Realty Trust Inc shares while 40 reduced holdings. 26 funds opened positions while 77 raised stakes. 47.15 million shares or 0.67% more from 46.83 million shares in 2016Q3 were reported.
California State Teachers Retirement System holds 0.01% or 96,610 shares in its portfolio. Thrivent For Lutherans has invested 0% of its portfolio in QTS Realty Trust Inc (NYSE:QTS). Veritable Ltd Partnership, a Pennsylvania-based fund reported 6,738 shares. Panagora Asset Management reported 0% stake. Ubs Asset Mgmt Americas accumulated 175,559 shares. Scout Invs Inc reported 0.05% stake. Ohio-based Fifth Third Retail Bank has invested 0% in QTS Realty Trust Inc (NYSE:QTS). Raymond James Assocs holds 49,979 shares. Bancshares Of Montreal Can has invested 0% in QTS Realty Trust Inc (NYSE:QTS). Price T Rowe Associates Md reported 24,829 shares stake. Nomura Asset Management Com Ltd reported 0.03% in QTS Realty Trust Inc (NYSE:QTS). Swiss Bancorp has 78,483 shares. Principal Fincl reported 6,560 shares or 0% of all its holdings. Moreover, Janus Mgmt Ltd Liability Com has 0% invested in QTS Realty Trust Inc (NYSE:QTS). 2,300 are held by New Mexico Educational Retirement Board.

Since May 4, 2017, it had 0 insider purchases, and 5 selling transactions for $1.27 million activity. $79,584 worth of QTS Realty Trust Inc (NYSE:QTS) was sold by Westhead Stephen E..

The stock of QTS Realty Trust Inc (QTS) formed an up wedge with $55.94 target or 4.00 % above today’s $53.79 share price. The 8 months wedge indicates low risk for the $2.63B company. If the $55.94 price target is reached, the company will be worth $105.20 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.19% or $0.1 on September 15, reaching $53.79. About 499,723 shares traded or 5.68% up from the average. QTS Realty Trust Inc (NYSE:QTS) has declined 0.63% since September 17, 2016 and is downtrending. It has underperformed by 17.33% the S&P500.

Analysts expect QTS Realty Trust Inc (NYSE:QTS) to report $0.68 EPS on October, 24.They anticipate $0.01 EPS change or 1.49 % from last quarter’s $0.67 EPS. QTS’s profit would be $33.25M giving it 19.78 P/E if the $0.68 EPS is correct. After having $0.63 EPS previously, QTS Realty Trust Inc’s analysts see 7.94 % EPS growth.

QTS Realty Trust Inc (NYSE:QTS) Ratings Coverage

Among 16 analysts covering QTS Realty Trust (NYSE:QTS), 13 have Buy rating, 0 Sell and 3 Hold. Therefore 81% are positive. QTS Realty Trust had 39 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of QTS Realty Trust Inc (NYSE:QTS) earned “Buy” rating by Stifel Nicolaus on Wednesday, September 13. The stock has “Buy” rating by SunTrust on Monday, January 25. As per Tuesday, July 28, the company rating was reinitiated by Deutsche Bank. The company was maintained on Tuesday, August 25 by Jefferies. The stock has “Buy” rating by Jefferies on Monday, July 10. Jefferies maintained it with “Buy” rating and $6000 target in Friday, June 9 report. The stock of QTS Realty Trust Inc (NYSE:QTS) earned “Equal-Weight” rating by Morgan Stanley on Friday, August 25. The firm has “Buy” rating by Jefferies given on Thursday, August 11. Mitsubishi UFJ Financial Group initiated QTS Realty Trust Inc (NYSE:QTS) rating on Wednesday, April 26. Mitsubishi UFJ Financial Group has “Overweight” rating and $58 target. Stifel Nicolaus maintained the shares of QTS in report on Thursday, August 6 with “Buy” rating.

More recent QTS Realty Trust Inc (NYSE:QTS) news were published by: Prnewswire.com which released: “QTS Realty Trust, Inc. to Participate in Upcoming Investor Conferences” on August 29, 2017. Also Seekingalpha.com published the news titled: “Will The Rising Tide Lift This Ship?” on June 05, 2017. Seekingalpha.com‘s news article titled: “QTS Realty Trust’s (QTS) CEO Chad Williams on Q2 2017 Results – Earnings Call …” with publication date: July 26, 2017 was also an interesting one.

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