What’s Propelling QTS Realty Trust Inc (QTS) to Increase? The Stock Formed a Bullish Wedge Up Chart Pattern

September 17, 2017 - By Stephen Andrade

Investors sentiment increased to 1.69 in Q4 2016. Its up 0.52, from 1.17 in 2016Q3. It improved, 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.
36,983 were accumulated by Stoneridge Prns Limited Liability. Legal And General Group Incorporated Public Ltd Com stated it has 105,745 shares or 0% of all its holdings. Thompson Davis And Com stated it has 0% of its portfolio in QTS Realty Trust Inc (NYSE:QTS). Denver Advsrs stated it has 16,784 shares or 0.04% of all its holdings. Blackrock Institutional Trust Na holds 0.01% or 1.65 million shares. Royal Commercial Bank Of Canada owns 0.01% invested in QTS Realty Trust Inc (NYSE:QTS) for 281,394 shares. Us Bank & Trust De holds 0% in QTS Realty Trust Inc (NYSE:QTS) or 2,858 shares. Brookfield Asset Incorporated reported 194,100 shares. Bankshares Of Ny Mellon has 853,912 shares. Employees Retirement Association Of Colorado, Colorado-based fund reported 246,100 shares. Eagle Asset Inc has invested 0.1% in QTS Realty Trust Inc (NYSE:QTS). Cubist Systematic Strategies Limited Liability Company has invested 0.01% in QTS Realty Trust Inc (NYSE:QTS). Eagle Boston Investment Management holds 1.62% or 274,012 shares. Parametric Port Assocs Ltd accumulated 116,136 shares or 0.01% of the stock. Bnp Paribas Arbitrage Sa, New York-based fund reported 17,397 shares.

Since May 4, 2017, it had 0 insider purchases, and 5 insider sales for $1.27 million activity.

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 $33.25 million 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 firm has “Outperform” rating by Wells Fargo given on Wednesday, June 1. Stifel Nicolaus upgraded the shares of QTS in report on Tuesday, January 31 to “Buy” rating. Suntrust Robinson initiated the shares of QTS in report on Monday, January 25 with “Buy” rating. The rating was maintained by Jefferies on Friday, June 9 with “Buy”. The company was maintained on Wednesday, July 26 by Canaccord Genuity. The stock of QTS Realty Trust Inc (NYSE:QTS) earned “Buy” rating by RBC Capital Markets on Tuesday, September 5. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, April 26. The stock has “Outperform” rating by RBC Capital Markets on Thursday, October 29. The rating was maintained by Jefferies on Thursday, August 11 with “Buy”. The firm has “Neutral” rating by Credit Suisse given on Friday, June 30.

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: “QTS Realty Trust’s (QTS) CEO Chad Williams on Q2 2017 Results – Earnings Call …” on July 26, 2017. Seekingalpha.com‘s news article titled: “Will The Rising Tide Lift This Ship?” with publication date: June 05, 2017 was also an interesting one.

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