In a report published Monday, Jefferies analyst Omotayo Okusanya initiated coverage on QTS Realty Trust QTS with a Buy rating and $28.00 price target.
In the report, Jefferies noted, “With proper execution of its strategy, QTS is positioned to be one of the fastest growing REITs over the next few years given: 1) a low cost basis with attractive returns, 2) a significant runway for portfolio lease-up, and 3) meaningful development potential. We initiate with a Buy rating and $28 PT. Jefferies was a bookrunner on QTS's IPO that priced at $21/sh on 10/9/13.”
QTS Realty Trust closed on Friday at $21.43.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in