Shares of QTS Realty Trust, Inc. (NYSE:QTS) have been assigned an average recommendation of “Buy” from the seventeen analysts that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $57.08.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Morgan Stanley reaffirmed an “equal weight” rating and set a $58.00 target price (up from $53.00) on shares of QTS Realty Trust in a report on Friday, August 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 target price on shares of QTS Realty Trust in a report on Wednesday, September 6th. TheStreet cut shares of QTS Realty Trust from a “b-” rating to a “c” rating in a report on Tuesday, July 25th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $52.00 target price (down from $53.00) on shares of QTS Realty Trust in a report on Friday, August 11th.
QTS Realty Trust (QTS) traded down 0.43% during mid-day trading on Wednesday, reaching $53.67. The company had a trading volume of 45,916 shares. The firm’s 50-day moving average price is $53.96 and its 200-day moving average price is $51.95. QTS Realty Trust has a 12 month low of $43.01 and a 12 month high of $56.23. The stock has a market cap of $2.62 billion, a PE ratio of 136.91 and a beta of 0.47.
QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. The company had revenue of $107.86 million during the quarter, compared to analysts’ expectations of $107.66 million. QTS Realty Trust had a return on equity of 2.04% and a net margin of 4.60%. QTS Realty Trust’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 EPS. Equities research analysts forecast that QTS Realty Trust will post $0.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 22nd will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, September 21st. QTS Realty Trust’s dividend payout ratio is presently 390.00%.
In related news, CEO Chad L. Williams sold 682,576 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $54.25, for a total transaction of $37,029,748.00. Following the transaction, the chief executive officer now owns 236,526 shares of the company’s stock, valued at approximately $12,831,535.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO James H. Reinhart sold 3,545 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $55.22, for a total transaction of $195,754.90. Following the transaction, the chief operating officer now directly owns 74,837 shares in the company, valued at approximately $4,132,499.14. The disclosure for this sale can be found here. Insiders sold a total of 732,541 shares of company stock worth $39,756,070 in the last three months. Insiders own 17.30% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. bought a new stake in QTS Realty Trust in the 1st quarter worth $113,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of QTS Realty Trust by 5.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,946 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 157 shares during the period. Quantbot Technologies LP lifted its position in shares of QTS Realty Trust by 211.1% in the 1st quarter. Quantbot Technologies LP now owns 3,326 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 2,257 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of QTS Realty Trust in the 2nd quarter worth about $200,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of QTS Realty Trust by 4,127.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,974 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 3,880 shares during the period.
QTS Realty Trust Company Profile
QTS Realty Trust, Inc (QTS) is a provider of secure, compliant data center solutions, hybrid cloud and fully managed services. The Company owns, develops and operates carrier-neutral and multi-tenant data centers. Its data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers.
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