QTS Realty Trust, Inc. (NYSE:QTS) has earned an average rating of “Buy” from the fourteen analysts that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $56.82.
A number of research firms have recently commented on QTS. Deutsche Bank AG reiterated a “hold” rating and set a $52.00 target price (down previously from $53.00) on shares of QTS Realty Trust in a research report on Friday, August 11th. Morgan Stanley reiterated an “equal weight” rating and set a $58.00 target price (up previously from $53.00) on shares of QTS Realty Trust in a research report on Friday, August 25th. Zacks Investment Research cut QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $60.00 target price on shares of QTS Realty Trust in a research report on Friday, July 28th. Finally, TheStreet cut QTS Realty Trust from a “b-” rating to a “c” rating in a research report on Tuesday, July 25th.
Shares of QTS Realty Trust (NYSE:QTS) traded up 1.88% on Friday, reaching $55.92. The company had a trading volume of 434,967 shares. The firm’s 50 day moving average is $53.28 and its 200 day moving average is $52.50. QTS Realty Trust has a 12 month low of $43.01 and a 12 month high of $56.23. The firm has a market capitalization of $2.73 billion, a PE ratio of 142.65 and a beta of 0.45.
QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.63. QTS Realty Trust had a return on equity of 2.04% and a net margin of 4.60%. The company had revenue of $107.86 million for the quarter, compared to analysts’ expectations of $107.66 million. During the same period last year, the firm earned $0.63 earnings per share. QTS Realty Trust’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts expect that QTS Realty Trust will post $0.46 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 22nd were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Thursday, September 21st. QTS Realty Trust’s dividend payout ratio is currently 390.00%.
ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://transcriptdaily.com/2017/10/18/brokerages-set-qts-realty-trust-inc-qts-price-target-at-56-50.html.
In other QTS Realty Trust news, COO James H. Reinhart sold 3,545 shares of QTS Realty Trust stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $55.22, for a total value of $195,754.90. Following the sale, the chief operating officer now owns 74,837 shares of the company’s stock, valued at approximately $4,132,499.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William H. Schafer sold 16,260 shares of QTS Realty Trust stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $54.47, for a total value of $885,682.20. Following the completion of the sale, the executive vice president now directly owns 67,735 shares in the company, valued at approximately $3,689,525.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 732,541 shares of company stock worth $39,756,070. Corporate insiders own 17.30% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. purchased a new stake in QTS Realty Trust in the 1st quarter valued at approximately $113,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in QTS Realty Trust by 15.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,399 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 453 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in QTS Realty Trust in the 2nd quarter valued at approximately $200,000. Prudential Financial Inc. purchased a new stake in QTS Realty Trust in the 1st quarter valued at approximately $207,000. Finally, PNC Financial Services Group Inc. boosted its holdings in 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 valued at $209,000 after purchasing an additional 3,880 shares in the last quarter.
About QTS Realty Trust
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.
Receive News & Ratings for QTS Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QTS Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.