ValuEngine lowered shares of QTS Realty Trust (NYSE:QTS) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.
A number of other research firms also recently commented on QTS. Jefferies Group downgraded shares of QTS Realty Trust from a buy rating to a hold rating and set a $65.00 target price on the stock. in a research report on Friday, February 23rd. Zacks Investment Research downgraded shares of QTS Realty Trust from a hold rating to a sell rating in a research report on Thursday, January 4th. Credit Suisse Group downgraded shares of QTS Realty Trust from a neutral rating to an underperform rating and set a $43.00 target price on the stock. in a research report on Wednesday, January 17th. Moffett Nathanson started coverage on shares of QTS Realty Trust in a research report on Monday, April 9th. They set a hold rating and a $40.00 target price on the stock. Finally, KeyCorp set a $40.00 target price on shares of QTS Realty Trust and gave the company a buy rating in a research report on Monday, March 12th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $49.44.
NYSE QTS opened at $34.31 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.24. The stock has a market cap of $1,736.02, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 0.67 and a beta of 0.58. QTS Realty Trust has a one year low of $31.58 and a one year high of $61.55.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Thursday, March 22nd were given a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, March 21st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.78%. This is an increase from QTS Realty Trust’s previous quarterly dividend of $0.39. QTS Realty Trust’s payout ratio is presently 59.42%.
Institutional investors have recently modified their holdings of the company. Opus Capital Group LLC purchased a new position in shares of QTS Realty Trust in the 4th quarter worth approximately $206,000. Ellington Management Group LLC purchased a new position in shares of QTS Realty Trust in the 4th quarter worth approximately $222,000. Xact Kapitalforvaltning AB purchased a new position in shares of QTS Realty Trust in the 4th quarter worth approximately $240,000. Cubist Systematic Strategies LLC purchased a new position in shares of QTS Realty Trust in the 3rd quarter worth approximately $298,000. Finally, AMP Capital Investors Ltd grew its position in shares of QTS Realty Trust by 12.7% in the 3rd quarter. AMP Capital Investors Ltd now owns 7,994 shares of the real estate investment trust’s stock worth $419,000 after buying an additional 900 shares during the last quarter.
QTS Realty Trust Company Profile
QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of secure, compliant data center solutions, hybrid cloud and fully managed services. QTS' integrated technology service platform of custom data center (C1), colocation (C2) and cloud and managed services (C3) provides flexible, scalable, secure IT solutions for web and IT applications.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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