Analysts Set QTS Realty Trust Inc (QTS) Price Target at $46.85

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QTS Realty Trust Inc (NYSE:QTS) has earned an average rating of “Buy” from the sixteen ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $46.42.

QTS has been the topic of several research reports. Berenberg Bank upgraded shares of QTS Realty Trust from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Tuesday, October 23rd. Stifel Nicolaus set a $48.00 price target on shares of QTS Realty Trust and gave the stock a “buy” rating in a research report on Tuesday, July 17th. BMO Capital Markets set a $51.00 price target on shares of QTS Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Guggenheim upgraded shares of QTS Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $45.00 to $46.00 in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th.

Shares of QTS Realty Trust stock traded up $1.32 on Thursday, hitting $39.64. 31,674 shares of the company traded hands, compared to its average volume of 614,616. The stock has a market cap of $1.87 billion, a P/E ratio of 14.42, a PEG ratio of 0.99 and a beta of 0.66. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.94 and a quick ratio of 0.94. QTS Realty Trust has a 52 week low of $31.58 and a 52 week high of $61.55.

QTS Realty Trust (NYSE:QTS) last released its quarterly earnings data on Monday, October 29th. The real estate investment trust reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.75). The company had revenue of $112.20 million for the quarter, compared to the consensus estimate of $105.28 million. QTS Realty Trust had a negative net margin of 5.49% and a positive return on equity of 0.38%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS. As a group, equities analysts expect that QTS Realty Trust will post 2.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 4th. Investors of record on Thursday, September 20th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.14%. The ex-dividend date was Wednesday, September 19th. QTS Realty Trust’s dividend payout ratio is presently 59.42%.

In other QTS Realty Trust news, Director Stephen E. Westhead sold 1,924 shares of QTS Realty Trust stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $46.25, for a total transaction of $88,985.00. Following the completion of the transaction, the director now directly owns 5,014 shares of the company’s stock, valued at $231,897.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Catherine R. Kinney acquired 1,400 shares of the company’s stock in a transaction on Monday, August 6th. The shares were purchased at an average cost of $44.07 per share, with a total value of $61,698.00. Following the completion of the purchase, the director now directly owns 11,657 shares of the company’s stock, valued at $513,723.99. The disclosure for this purchase can be found here. Insiders own 16.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. WINTON GROUP Ltd purchased a new position in QTS Realty Trust during the first quarter worth $204,000. OppenheimerFunds Inc. purchased a new position in QTS Realty Trust during the second quarter worth $209,000. Commonwealth Equity Services LLC purchased a new position in QTS Realty Trust during the second quarter worth $221,000. Advisors Asset Management Inc. boosted its stake in QTS Realty Trust by 79.6% during the second quarter. Advisors Asset Management Inc. now owns 5,974 shares of the real estate investment trust’s stock worth $236,000 after buying an additional 2,647 shares during the period. Finally, Xact Kapitalforvaltning AB boosted its stake in QTS Realty Trust by 54.3% during the first quarter. Xact Kapitalforvaltning AB now owns 6,823 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 2,400 shares during the period.

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 hyperscale and hybrid colocation provide flexible, scalable, secure IT solutions for web and IT applications.

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Analyst Recommendations for QTS Realty Trust (NYSE:QTS)

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