Shares of QTS Realty Trust Inc (NYSE:QTS) have been assigned a consensus recommendation of “Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $64.18.
Several equities analysts have commented on QTS shares. KeyCorp raised their target price on shares of QTS Realty Trust from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. SunTrust Banks lifted their price objective on shares of QTS Realty Trust from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Raymond James cut shares of QTS Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 29th. Credit Suisse Group raised their target price on shares of QTS Realty Trust from $64.00 to $68.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Cowen assumed coverage on shares of QTS Realty Trust in a report on Thursday, April 16th. They set an “outperform” rating and a $69.00 price target for the company.
In other QTS Realty Trust news, CEO Chad L. Williams sold 241,808 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $65.15, for a total transaction of $15,753,791.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven C. Bloom sold 7,767 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $64.22, for a total value of $498,796.74. Following the sale, the insider now directly owns 26,367 shares of the company’s stock, valued at $1,693,288.74. The disclosure for this sale can be found here. Insiders have sold a total of 321,435 shares of company stock valued at $20,682,208 over the last three months. Company insiders own 13.90% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. First Trust Advisors LP increased its stake in QTS Realty Trust by 6.1% during the 1st quarter. First Trust Advisors LP now owns 10,185 shares of the real estate investment trust’s stock worth $458,000 after purchasing an additional 586 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in QTS Realty Trust by 21.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,672 shares of the real estate investment trust’s stock worth $959,000 after purchasing an additional 3,109 shares in the last quarter. NEXT Financial Group Inc increased its stake in QTS Realty Trust by 91.5% during the 4th quarter. NEXT Financial Group Inc now owns 1,526 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 729 shares in the last quarter. Strs Ohio increased its stake in QTS Realty Trust by 5.0% during the 4th quarter. Strs Ohio now owns 81,886 shares of the real estate investment trust’s stock worth $4,443,000 after purchasing an additional 3,914 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new stake in QTS Realty Trust during the 4th quarter worth approximately $1,914,000.
Shares of QTS Realty Trust stock traded up $1.06 during trading hours on Friday, reaching $61.13. The company’s stock had a trading volume of 31,119 shares, compared to its average volume of 753,197. The company’s 50 day simple moving average is $62.01 and its 200 day simple moving average is $56.33. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.39 and a current ratio of 1.38. QTS Realty Trust has a one year low of $42.64 and a one year high of $68.80. The stock has a market cap of $3.73 billion, a P/E ratio of -207.14 and a beta of 0.51.
QTS Realty Trust (NYSE:QTS) last released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.10. The business had revenue of $126.29 million for the quarter, compared to analysts’ expectations of $124.73 million. QTS Realty Trust had a net margin of 3.52% and a return on equity of 1.68%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 EPS. On average, sell-side analysts predict that QTS Realty Trust will post 2.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Friday, June 19th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.88 annualized dividend and a yield of 3.08%. QTS Realty Trust’s dividend payout ratio (DPR) is 71.48%.
QTS Realty Trust Company Profile
QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of data center solutions across a diverse footprint spanning more than 6 million square feet of owned mega scale data center space throughout North America. Through its software-defined technology platform, QTS is able to deliver secure, compliant infrastructure solutions, robust connectivity and premium customer service to leading hyperscale technology companies, enterprises, and government entities.
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