QTS Realty Trust, Inc. (QTS) Rating Increased to Buy at Zacks Investment Research

QTS Realty Trust, Inc. (NYSE:QTS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm presently has a $60.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 7.66% from the company’s current price.

According to Zacks, “QTS Realty Trust Inc. is a real estate investment trust. It is an owner, developer and operator of carrier-neutral, multi-tenant data centers. QTS’s data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers. The Company refers to its spectrum of core data center products as its 3Cs which consists of Custom Data Center, Colocation and Cloud and Managed Services. QTS Realty Trust Inc. is headquartered in Kansas, United States. “

Several other research analysts have also weighed in on the stock. Credit Suisse Group initiated coverage on shares of QTS Realty Trust in a report on Friday, June 30th. They set a “neutral” rating and a $54.00 price objective for the company. Royal Bank Of Canada reissued a “buy” rating and set a $60.00 price objective on shares of QTS Realty Trust in a report on Wednesday, September 6th. BidaskClub lowered shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Morgan Stanley reissued an “equal weight” rating and set a $58.00 price objective (up from $53.00) on shares of QTS Realty Trust in a report on Friday, August 25th. Finally, TheStreet lowered shares of QTS Realty Trust from a “b-” rating to a “c” rating in a report on Tuesday, July 25th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $56.92.

Shares of QTS Realty Trust (QTS) opened at 55.73 on Tuesday. The stock has a market capitalization of $2.72 billion, a PE ratio of 142.17 and a beta of 0.45. The company has a 50-day moving average of $53.41 and a 200-day moving average of $52.60. QTS Realty Trust has a 12 month low of $43.01 and a 12 month high of $56.23.

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, hitting the Thomson Reuters’ consensus estimate of $0.63. The company had revenue of $107.86 million during the quarter, compared to analyst estimates of $107.66 million. QTS Realty Trust had a net margin of 4.60% and a return on equity of 2.04%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $0.63 EPS. On average, equities research analysts expect that QTS Realty Trust will post $0.46 EPS for the current fiscal year.

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In other news, COO James H. Reinhart sold 3,545 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $55.22, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP William H. Schafer sold 16,260 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $54.47, for a total transaction of $885,682.20. Following the completion of the transaction, the executive vice president now owns 67,735 shares in the company, valued at $3,689,525.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 732,541 shares of company stock worth $39,756,070. Insiders own 17.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of QTS. UBS Asset Management Americas Inc. lifted its position in shares of QTS Realty Trust by 6.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 187,653 shares of the real estate investment trust’s stock worth $9,148,000 after buying an additional 12,094 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of QTS Realty Trust in the 1st quarter worth about $241,000. Prudential Financial Inc. bought a new position in shares of QTS Realty Trust in the 1st quarter worth about $207,000. SG Americas Securities LLC lifted its position in shares of QTS Realty Trust by 104.1% in the 1st quarter. SG Americas Securities LLC now owns 8,298 shares of the real estate investment trust’s stock worth $405,000 after buying an additional 4,233 shares during the last quarter. Finally, American International Group Inc. lifted its position in shares of QTS Realty Trust by 5.2% in the 1st quarter. American International Group Inc. now owns 28,346 shares of the real estate investment trust’s stock worth $1,382,000 after buying an additional 1,413 shares during 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 equipme

According to Zacks, “QTS Realty Trust Inc. is a real estate investment trust. It is an owner, developer and operator of carrier-neutral, multi-tenant data centers. QTS’s data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers. The Company refers to its spectrum of core data center products as its 3Cs which consists of Custom Data Center, Colocation and Cloud and Managed Services. QTS Realty Trust Inc. is headquartered in Kansas, United States. “

Several other research analysts have also weighed in on the stock. Credit Suisse Group initiated coverage on shares of QTS Realty Trust in a report on Friday, June 30th. They set a “neutral” rating and a $54.00 price objective for the company. Royal Bank Of Canada reissued a “buy” rating and set a $60.00 price objective on shares of QTS Realty Trust in a report on Wednesday, September 6th. BidaskClub lowered shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Morgan Stanley reissued an “equal weight” rating and set a $58.00 price objective (up from $53.00) on shares of QTS Realty Trust in a report on Friday, August 25th. Finally, TheStreet lowered shares of QTS Realty Trust from a “b-” rating to a “c” rating in a report on Tuesday, July 25th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $56.92.

Shares of QTS Realty Trust (QTS) opened at 55.73 on Tuesday. The stock has a market capitalization of $2.72 billion, a PE ratio of 142.17 and a beta of 0.45. The company has a 50-day moving average of $53.41 and a 200-day moving average of $52.60. QTS Realty Trust has a 12 month low of $43.01 and a 12 month high of $56.23.

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, hitting the Thomson Reuters’ consensus estimate of $0.63. The company had revenue of $107.86 million during the quarter, compared to analyst estimates of $107.66 million. QTS Realty Trust had a net margin of 4.60% and a return on equity of 2.04%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $0.63 EPS. On average, equities research analysts expect that QTS Realty Trust will post $0.46 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/19/qts-realty-trust-inc-qts-rating-increased-to-buy-at-zacks-investment-research.html.

In other news, COO James H. Reinhart sold 3,545 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $55.22, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP William H. Schafer sold 16,260 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $54.47, for a total transaction of $885,682.20. Following the completion of the transaction, the executive vice president now owns 67,735 shares in the company, valued at $3,689,525.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 732,541 shares of company stock worth $39,756,070. Insiders own 17.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of QTS. UBS Asset Management Americas Inc. lifted its position in shares of QTS Realty Trust by 6.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 187,653 shares of the real estate investment trust’s stock worth $9,148,000 after buying an additional 12,094 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of QTS Realty Trust in the 1st quarter worth about $241,000. Prudential Financial Inc. bought a new position in shares of QTS Realty Trust in the 1st quarter worth about $207,000. SG Americas Securities LLC lifted its position in shares of QTS Realty Trust by 104.1% in the 1st quarter. SG Americas Securities LLC now owns 8,298 shares of the real estate investment trust’s stock worth $405,000 after buying an additional 4,233 shares during the last quarter. Finally, American International Group Inc. lifted its position in shares of QTS Realty Trust by 5.2% in the 1st quarter. American International Group Inc. now owns 28,346 shares of the real estate investment trust’s stock worth $1,382,000 after buying an additional 1,413 shares during 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.

Analyst Recommendations for QTS Realty Trust (NYSE:QTS)

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