Shares of QTS Realty Trust Inc (NYSE:QTS) have received an average recommendation of “Buy” from the fifteen ratings firms that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $59.00.
A number of equities research analysts have issued reports on QTS shares. TheStreet upgraded QTS Realty Trust from a “c” rating to a “b-” rating in a research note on Tuesday, October 24th. SunTrust Banks boosted their price target on QTS Realty Trust from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Jefferies Group cut their price target on QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, November 20th. Zacks Investment Research upgraded QTS Realty Trust from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Tuesday, October 17th. Finally, Royal Bank of Canada restated a “buy” rating and set a $60.00 price target on shares of QTS Realty Trust in a research note on Wednesday, September 6th.
In related news, EVP William H. Schafer sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $54.46, for a total transaction of $680,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO James H. Reinhart sold 4,050 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $58.42, for a total value of $236,601.00. Following the transaction, the chief operating officer now owns 65,595 shares of the company’s stock, valued at $3,832,059.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,201 shares of company stock valued at $2,112,933. 17.30% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. Eii Capital Management Inc. bought a new position in shares of QTS Realty Trust during the 3rd quarter valued at approximately $889,000. California Public Employees Retirement System lifted its holdings in QTS Realty Trust by 46.6% in the 3rd quarter. California Public Employees Retirement System now owns 18,325 shares of the real estate investment trust’s stock worth $959,000 after purchasing an additional 5,825 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in QTS Realty Trust in the 3rd quarter worth approximately $298,000. Highbridge Capital Management LLC purchased a new position in QTS Realty Trust in the 3rd quarter worth approximately $2,932,000. Finally, AMP Capital Investors Ltd lifted its holdings in 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 purchasing an additional 900 shares in the last quarter.
Shares of QTS Realty Trust (QTS) opened at $54.72 on Friday. The stock has a market capitalization of $2,721.74, a PE ratio of 133.47, a price-to-earnings-growth ratio of 1.04 and a beta of 0.44. QTS Realty Trust has a 52 week low of $46.32 and a 52 week high of $61.55. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.84 and a current ratio of 0.84.
QTS Realty Trust (NYSE:QTS) last released its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.59. The business had revenue of $113.77 million during the quarter, compared to the consensus estimate of $113.64 million. QTS Realty Trust had a return on equity of 2.10% and a net margin of 4.67%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 EPS. equities research analysts anticipate that QTS Realty Trust will post 2.71 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Tuesday, December 5th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.85%. QTS Realty Trust’s dividend payout ratio (DPR) is presently 380.50%.
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QTS Realty Trust Company Profile
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.
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