QTS Realty Trust (NYSE:QTS) Rating Lowered to Sell at Zacks Investment Research

QTS Realty Trust (NYSE:QTS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday, January 4th.

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. “

A number of other equities research analysts have also recently weighed in on QTS. Royal Bank of Canada restated a “buy” rating and set a $60.00 price objective on shares of QTS Realty Trust in a research note on Wednesday, September 6th. TheStreet upgraded shares of QTS Realty Trust from a “c” rating to a “b-” rating in a research note on Tuesday, October 24th. SunTrust Banks lifted their price objective on shares of QTS Realty Trust from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Credit Suisse Group set a $55.00 price target on shares of QTS Realty Trust and gave the stock a “hold” rating in a research report on Thursday, October 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of QTS Realty Trust from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $59.00.

QTS Realty Trust (NYSE:QTS) opened at $51.65 on Thursday. QTS Realty Trust has a 1-year low of $46.32 and a 1-year high of $61.55. The company has a market cap of $2,592.97, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 0.92 and a beta of 0.44. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.09.

QTS Realty Trust (NYSE:QTS) last announced 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 consensus estimate of $0.11 by $0.59. QTS Realty Trust had a net margin of 4.67% and a return on equity of 2.10%. The company had revenue of $113.77 million during the quarter, compared to the consensus estimate of $113.64 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. equities analysts forecast that QTS Realty Trust will post 2.71 EPS for the current year.

In other QTS Realty Trust news, EVP William H. Schafer sold 12,500 shares of QTS Realty Trust stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $54.46, for a total transaction of $680,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Daniel T. Bennewitz sold 9,144 shares of QTS Realty Trust stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $57.46, for a total value of $525,414.24. Following the transaction, the insider now directly owns 58,624 shares in the company, valued at approximately $3,368,535.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,201 shares of company stock worth $2,112,933. Corporate insiders own 17.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in QTS. GAM Holding AG grew its stake in shares of QTS Realty Trust by 5.2% in the 2nd quarter. GAM Holding AG now owns 4,014 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 200 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of QTS Realty Trust by 2.5% in the 2nd quarter. California Public Employees Retirement System now owns 12,500 shares of the real estate investment trust’s stock valued at $654,000 after buying an additional 300 shares in the last quarter. Amalgamated Bank grew its stake in shares of QTS Realty Trust by 5.4% in the 2nd quarter. Amalgamated Bank now owns 6,045 shares of the real estate investment trust’s stock valued at $316,000 after buying an additional 309 shares in the last quarter. Phocas Financial Corp. grew its stake in shares of QTS Realty Trust by 3.1% in the 2nd quarter. Phocas Financial Corp. now owns 14,007 shares of the real estate investment trust’s stock valued at $733,000 after buying an additional 419 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in QTS Realty Trust by 15.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,399 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 453 shares during the last quarter.

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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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