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QTS Realty Trust (NYSE:QTS) has been given an average recommendation of “Buy” by the eight brokerages that are covering the stock, StockRatingsNetwork reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $27.89.

Shares of QTS Realty Trust (NYSE:QTS) traded up 0.35% on Thursday, hitting $28.70. 56,045 shares of the company’s stock traded hands. QTS Realty Trust has a one year low of $19.06 and a one year high of $29.24. The stock has a 50-day moving average of $26.1 and a 200-day moving average of $23.80. The company has a market cap of $828.4 million and a price-to-earnings ratio of 87.46.

QTS Realty Trust (NYSE:QTS) last announced its earnings results on Tuesday, April 29th. The company reported $0.47 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.47. The company had revenue of $48.94 million for the quarter, compared to the consensus estimate of $48.43 million. QTS Realty Trust’s revenue was up 17.9% compared to the same quarter last year. Analysts expect that QTS Realty Trust will post $2.00 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 8th. Stockholders of record on Friday, June 20th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Wednesday, June 18th.

A number of research firms have recently commented on QTS. Analysts at Goldman Sachs raised their price target on shares of QTS Realty Trust from $27.00 to $30.50 in a research note on Thursday. Analysts at Jefferies Group raised their price target on shares of QTS Realty Trust from $30.00 to $33.00 in a research note on Wednesday. They now have a “buy” rating on the stock.

QTS Realty Trust, Inc is a owner, developer and operator of carrier-neutral, multi-tenant data centers.

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