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Shares of QTS Realty Trust (NYSE:QTS) hit a new 52-week high on Thursday , AnalystRatingsNetwork reports. The company traded as high as $30.04 and last traded at $29.81, with a volume of 38,009 shares trading hands. The stock had previously closed at $29.48.

Separately, analysts at Stephens initiated coverage on shares of QTS Realty Trust in a research note on Friday, May 30th. They set an “equal weight” rating and a $32.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. QTS Realty Trust has an average rating of “Buy” and an average target price of $28.64.

The stock has a 50-day moving average of $28.37 and a 200-day moving average of $26.7. The company has a market cap of $836.5 million and a price-to-earnings ratio of 76.37.

QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.02. The company had revenue of $51.34 million for the quarter, compared to the consensus estimate of $50.72 million. The company’s quarterly revenue was up 19.7% on a year-over-year basis. On average, analysts predict that QTS Realty Trust will post $1.97 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 7th. Investors of record on Friday, September 19th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Wednesday, September 17th.

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

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