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Shares of QTS Realty Trust (NYSE:QTS) have earned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, Analyst Ratings.Net reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $29.21.

A number of research firms have recently commented on QTS. Analysts at Deutsche Bank reiterated a “hold” rating on shares of QTS Realty Trust in a research note on Monday. They now have a $28.00 price target on the stock, up previously from $27.00. 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.

QTS Realty Trust (NYSE:QTS) traded up 0.49% on Tuesday, hitting $30.6495. 4,130 shares of the company’s stock traded hands. QTS Realty Trust has a 1-year low of $19.06 and a 1-year high of $31.72. The stock has a 50-day moving average of $28.76 and a 200-day moving average of $27.21. The company has a market cap of $884.7 million and a price-to-earnings ratio of 69.63.

QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings data 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 $1.96 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 7th. Stockholders of record on Friday, September 19th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend 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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