QTS Realty Trust Inc. (QTS) Earns Outperform Rating from Analysts at Raymond James Financial Inc.
Analysts at Raymond James Financial Inc. began coverage on shares of QTS Realty Trust Inc. (NYSE:QTS) in a report issued on Friday. The brokerage set an “outperform” rating on the stock.
Several other analysts have also recently weighed in on the stock. Wells Fargo & Co. restated a “buy” rating on shares of QTS Realty Trust in a research report on Thursday, September 22nd. Jefferies Group lowered their price objective on shares of QTS Realty Trust from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Thursday, August 11th. Zacks Investment Research upgraded shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. SunTrust Banks Inc. began coverage on shares of QTS Realty Trust in a research report on Thursday, July 21st. They set a “buy” rating and a $65.00 price objective on the stock. Finally, Deutsche Bank AG raised their price objective on shares of QTS Realty Trust from $54.00 to $56.00 and gave the company a “hold” rating in a research report on Monday, July 18th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $56.44.
Shares of QTS Realty Trust (NYSE:QTS) traded up 0.37% during mid-day trading on Friday, reaching $51.12. 126,857 shares of the company’s stock were exchanged. QTS Realty Trust has a one year low of $40.50 and a one year high of $59.41. The company has a 50 day moving average price of $53.67 and a 200-day moving average price of $52.69. The stock has a market cap of $2.45 billion, a PE ratio of 98.50 and a beta of 0.34.
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QTS Realty Trust (NYSE:QTS) last posted its earnings results on Tuesday, July 26th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. QTS Realty Trust had a net margin of 6.03% and a return on equity of 2.88%. The business had revenue of $98.70 million for the quarter, compared to analysts’ expectations of $97.03 million. During the same period in the prior year, the company posted $0.53 EPS. The business’s revenue for the quarter was up 44.9% compared to the same quarter last year. On average, analysts predict that QTS Realty Trust will post $2.60 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 5th. Investors of record on Tuesday, September 20th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, September 16th. This represents a $1.44 dividend on an annualized basis and a yield of 2.83%. QTS Realty Trust’s dividend payout ratio is currently 288.00%.
A number of large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA bought a new stake in QTS Realty Trust during the second quarter worth about $117,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in QTS Realty Trust by 21.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,090 shares of the company’s stock worth $117,000 after buying an additional 374 shares in the last quarter. BlackRock Japan Co. Ltd boosted its stake in QTS Realty Trust by 19.1% in the second quarter. BlackRock Japan Co. Ltd now owns 2,424 shares of the company’s stock worth $136,000 after buying an additional 388 shares in the last quarter. Societe Generale bought a new stake in QTS Realty Trust during the second quarter worth about $181,000. Finally, Prudential Financial Inc. bought a new stake in QTS Realty Trust during the first quarter worth about $201,000.
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. It operates through a portfolio of investments in over 20 data centers located primarily in the United States with others in Canada, Europe and the Asia-Pacific region.
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