QTS Realty Trust Inc. (QTS) Receives Consensus Recommendation of “Buy” from Brokerages
QTS Realty Trust Inc. (NYSE:QTS) has been given a consensus rating of “Buy” by the twelve research firms that are currently covering the firm. Three investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $56.82.
QTS has been the topic of a number of recent research reports. Deutsche Bank AG upped their price target on shares of QTS Realty Trust from $54.00 to $56.00 and gave the company a “hold” rating in a research note on Monday, July 18th. Jefferies Group reaffirmed a “buy” rating and set a $65.00 price target on shares of QTS Realty Trust in a research note on Wednesday, July 27th. Raymond James Financial Inc. assumed coverage on shares of QTS Realty Trust in a research report on Friday, October 7th. They set an “outperform” rating and a $60.00 price objective on the stock. Goldman Sachs Group Inc. assumed coverage on shares of QTS Realty Trust in a research report on Tuesday, July 5th. They set a “neutral” rating and a $57.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of QTS Realty Trust from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Wednesday.
Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA acquired a new stake in QTS Realty Trust during the second quarter worth $117,000. Zurcher Kantonalbank Zurich Cantonalbank raised 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 during the period. BlackRock Japan Co. Ltd raised 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 during the period. Societe Generale acquired a new stake in QTS Realty Trust during the second quarter worth $181,000. Finally, Denver Investment Advisors LLC acquired a new stake in QTS Realty Trust during the second quarter worth $201,000.
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Shares of QTS Realty Trust (NYSE:QTS) traded up 0.84% during mid-day trading on Thursday, hitting $52.70. 96,307 shares of the company were exchanged. The company has a 50 day moving average of $53.37 and a 200 day moving average of $52.82. QTS Realty Trust has a 52 week low of $40.50 and a 52 week high of $59.41. The company has a market capitalization of $2.52 billion, a P/E ratio of 101.54 and a beta of 0.34.
QTS Realty Trust (NYSE:QTS) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. The company had revenue of $98.70 million for the quarter, compared to the consensus estimate of $97.03 million. QTS Realty Trust had a net margin of 6.03% and a return on equity of 2.88%. QTS Realty Trust’s revenue was up 44.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Equities analysts anticipate that QTS Realty Trust will post $2.60 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 20th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Friday, September 16th. QTS Realty Trust’s payout ratio is presently 288.00%.
About QTS Realty Trust
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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