QTS Realty Trust, Inc. (NYSE:QTS) Upgraded by BidaskClub to Hold
QTS Realty Trust, Inc. (NYSE:QTS) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
Several other research firms have also weighed in on QTS. Zacks Investment Research lowered QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 target price on shares of QTS Realty Trust in a research note on Friday, June 9th. Deutsche Bank AG boosted their price target on QTS Realty Trust from $49.00 to $51.00 and gave the company a “hold” rating in a research note on Tuesday, April 18th. Credit Suisse Group initiated coverage on QTS Realty Trust in a research note on Friday, June 30th. They issued a “neutral” rating and a $54.00 price target for the company. Finally, J P Morgan Chase & Co downgraded QTS Realty Trust from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $58.00 to $56.00 in a research note on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. QTS Realty Trust currently has a consensus rating of “Buy” and a consensus price target of $56.75.
Shares of QTS Realty Trust (QTS) remained flat at $54.28 during trading on Monday. 385,442 shares of the company’s stock traded hands. The company has a 50 day moving average of $52.62 and a 200-day moving average of $51.07. The stock has a market cap of $2.61 billion, a P/E ratio of 128.93 and a beta of 0.47. QTS Realty Trust has a 12 month low of $43.01 and a 12 month high of $59.41.
QTS Realty Trust (NYSE:QTS) last released its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. The company had revenue of $106 million for the quarter, compared to analyst estimates of $105.36 million. QTS Realty Trust had a return on equity of 2.14% and a net margin of 4.96%. QTS Realty Trust’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share. On average, equities analysts predict that QTS Realty Trust will post $0.44 EPS for the current year.
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In other news, Director Stephen E. Westhead sold 1,217 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $50.25, for a total value of $61,154.25. Following the completion of the sale, the director now directly owns 1,924 shares of the company’s stock, valued at $96,681. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen E. Westhead sold 1,600 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $49.74, for a total value of $79,584.00. Following the completion of the sale, the director now directly owns 3,641 shares of the company’s stock, valued at $181,103.34. The disclosure for this sale can be found here. In the last three months, insiders sold 24,317 shares of company stock valued at $1,272,373. Insiders own 17.30% of the company’s stock.
Hedge funds have recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its stake in shares of QTS Realty Trust by 2.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 17,123 shares of the real estate investment trust’s stock valued at $850,000 after buying an additional 370 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of QTS Realty Trust by 24.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 558,160 shares of the real estate investment trust’s stock valued at $27,712,000 after buying an additional 108,503 shares during the period. GSA Capital Partners LLP increased its stake in shares of QTS Realty Trust by 26.7% in the fourth quarter. GSA Capital Partners LLP now owns 6,813 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 1,434 shares during the period. Norges Bank bought a new stake in shares of QTS Realty Trust during the fourth quarter valued at approximately $22,828,000. Finally, Brookfield Asset Management Inc. bought a new stake in shares of QTS Realty Trust during the fourth quarter valued at approximately $9,637,000.
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. Its data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers.
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