QTS Realty Trust, Inc. (NYSE:QTS) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c” rating in a research report issued on Tuesday.

Several other research firms have also recently commented on QTS. Jefferies Group LLC restated a “buy” rating and issued a $60.00 target price on shares of QTS Realty Trust in a research note on Friday, June 9th. BidaskClub upgraded QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday. 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 target price on the stock. J P Morgan Chase & Co cut QTS Realty Trust from an “overweight” rating to a “neutral” rating and cut their target price for the company from $58.00 to $56.00 in a research note on Wednesday, May 3rd. Finally, Stifel Nicolaus restated a “buy” rating on shares of QTS Realty Trust in a research note on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. QTS Realty Trust currently has a consensus rating of “Buy” and an average target price of $56.75.

Shares of QTS Realty Trust (NYSE:QTS) traded up 0.67% during mid-day trading on Tuesday, hitting $53.82. 1,294,398 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $52.68 and a 200-day moving average price of $51.11. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 127.84 and a beta of 0.47. QTS Realty Trust has a 52 week low of $43.01 and a 52 week high of $59.41.

QTS Realty Trust (NYSE:QTS) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. The firm had revenue of $107.86 million for the quarter, compared to analysts’ expectations of $107.66 million. QTS Realty Trust had a return on equity of 2.14% and a net margin of 4.96%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 EPS. On average, equities analysts anticipate 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 company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $50.25, for a total transaction of $61,154.25. Following the sale, the director now owns 1,924 shares in the company, valued at approximately $96,681. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen E. Westhead sold 11,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $52.36, for a total value of $575,960.00. Following the sale, the director now owns 12,924 shares in the company, valued at approximately $676,700.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,317 shares of company stock worth $1,272,373. Company insiders own 17.30% of the company’s stock.

A number of large investors have recently bought and sold shares of QTS. BlackRock Inc. boosted its stake in QTS Realty Trust by 6,140.3% in the first quarter. BlackRock Inc. now owns 4,053,598 shares of the real estate investment trust’s stock valued at $197,612,000 after buying an additional 3,988,640 shares during the period. Brookfield Asset Management Inc. boosted its stake in QTS Realty Trust by 699.6% in the first quarter. Brookfield Asset Management Inc. now owns 1,552,050 shares of the real estate investment trust’s stock valued at $75,662,000 after buying an additional 1,357,950 shares during the period. Citadel Advisors LLC boosted its stake in QTS Realty Trust by 332.2% in the first quarter. Citadel Advisors LLC now owns 1,161,956 shares of the real estate investment trust’s stock valued at $56,645,000 after buying an additional 893,119 shares during the period. Norges Bank purchased a new stake in QTS Realty Trust during the fourth quarter valued at $22,828,000. Finally, Capital Growth Management LP purchased a new stake in QTS Realty Trust during the first quarter valued at $21,450,000.

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. Its data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers.

Analyst Recommendations for QTS Realty Trust (NYSE:QTS)

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