A number of research firms have changed their ratings and price targets for QTS Realty Trust (NYSE: QTS):

  • 8/11/2017 – QTS Realty Trust had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $52.00 price target on the stock, down previously from $53.00.
  • 8/10/2017 – QTS Realty Trust was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/28/2017 – QTS Realty Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “QTS Realty Trust Inc. is a real estate investment trust. It is an owner, developer and operator of carrier-neutral, multi-tenant data centers. QTS’s data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers. The Company refers to its spectrum of core data center products as its 3Cs which consists of Custom Data Center, Colocation and Cloud and Managed Services. QTS Realty Trust Inc. is headquartered in Kansas, United States. “
  • 7/28/2017 – QTS Realty Trust had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $60.00 price target on the stock.
  • 7/25/2017 – QTS Realty Trust was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 7/24/2017 – QTS Realty Trust was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/12/2017 – QTS Realty Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “QTS Realty Trust Inc. is a real estate investment trust. It is an owner, developer and operator of carrier-neutral, multi-tenant data centers. QTS’s data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers. The Company refers to its spectrum of core data center products as its 3Cs which consists of Custom Data Center, Colocation and Cloud and Managed Services. QTS Realty Trust Inc. is headquartered in Kansas, United States. “
  • 7/8/2017 – QTS Realty Trust was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/30/2017 – QTS Realty Trust is now covered by analysts at Credit Suisse Group. They set a “neutral” rating and a $54.00 price target on the stock.
  • 6/27/2017 – QTS Realty Trust was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/20/2017 – QTS Realty Trust was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

QTS Realty Trust, Inc. (NYSE QTS) opened at 54.40 on Wednesday. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 138.78 and a beta of 0.47. QTS Realty Trust, Inc. has a 52-week low of $43.01 and a 52-week high of $56.54. The stock has a 50 day moving average price of $53.02 and a 200 day moving average price of $51.47.

QTS Realty Trust (NYSE:QTS) last posted its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.63. The company had revenue of $107.86 million during the quarter, compared to analyst estimates of $107.66 million. QTS Realty Trust had a net margin of 4.60% and a return on equity of 2.04%. QTS Realty Trust’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share. Equities research analysts forecast that QTS Realty Trust, Inc. will post $0.44 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 22nd will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, September 21st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.87%. QTS Realty Trust’s dividend payout ratio is currently 390.00%.

In other news, CEO Chad L. Williams sold 682,576 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $54.25, for a total transaction of $37,029,748.00. Following the completion of the sale, the chief executive officer now directly owns 236,526 shares in the company, valued at $12,831,535.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen E. Westhead sold 11,000 shares of the stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $52.36, for a total transaction of $575,960.00. Following the sale, the director now owns 12,924 shares of the company’s stock, valued at $676,700.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 703,576 shares of company stock valued at $38,136,508. 17.30% of the stock is currently owned by company insiders.

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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