QTS Realty Trust, Inc. (QTS) Given Average Rating of “Buy” by Brokerages

Shares of QTS Realty Trust, Inc. (NYSE:QTS) have earned a consensus recommendation of “Buy” from the fifteen analysts that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $59.00.

Several equities research analysts recently commented on QTS shares. Credit Suisse Group set a $55.00 price target on QTS Realty Trust and gave the company a “hold” rating in a research note on Tuesday, November 14th. Deutsche Bank reissued a “hold” rating and issued a $52.00 price target (down previously from $53.00) on shares of QTS Realty Trust in a research note on Friday, August 11th. Jefferies Group lowered their price target on QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, November 20th. SunTrust Banks boosted their price target on QTS Realty Trust from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research cut QTS Realty Trust from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th.

In related news, insider Shirley E. Goza sold 11,507 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $58.24, for a total value of $670,167.68. Following the completion of the sale, the insider now directly owns 16,770 shares in the company, valued at approximately $976,684.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO James H. Reinhart sold 3,545 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $55.22, for a total value of $195,754.90. Following the completion of the sale, the chief operating officer now owns 74,837 shares of the company’s stock, valued at $4,132,499.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,246 shares of company stock valued at $1,627,938. Corporate insiders own 17.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Eii Capital Management Inc. acquired a new position in shares of QTS Realty Trust during the third quarter worth approximately $889,000. California Public Employees Retirement System lifted its holdings in shares of QTS Realty Trust by 46.6% during the third quarter. California Public Employees Retirement System now owns 18,325 shares of the real estate investment trust’s stock worth $959,000 after buying an additional 5,825 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of QTS Realty Trust during the third quarter worth approximately $298,000. Highbridge Capital Management LLC acquired a new position in shares of QTS Realty Trust during the third quarter worth approximately $2,932,000. Finally, AMP Capital Investors Ltd lifted its holdings in shares of QTS Realty Trust by 12.7% during the third quarter. AMP Capital Investors Ltd now owns 7,994 shares of the real estate investment trust’s stock worth $419,000 after buying an additional 900 shares during the last quarter.

Shares of QTS Realty Trust (NYSE QTS) opened at $55.60 on Monday. The company has a market capitalization of $2,796.69, a P/E ratio of 21.30, a P/E/G ratio of 1.07 and a beta of 0.44. QTS Realty Trust has a 12 month low of $45.85 and a 12 month high of $61.55. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.09.

QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.59. The business had revenue of $113.77 million during the quarter, compared to analysts’ expectations of $113.64 million. QTS Realty Trust had a return on equity of 2.10% and a net margin of 4.67%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS. research analysts expect that QTS Realty Trust will post 2.71 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Tuesday, December 5th will be issued a $0.39 dividend. The ex-dividend date is Monday, December 4th. This represents a $1.56 annualized dividend and a yield of 2.81%. QTS Realty Trust’s dividend payout ratio (DPR) is currently 380.50%.

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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.

Analyst Recommendations for QTS Realty Trust (NYSE:QTS)

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