QTS Realty Trust (NYSE:QTS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

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. “

Several other brokerages also recently issued reports on QTS. Credit Suisse Group set a $55.00 price target on QTS Realty Trust and gave the company a “hold” rating in a report on Tuesday, November 14th. Jefferies Group cut their price target on QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating for the company in a report on Monday, November 20th. JPMorgan Chase & Co. raised their price target on QTS Realty Trust from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 30th. SunTrust Banks raised their price target on QTS Realty Trust from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Wells Fargo & Co raised their price target on QTS Realty Trust from $62.50 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. QTS Realty Trust has an average rating of “Buy” and a consensus target price of $59.00.

QTS Realty Trust (QTS) traded up $0.26 during trading hours on Thursday, hitting $53.15. 420,669 shares of the company traded hands, compared to its average volume of 417,093. QTS Realty Trust has a twelve month low of $46.32 and a twelve 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. The company has a market capitalization of $2,673.45, a PE ratio of 129.64, a PEG ratio of 0.95 and a beta of 0.44.

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

In other news, insider Shirley E. Goza sold 11,507 shares of QTS Realty Trust stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $58.24, for a total transaction of $670,167.68. Following the completion of the sale, the insider now owns 16,770 shares of the company’s stock, valued at $976,684.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William H. Schafer sold 12,500 shares of QTS Realty Trust stock in a transaction on Monday, December 4th. The stock was sold at an average price of $54.46, for a total value of $680,750.00. The disclosure for this sale can be found here. Insiders have sold 37,201 shares of company stock valued at $2,112,933 in the last three months. Insiders own 17.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of QTS Realty Trust by 0.4% during the second quarter. Vanguard Group Inc. now owns 7,041,576 shares of the real estate investment trust’s stock worth $368,486,000 after buying an additional 30,800 shares in the last quarter. BlackRock Inc. increased its position in shares of QTS Realty Trust by 3.6% in the second quarter. BlackRock Inc. now owns 4,198,833 shares of the real estate investment trust’s stock worth $219,723,000 after purchasing an additional 145,235 shares during the period. Brookfield Asset Management Inc. increased its position in shares of QTS Realty Trust by 7.8% in the second quarter. Brookfield Asset Management Inc. now owns 1,672,745 shares of the real estate investment trust’s stock worth $87,535,000 after purchasing an additional 120,695 shares during the period. Jennison Associates LLC increased its position in shares of QTS Realty Trust by 39.7% in the third quarter. Jennison Associates LLC now owns 1,223,816 shares of the real estate investment trust’s stock worth $64,079,000 after purchasing an additional 347,554 shares during the period. Finally, Voya Investment Management LLC increased its position in shares of QTS Realty Trust by 7.1% in the second quarter. Voya Investment Management LLC now owns 1,206,826 shares of the real estate investment trust’s stock worth $63,153,000 after purchasing an additional 79,518 shares during the period.

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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.

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