Shares of QTS Realty Trust Inc (NYSE:QTS) have earned a consensus rating of “Hold” from the nineteen brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $50.17.
A number of research firms have commented on QTS. Zacks Investment Research raised QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, February 21st. SunTrust Banks reaffirmed a “buy” rating on shares of QTS Realty Trust in a report on Thursday, February 22nd. Royal Bank of Canada reduced their target price on QTS Realty Trust to $42.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. They noted that the move was a valuation call. Raymond James Financial downgraded QTS Realty Trust from an “outperform” rating to an “underperform” rating in a report on Wednesday, February 21st. Finally, Wells Fargo & Co reaffirmed a “buy” rating and set a $37.00 target price (down previously from $63.00) on shares of QTS Realty Trust in a report on Thursday, February 22nd.
QTS Realty Trust (NYSE QTS) opened at $35.65 on Wednesday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.24. QTS Realty Trust has a 1-year low of $31.58 and a 1-year high of $61.55. The company has a market capitalization of $1,746.13, a P/E ratio of 1,782.50, a price-to-earnings-growth ratio of 0.68 and a beta of 0.71.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 22nd will be issued a $0.41 dividend. This is an increase from QTS Realty Trust’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, March 21st. This represents a $1.64 annualized dividend and a dividend yield of 4.60%. QTS Realty Trust’s dividend payout ratio (DPR) is 7,800.00%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB bought a new stake in shares of QTS Realty Trust in the 4th quarter worth approximately $240,000. MetLife Investment Advisors LLC bought a new stake in shares of QTS Realty Trust in the 4th quarter worth approximately $1,236,000. Land & Buildings Investment Management LLC lifted its holdings in shares of QTS Realty Trust by 23.2% in the 4th quarter. Land & Buildings Investment Management LLC now owns 478,860 shares of the real estate investment trust’s stock worth $25,935,000 after purchasing an additional 90,070 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in shares of QTS Realty Trust in the 4th quarter worth approximately $1,378,000. Finally, Ellington Management Group LLC bought a new stake in shares of QTS Realty Trust in the 4th quarter worth approximately $222,000.
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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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