Credit Suisse Group set a $55.00 price target on QTS Realty Trust, Inc. (NYSE:QTS) in a research report report published on Thursday, October 26th. The firm currently has a hold rating on the real estate investment trust’s stock.
A number of other equities analysts have also recently weighed in on QTS. TheStreet raised QTS Realty Trust from a c rating to a b- rating in a research note on Tuesday, October 24th. Royal Bank Of Canada reissued a buy rating and issued a $60.00 price target on shares of QTS Realty Trust in a research note on Wednesday, September 6th. BidaskClub cut QTS Realty Trust from a hold rating to a sell rating in a research note on Saturday, July 8th. Morgan Stanley reaffirmed an equal weight rating and set a $58.00 target price (up previously from $53.00) on shares of QTS Realty Trust in a research note on Friday, August 25th. Finally, Zacks Investment Research cut QTS Realty Trust from a hold rating to a sell rating in a research note on Wednesday, July 12th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of $57.85.
Shares of QTS Realty Trust (NYSE QTS) remained flat at $$60.15 during midday trading on Thursday. 314,700 shares of the stock traded hands, compared to its average volume of 492,060. The firm has a market capitalization of $3,025.54, a P/E ratio of 23.05, a PEG ratio of 1.03 and a beta of 0.48. QTS Realty Trust has a 52 week low of $43.95 and a 52 week high of $60.60. The company has a quick ratio of 1.03, a current ratio of 0.84 and a debt-to-equity ratio of 1.09.
QTS Realty Trust (NYSE:QTS) last released its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.59. The firm had revenue of $113.77 million for the quarter, compared to analyst estimates of $113.64 million. QTS Realty Trust had a return on equity of 2.10% and a net margin of 4.67%. QTS Realty Trust’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 earnings per share. equities analysts anticipate that QTS Realty Trust will post 2.7 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, December 5th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Monday, December 4th. QTS Realty Trust’s dividend payout ratio is currently 380.50%.
In other news, CEO Chad L. Williams sold 682,576 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $54.25, for a total transaction of $37,029,748.00. Following 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, insider Jon D. Greaves sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $54.39, for a total value of $135,975.00. Following the sale, the insider now owns 24,717 shares in the company, valued at $1,344,357.63. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 732,541 shares of company stock worth $39,756,070. Company insiders own 17.30% of the company’s stock.
Large investors have recently made changes to their positions in the business. Prudential Financial Inc. grew its position in QTS Realty Trust by 15,615.8% in the second quarter. Prudential Financial Inc. now owns 666,350 shares of the real estate investment trust’s stock valued at $34,870,000 after acquiring an additional 662,110 shares during the period. Scout Investments Inc. grew its position in QTS Realty Trust by 14.3% in the second quarter. Scout Investments Inc. now owns 39,650 shares of the real estate investment trust’s stock valued at $2,075,000 after acquiring an additional 4,950 shares during the period. BlackRock Inc. grew its position in 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 valued at $219,723,000 after acquiring an additional 145,235 shares during the period. IndexIQ Advisors LLC grew its position in QTS Realty Trust by 15.0% in the second quarter. IndexIQ Advisors LLC now owns 49,443 shares of the real estate investment trust’s stock valued at $2,587,000 after acquiring an additional 6,438 shares during the period. Finally, Lord Abbett & CO. LLC bought a new stake in QTS Realty Trust in the second quarter valued at $48,171,000.
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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