QTS Realty Trust (NYSE:QTS) was downgraded by Jefferies Group from a “buy” rating to a “hold” rating in a research report issued on Friday, The Fly reports.
A number of other analysts also recently issued reports on QTS. Wells Fargo & Co set a $37.00 price target on QTS Realty Trust and gave the company a “buy” rating in a research report on Thursday. Bank of America dropped their price target on QTS Realty Trust from $62.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday. SunTrust Banks reiterated a “buy” rating on shares of QTS Realty Trust in a research report on Thursday. Guggenheim downgraded QTS Realty Trust from a “buy” rating to a “neutral” rating in a research report on Thursday. Finally, Raymond James Financial downgraded QTS Realty Trust from an “outperform” rating to an “underperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $55.29.
QTS Realty Trust (QTS) opened at $34.37 on Friday. QTS Realty Trust has a 12 month low of $31.58 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. The company has a market capitalization of $1,720.00, a PE ratio of 1,718.50, a price-to-earnings-growth ratio of 0.63 and a beta of 0.29.
QTS Realty Trust (NYSE:QTS) last issued its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. QTS Realty Trust had a return on equity of 3.17% and a net margin of 0.29%. The business had revenue of $118.90 million during the quarter, compared to the consensus estimate of $118.30 million. During the same quarter last year, the company earned $0.64 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. equities analysts expect that QTS Realty Trust will post 2.81 earnings per share for the current year.
In related news, EVP William H. Schafer sold 12,500 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $54.46, for a total transaction of $680,750.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 17.30% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Picton Mahoney Asset Management purchased a new position in shares of QTS Realty Trust during the 3rd quarter valued at about $115,000. Opus Capital Group LLC purchased a new position in shares of QTS Realty Trust during the 4th quarter valued at about $206,000. ETRADE Capital Management LLC purchased a new position in shares of QTS Realty Trust during the 3rd quarter valued at about $220,000. Ellington Management Group LLC purchased a new position in shares of QTS Realty Trust during the 4th quarter valued at about $222,000. Finally, Quantbot Technologies LP raised its holdings in shares of QTS Realty Trust by 752.5% during the 3rd quarter. Quantbot Technologies LP now owns 4,348 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 3,838 shares in the last quarter.
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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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