QTS Realty Trust Inc (NYSE:QTS) has earned an average recommendation of “Hold” from the twenty research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $49.77.
Several brokerages have commented on QTS. Zacks Investment Research upgraded shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, February 21st. SunTrust Banks restated a “buy” rating on shares of QTS Realty Trust in a research report on Thursday, February 22nd. Royal Bank of Canada decreased their target price on shares of QTS Realty Trust to $42.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. They noted that the move was a valuation call. Raymond James Financial cut shares of QTS Realty Trust from an “outperform” rating to an “underperform” rating in a research report on Wednesday, February 21st. Finally, Goldman Sachs upgraded shares of QTS Realty Trust from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Friday.
Shares of QTS Realty Trust (NYSE:QTS) traded up $0.65 during mid-day trading on Wednesday, reaching $37.74. 1,364,440 shares of the company’s stock traded hands, compared to its average volume of 1,428,035. The stock has a market cap of $1,876.67, a PE ratio of 1,887.00, a P/E/G ratio of 0.73 and a beta of 0.71. QTS Realty Trust has a 1-year low of $31.58 and a 1-year high of $61.55. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.49 and a current ratio of 0.49.
QTS Realty Trust (NYSE:QTS) last announced its quarterly 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. The business had revenue of $118.90 million for the quarter, compared to analysts’ expectations of $118.30 million. QTS Realty Trust had a net margin of 0.29% and a return on equity of 3.15%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 EPS. research analysts forecast that QTS Realty Trust will post 2.62 EPS for the current fiscal year.
The company 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 dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.35%. This is an increase from QTS Realty Trust’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, March 21st. QTS Realty Trust’s dividend payout ratio is presently 7,800.00%.
Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its holdings in QTS Realty Trust by 19.1% during the 3rd quarter. Wells Fargo & Company MN now owns 241,943 shares of the real estate investment trust’s stock valued at $12,669,000 after purchasing an additional 38,858 shares during the last quarter. RMR Advisors LLC bought a new position in QTS Realty Trust during the 4th quarter valued at about $542,000. Forsta AP Fonden bought a new position in QTS Realty Trust during the 4th quarter valued at about $1,013,000. Bank of New York Mellon Corp grew its holdings in QTS Realty Trust by 141.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 645,265 shares of the real estate investment trust’s stock valued at $33,785,000 after purchasing an additional 378,397 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in QTS Realty Trust by 3.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 689,730 shares of the real estate investment trust’s stock valued at $36,114,000 after purchasing an additional 25,487 shares during 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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