Stock analysts at Moffett Nathanson started coverage on shares of QTS Realty Trust (NYSE:QTS) in a research report issued on Monday. The brokerage set a “hold” rating and a $40.00 price target on the real estate investment trust’s stock. Moffett Nathanson’s price target suggests a potential upside of 11.92% from the stock’s previous close.
Several other research analysts also recently issued reports on the stock. Guggenheim downgraded shares of QTS Realty Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, February 22nd. Royal Bank of Canada decreased their price objective on shares of 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. Zacks Investment Research downgraded shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Wells Fargo reissued a “buy” rating and set a $37.00 price objective (down previously from $63.00) on shares of QTS Realty Trust in a report on Thursday, February 22nd. Finally, Bank of America decreased their price objective on shares of QTS Realty Trust from $62.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. QTS Realty Trust has an average rating of “Hold” and a consensus price target of $50.40.
NYSE:QTS opened at $35.74 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market cap of $1,808.36, a P/E ratio of 12.95, a P/E/G ratio of 0.69 and a beta of 0.58. QTS Realty Trust has a fifty-two week low of $31.58 and a fifty-two week high of $61.55.
QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. QTS Realty Trust had a net margin of 0.29% and a return on equity of 3.15%. The company had revenue of $118.90 million during the quarter, compared to analysts’ expectations of $118.30 million. During the same quarter last year, the company posted $0.64 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. equities analysts forecast that QTS Realty Trust will post 2.65 EPS for the current year.
Several large investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB acquired a new position in shares of QTS Realty Trust in the fourth quarter valued at approximately $240,000. MetLife Investment Advisors LLC acquired a new position in shares of QTS Realty Trust in the fourth quarter valued at approximately $1,236,000. Land & Buildings Investment Management LLC raised its position in shares of QTS Realty Trust by 23.2% in the fourth quarter. Land & Buildings Investment Management LLC now owns 478,860 shares of the real estate investment trust’s stock valued at $25,935,000 after buying an additional 90,070 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of QTS Realty Trust in the fourth quarter valued at approximately $1,378,000. Finally, Ellington Management Group LLC acquired a new position in shares of QTS Realty Trust in the fourth quarter valued at approximately $222,000.
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About QTS Realty Trust
QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of secure, compliant data center solutions, hybrid cloud and fully managed services. QTS' integrated technology service platform of custom data center (C1), colocation (C2) and cloud and managed services (C3) provides flexible, scalable, secure IT solutions for web and IT applications.
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