QTS Realty Trust (NYSE:QTS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
According to Zacks, “QTS Realty Trust Inc. is a real estate investment trust. It is an owner, developer and operator of carrier-neutral, multi-tenant data centers. QTS’s data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers. The Company refers to its spectrum of core data center products as its 3Cs which consists of Custom Data Center, Colocation and Cloud and Managed Services. QTS Realty Trust Inc. is headquartered in Kansas, United States. “
Several other research analysts also recently issued reports on QTS. Guggenheim upgraded shares of QTS Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the stock from $45.00 to $46.00 in a research report on Wednesday. ValuEngine downgraded shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday. BMO Capital Markets set a $51.00 price target on shares of QTS Realty Trust and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Stifel Nicolaus set a $48.00 price target on shares of QTS Realty Trust and gave the stock a “buy” rating in a research report on Tuesday, July 17th. Finally, Wells Fargo & Co upped their price target on shares of QTS Realty Trust from $38.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $46.42.
Shares of NYSE QTS opened at $39.69 on Friday. The stock has a market cap of $1.87 billion, a P/E ratio of 14.38, a P/E/G ratio of 0.99 and a beta of 0.66. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.94 and a current ratio of 0.94. QTS Realty Trust has a 12-month low of $31.58 and a 12-month high of $61.55.
QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings results on Monday, October 29th. The real estate investment trust reported ($0.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.75). The company had revenue of $112.20 million for the quarter, compared to analyst estimates of $105.28 million. QTS Realty Trust had a positive return on equity of 0.38% and a negative net margin of 5.49%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company earned $0.70 EPS. On average, sell-side analysts forecast that QTS Realty Trust will post 2.18 earnings per share for the current fiscal year.
In other news, Director Stephen E. Westhead sold 1,924 shares of the company’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $46.25, for a total value of $88,985.00. Following the completion of the sale, the director now directly owns 5,014 shares of the company’s stock, valued at approximately $231,897.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Catherine R. Kinney purchased 1,400 shares of the stock in a transaction dated Monday, August 6th. The stock was bought at an average cost of $44.07 per share, with a total value of $61,698.00. Following the completion of the purchase, the director now owns 11,657 shares in the company, valued at $513,723.99. The disclosure for this purchase can be found here. Insiders own 16.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC grew its holdings in QTS Realty Trust by 1,658.4% during the second quarter. Citadel Advisors LLC now owns 905,197 shares of the real estate investment trust’s stock worth $35,755,000 after buying an additional 853,720 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in QTS Realty Trust by 78.8% in the third quarter. Wedge Capital Management L L P NC now owns 983,358 shares of the real estate investment trust’s stock worth $41,960,000 after purchasing an additional 433,405 shares during the last quarter. BlackRock Inc. boosted its position in QTS Realty Trust by 8.1% in the second quarter. BlackRock Inc. now owns 4,717,710 shares of the real estate investment trust’s stock worth $186,351,000 after purchasing an additional 352,675 shares during the last quarter. Mesirow Financial Investment Management Equity Management purchased a new position in QTS Realty Trust in the second quarter worth $12,470,000. Finally, Peregrine Capital Management LLC boosted its position in QTS Realty Trust by 44.1% in the second quarter. Peregrine Capital Management LLC now owns 739,463 shares of the real estate investment trust’s stock worth $29,209,000 after purchasing an additional 226,398 shares during the last quarter.
QTS Realty Trust Company Profile
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 hyperscale and hybrid colocation provide flexible, scalable, secure IT solutions for web and IT applications.
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