QTS Realty Trust Inc (NYSE:QTS) CEO Chad L. Williams purchased 17,500 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was acquired at an average price of $39.17 per share, with a total value of $685,475.00. Following the purchase, the chief executive officer now owns 356,028 shares of the company’s stock, valued at $13,945,616.76. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
NYSE:QTS opened at $39.95 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 1.09 and a beta of 0.76. QTS Realty Trust Inc has a 52 week low of $31.58 and a 52 week high of $61.55.
QTS Realty Trust (NYSE:QTS) last issued its earnings results on Monday, October 29th. The real estate investment trust reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.75). The firm 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 business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 EPS. On average, sell-side analysts anticipate that QTS Realty Trust Inc will post 2.19 earnings per share for the current fiscal year.
Several equities analysts have commented on the stock. 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 note on Wednesday, July 25th. Credit Suisse Group upgraded shares of QTS Realty Trust from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $30.00 to $42.00 in a research note on Wednesday, August 8th. Berenberg Bank assumed coverage on shares of QTS Realty Trust in a research note on Thursday, September 20th. They issued a “hold” rating and a $50.00 price target for the company. ValuEngine downgraded shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, October 29th. Finally, Zacks Investment Research downgraded shares of QTS Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $46.42.
Hedge funds have recently modified their holdings of the stock. WINTON GROUP Ltd acquired a new position in shares of QTS Realty Trust during the first quarter worth $204,000. OppenheimerFunds Inc. acquired a new position in shares of QTS Realty Trust during the second quarter worth $209,000. Commonwealth Equity Services LLC acquired a new position in shares of QTS Realty Trust during the second quarter worth $221,000. Advisors Asset Management Inc. grew its stake in shares of QTS Realty Trust by 79.6% during the second quarter. Advisors Asset Management Inc. now owns 5,974 shares of the real estate investment trust’s stock worth $236,000 after purchasing an additional 2,647 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its stake in shares of QTS Realty Trust by 54.3% during the first quarter. Xact Kapitalforvaltning AB now owns 6,823 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 2,400 shares in the last quarter.
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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 hyperscale and hybrid colocation provide flexible, scalable, secure IT solutions for web and IT applications.
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