QTS Realty Trust (NYSE:QTS) Cut to Hold at Stifel Nicolaus

Stifel Nicolaus lowered shares of QTS Realty Trust (NYSE:QTS) from a buy rating to a hold rating in a research report released on Tuesday, Price Targets.com reports. Stifel Nicolaus currently has $78.00 price target on the real estate investment trust’s stock, up from their previous price target of $76.00.

Several other research analysts also recently commented on QTS. Mizuho cut their target price on QTS Realty Trust from $68.00 to $67.00 and set a buy rating on the stock in a report on Friday, March 12th. They noted that the move was a valuation call. Evercore ISI initiated coverage on QTS Realty Trust in a report on Wednesday, March 17th. They set an outperform rating and a $80.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut their target price on QTS Realty Trust from $72.00 to $69.00 and set a hold rating on the stock in a report on Wednesday, February 24th. Zacks Investment Research downgraded QTS Realty Trust from a buy rating to a hold rating in a report on Wednesday, February 24th. Finally, Cowen downgraded QTS Realty Trust from an outperform rating to a market perform rating and set a $78.00 target price on the stock. in a report on Monday. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. QTS Realty Trust presently has an average rating of Buy and a consensus price target of $75.25.

NYSE QTS opened at $78.17 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.69 and a current ratio of 0.69. QTS Realty Trust has a twelve month low of $55.91 and a twelve month high of $78.65. The firm has a market cap of $5.38 billion, a P/E ratio of -150.33 and a beta of 0.52. The firm’s fifty day moving average price is $65.17.

QTS Realty Trust (NYSE:QTS) last released its quarterly earnings data on Tuesday, April 27th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.63). QTS Realty Trust had a net margin of 2.80% and a return on equity of 1.30%. Equities research analysts anticipate that QTS Realty Trust will post 2.29 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 7th. Investors of record on Friday, June 18th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Thursday, June 17th. QTS Realty Trust’s payout ratio is 70.42%.

In other news, CEO Chad L. Williams sold 6,330 shares of the firm’s stock in a transaction that occurred on Thursday, April 22nd. The stock was sold at an average price of $67.08, for a total value of $424,616.40. Following the transaction, the chief executive officer now owns 226,727 shares in the company, valued at $15,208,847.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen E. Westhead sold 12,422 shares of QTS Realty Trust stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $63.30, for a total value of $786,312.60. Insiders sold a total of 30,613 shares of company stock valued at $1,962,757 over the last ninety days. 12.00% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Truvestments Capital LLC bought a new position in QTS Realty Trust during the 4th quarter valued at $27,000. Advisory Services Network LLC lifted its stake in QTS Realty Trust by 48.0% during the 4th quarter. Advisory Services Network LLC now owns 478 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 155 shares in the last quarter. Eaton Vance Management bought a new position in QTS Realty Trust during the 1st quarter valued at $32,000. International Assets Investment Management LLC lifted its stake in QTS Realty Trust by 69.7% during the 1st quarter. International Assets Investment Management LLC now owns 1,069 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 439 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd bought a new position in QTS Realty Trust during the 1st quarter valued at $117,000.

About QTS Realty Trust

QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of data center solutions across a diverse footprint spanning more than 7 million square feet of owned data center space throughout primarily North America and Europe. Through its software-defined technology platform, QTS is able to deliver secure, compliant infrastructure solutions, robust connectivity and premium customer service to leading hyperscale technology companies, enterprises, and government entities.

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Analyst Recommendations for QTS Realty Trust (NYSE:QTS)

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