QTS Realty Trust Inc (NYSE:QTS) has been assigned a consensus rating of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $57.91.
A number of brokerages have issued reports on QTS. Wells Fargo & Co boosted their price target on QTS Realty Trust from $62.50 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, November 15th. Credit Suisse Group set a $55.00 price target on QTS Realty Trust and gave the company a “hold” rating in a report on Tuesday, November 14th. SunTrust Banks boosted their price target on QTS Realty Trust from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, October 26th. TheStreet raised QTS Realty Trust from a “c” rating to a “b-” rating in a report on Tuesday, October 24th. Finally, Jefferies Group decreased their price target on QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating for the company in a report on Monday, November 20th.
In related news, EVP William H. Schafer sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $54.46, for a total transaction of $680,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO James H. Reinhart sold 4,050 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $58.42, for a total value of $236,601.00. Following the sale, the chief operating officer now owns 65,595 shares of the company’s stock, valued at $3,832,059.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,201 shares of company stock valued at $2,112,933. Corporate insiders own 17.30% of the company’s stock.
Shares of QTS Realty Trust (QTS) traded down $0.13 during trading hours on Tuesday, reaching $50.20. The company’s stock had a trading volume of 25,663 shares, compared to its average volume of 436,014. QTS Realty Trust has a one year low of $46.32 and a one year high of $61.55. The firm has a market capitalization of $2,540.65, a P/E ratio of 19.35, a PEG ratio of 0.90 and a beta of 0.44. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.84 and a quick ratio of 0.84.
QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.59. QTS Realty Trust had a return on equity of 2.10% and a net margin of 4.67%. The company had revenue of $113.77 million during the quarter, compared to the consensus estimate of $113.64 million. During the same period in the previous year, the company posted $0.67 earnings per share. QTS Realty Trust’s revenue for the quarter was up 10.0% on a year-over-year basis. equities research analysts anticipate that QTS Realty Trust will post 2.71 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Tuesday, December 5th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Monday, December 4th. QTS Realty Trust’s payout ratio is 380.50%.
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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