Brokerages Set QTS Realty Trust Inc (QTS) Target Price at $57.91

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.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jennison Associates LLC increased its position in shares of QTS Realty Trust by 18.2% during the fourth quarter. Jennison Associates LLC now owns 1,446,978 shares of the real estate investment trust’s stock worth $78,368,000 after purchasing an additional 223,162 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of QTS Realty Trust by 87.0% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 28,346 shares of the real estate investment trust’s stock worth $1,535,000 after purchasing an additional 13,185 shares in the last quarter. Legato Capital Management LLC increased its position in shares of QTS Realty Trust by 273.5% during the fourth quarter. Legato Capital Management LLC now owns 18,141 shares of the real estate investment trust’s stock worth $983,000 after purchasing an additional 13,284 shares in the last quarter. Peregrine Capital Management LLC increased its position in shares of QTS Realty Trust by 10.7% during the fourth quarter. Peregrine Capital Management LLC now owns 719,646 shares of the real estate investment trust’s stock worth $38,976,000 after purchasing an additional 69,444 shares in the last quarter. Finally, RMR Advisors LLC purchased a new stake in shares of QTS Realty Trust during the fourth quarter worth approximately $542,000.

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%.

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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.

Analyst Recommendations for QTS Realty Trust (NYSE:QTS)

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