QTS Realty Trust, Inc. (NYSE:QTS)‘s stock had its “buy” rating reissued by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday, July 28th. They presently have a $60.00 target price on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 12.30% from the stock’s current price.
Several other brokerages also recently issued reports on QTS. BidaskClub upgraded shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. TheStreet downgraded shares of QTS Realty Trust from a “b-” rating to a “c” rating in a research report on Tuesday, July 25th. Canaccord Genuity restated a “buy” rating and set a $59.00 target price on shares of QTS Realty Trust in a research report on Tuesday, May 2nd. Jefferies Group LLC restated a “buy” rating and set a $60.00 target price on shares of QTS Realty Trust in a research report on Friday, June 9th. Finally, Zacks Investment Research upgraded shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $57.08.
QTS Realty Trust (QTS) opened at 53.43 on Friday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 136.30 and a beta of 0.47. The firm’s 50-day moving average is $53.06 and its 200 day moving average is $51.50. QTS Realty Trust has a 12 month low of $43.01 and a 12 month high of $56.54.
QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. The business had revenue of $107.86 million for the quarter, compared to the consensus estimate of $107.66 million. QTS Realty Trust had a net margin of 4.60% and a return on equity of 2.04%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. Equities analysts predict that QTS Realty Trust will post $0.45 earnings per share for the current year.
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In other QTS Realty Trust news, Director Stephen E. Westhead sold 9,425 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $54.44, for a total transaction of $513,097.00. Following the completion of the transaction, the director now owns 11,349 shares of the company’s stock, valued at approximately $617,839.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP William H. Schafer sold 16,260 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $54.47, for a total value of $885,682.20. Following the transaction, the executive vice president now directly owns 67,735 shares of the company’s stock, valued at approximately $3,689,525.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 747,496 shares of company stock valued at $40,531,101. 17.30% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in QTS Realty Trust by 24.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 558,160 shares of the real estate investment trust’s stock valued at $27,712,000 after buying an additional 108,503 shares during the last quarter. Norges Bank bought a new stake in QTS Realty Trust during the fourth quarter valued at approximately $22,828,000. Teachers Advisors LLC increased its stake in QTS Realty Trust by 77.7% in the fourth quarter. Teachers Advisors LLC now owns 595,581 shares of the real estate investment trust’s stock valued at $29,571,000 after buying an additional 260,358 shares during the last quarter. Peregrine Capital Management LLC increased its stake in QTS Realty Trust by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 630,000 shares of the real estate investment trust’s stock valued at $30,259,000 after buying an additional 43,464 shares during the last quarter. Finally, Spirit of America Management Corp NY increased its stake in QTS Realty Trust by 4.4% in the first quarter. Spirit of America Management Corp NY now owns 47,800 shares of the real estate investment trust’s stock valued at $2,330,000 after buying an additional 2,000 shares during the last quarter.
QTS Realty Trust Company Profile
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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