QTS Realty Trust, Inc. (NYSE:QTS) EVP William H. Schafer sold 12,500 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $54.46, for a total transaction of $680,750.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
QTS Realty Trust, Inc. (QTS) opened at $53.57 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.84 and a current ratio of 0.84. QTS Realty Trust, Inc. has a one year low of $46.19 and a one year high of $61.55. The firm has a market cap of $2,694.08, a price-to-earnings ratio of 20.52, a PEG ratio of 1.03 and a beta of 0.44.
QTS Realty Trust (NYSE:QTS) last released its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.59. QTS Realty Trust had a net margin of 4.67% and a return on equity of 2.10%. The company had revenue of $113.77 million for the quarter, compared to analysts’ expectations of $113.64 million. During the same quarter in the previous year, the company earned $0.67 EPS. QTS Realty Trust’s revenue for the quarter was up 10.0% on a year-over-year basis. equities research analysts forecast that QTS Realty Trust, Inc. will post 2.71 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management purchased a new position in shares of QTS Realty Trust during the 3rd quarter valued at $115,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of QTS Realty Trust by 15.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,399 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 453 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of QTS Realty Trust during the 2nd quarter valued at $200,000. PNC Financial Services Group Inc. lifted its stake in shares of QTS Realty Trust by 4,127.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,974 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 3,880 shares in the last quarter. Finally, Harbor Advisors LLC purchased a new position in shares of QTS Realty Trust during the 2nd quarter valued at $209,000.
Several research firms have recently weighed in on QTS. Jefferies Group decreased their price target on shares of QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, November 20th. Wells Fargo & Company increased their target price on QTS Realty Trust from $62.50 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, November 15th. Credit Suisse Group set a $55.00 target price on QTS Realty Trust and gave the company a “hold” rating in a research note on Tuesday, November 14th. J P Morgan Chase & Co upped their price target on shares of QTS Realty Trust from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research lowered shares of QTS Realty Trust from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $59.00.
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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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