QTS Realty Trust (NYSE:QTS) PT Raised to $54.00 at KeyCorp

QTS Realty Trust (NYSE:QTS) had its price objective increased by KeyCorp from $50.00 to $54.00 in a research note issued to investors on Tuesday morning, BenzingaRatingsTable reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

A number of other equities analysts also recently commented on the stock. ValuEngine downgraded shares of QTS Realty Trust from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Credit Suisse Group upped their target price on shares of QTS Realty Trust from $44.00 to $46.00 and gave the stock a neutral rating in a research note on Wednesday, July 31st. Guggenheim set a $54.00 target price on shares of QTS Realty Trust and gave the stock a buy rating in a research note on Thursday, September 12th. Morgan Stanley upgraded shares of QTS Realty Trust from an equal weight rating to an overweight rating and upped their target price for the stock from $48.00 to $56.00 in a research note on Thursday, September 19th. Finally, BMO Capital Markets restated a buy rating and issued a $49.00 target price on shares of QTS Realty Trust in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $51.67.

Shares of QTS stock opened at $52.28 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $2.91 billion, a P/E ratio of 20.42, a P/E/G ratio of 2.47 and a beta of 0.57. The company’s 50-day simple moving average is $49.93 and its two-hundred day simple moving average is $46.81. QTS Realty Trust has a one year low of $34.27 and a one year high of $53.12.

QTS Realty Trust (NYSE:QTS) last issued its earnings results on Monday, July 29th. The real estate investment trust reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.58). The company had revenue of $119.17 million during the quarter, compared to the consensus estimate of $114.53 million. QTS Realty Trust had a return on equity of 2.95% and a net margin of 6.19%. QTS Realty Trust’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. On average, research analysts expect that QTS Realty Trust will post 2.3 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.44 per share. The ex-dividend date was Wednesday, September 18th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.37%. QTS Realty Trust’s dividend payout ratio is presently 67.69%.

In other QTS Realty Trust news, Director Wayne M. Rehberger acquired 1,100 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $45.50 per share, for a total transaction of $50,050.00. Following the completion of the purchase, the director now owns 3,046 shares in the company, valued at $138,593. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 13.40% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in QTS Realty Trust by 157.4% in the third quarter. Pacer Advisors Inc. now owns 109,297 shares of the real estate investment trust’s stock valued at $5,619,000 after acquiring an additional 66,832 shares in the last quarter. Scout Investments Inc. boosted its stake in QTS Realty Trust by 7.2% in the third quarter. Scout Investments Inc. now owns 104,643 shares of the real estate investment trust’s stock valued at $5,380,000 after acquiring an additional 7,041 shares in the last quarter. Cresset Asset Management LLC boosted its stake in QTS Realty Trust by 213.3% in the second quarter. Cresset Asset Management LLC now owns 4,439 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 3,022 shares in the last quarter. Royal Bank of Canada boosted its stake in QTS Realty Trust by 6.0% in the second quarter. Royal Bank of Canada now owns 56,795 shares of the real estate investment trust’s stock valued at $2,624,000 after acquiring an additional 3,202 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in QTS Realty Trust by 173.3% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,678 shares of the real estate investment trust’s stock valued at $124,000 after acquiring an additional 1,698 shares in the last quarter.

QTS Realty Trust Company Profile

QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of data center solutions across a diverse footprint spanning more than 6 million square feet of owned mega scale data center space throughout North America. 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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