QTS Realty Trust Inc (QTS) Receives Consensus Recommendation of “Buy” from Brokerages

QTS Realty Trust Inc (NYSE:QTS) has been given an average recommendation of “Buy” by the sixteen analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $46.42.

Several brokerages recently issued reports on QTS. Berenberg Bank began coverage on shares of QTS Realty Trust in a research report on Thursday, September 20th. They issued a “hold” rating and a $50.00 target price for the company. BMO Capital Markets cut their price target on shares of QTS Realty Trust from $51.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, October 31st. ValuEngine lowered shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, October 29th. Zacks Investment Research upgraded shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Finally, Raymond James restated a “hold” rating on shares of QTS Realty Trust in a research report on Monday, August 20th.

Shares of NYSE:QTS opened at $37.82 on Monday. QTS Realty Trust has a 52-week low of $31.58 and a 52-week high of $58.95. The firm has a market capitalization of $1.91 billion, a P/E ratio of 13.83, a P/E/G ratio of 1.03 and a beta of 0.76. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.28.

QTS Realty Trust (NYSE:QTS) last announced its earnings results on Monday, October 29th. The real estate investment trust reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.75). QTS Realty Trust had a positive return on equity of 0.40% and a negative net margin of 5.49%. The company had revenue of $112.20 million during the quarter, compared to analysts’ expectations of $105.28 million. During the same quarter last year, the firm posted $0.70 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. Sell-side analysts predict that QTS Realty Trust will post 2.19 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 8th. Shareholders of record on Friday, December 21st will be given a dividend of $0.41 per share. The ex-dividend date is Thursday, December 20th. This represents a $1.64 annualized dividend and a yield of 4.34%. QTS Realty Trust’s payout ratio is 59.42%.

In other news, Director Stephen E. Westhead sold 1,924 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $46.25, for a total transaction of $88,985.00. Following the completion of the transaction, the director now directly owns 5,014 shares of the company’s stock, valued at $231,897.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Chad L. Williams acquired 17,500 shares of the stock in a transaction dated Friday, November 2nd. The shares were purchased at an average cost of $39.17 per share, with a total value of $685,475.00. Following the completion of the purchase, the chief executive officer now owns 356,028 shares of the company’s stock, valued at approximately $13,945,616.76. The disclosure for this purchase can be found here. Corporate insiders own 16.10% of the company’s stock.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of QTS Realty Trust by 1.6% during the third quarter. Vanguard Group Inc. now owns 7,393,657 shares of the real estate investment trust’s stock valued at $315,487,000 after acquiring an additional 117,206 shares during the last quarter. BlackRock Inc. raised its stake in shares of QTS Realty Trust by 8.1% during the second quarter. BlackRock Inc. now owns 4,717,710 shares of the real estate investment trust’s stock valued at $186,351,000 after acquiring an additional 352,675 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of QTS Realty Trust by 78.8% during the third quarter. Wedge Capital Management L L P NC now owns 983,358 shares of the real estate investment trust’s stock valued at $41,960,000 after acquiring an additional 433,405 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of QTS Realty Trust by 1,658.4% during the second quarter. Citadel Advisors LLC now owns 905,197 shares of the real estate investment trust’s stock valued at $35,755,000 after acquiring an additional 853,720 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of QTS Realty Trust by 0.8% during the second quarter. Northern Trust Corp now owns 891,492 shares of the real estate investment trust’s stock valued at $35,214,000 after acquiring an additional 7,024 shares during the last quarter.

About QTS Realty Trust

QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of secure, compliant data center solutions, hybrid cloud and fully managed services. QTS' integrated technology service platform of hyperscale and hybrid colocation provides flexible, scalable, secure IT solutions for web and IT applications.

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Analyst Recommendations for QTS Realty Trust (NYSE:QTS)

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