Analysts Set QTS Realty Trust Inc (NYSE:QTS) Target Price at $46.83

QTS Realty Trust Inc (NYSE:QTS) has been given a consensus rating of “Buy” by the ten research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $46.83.

QTS has been the topic of several research analyst reports. ValuEngine upgraded shares of QTS Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. BMO Capital Markets set a $49.00 price target on shares of QTS Realty Trust and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Zacks Investment Research upgraded shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of QTS Realty Trust in a research note on Tuesday, February 26th.

Shares of QTS traded down $0.13 during trading hours on Friday, reaching $45.28. 6,150 shares of the stock traded hands, compared to its average volume of 468,620. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.63 and a current ratio of 0.63. QTS Realty Trust has a 52-week low of $34.27 and a 52-week high of $46.96. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 2.14 and a beta of 0.66.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 25th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.89%. The ex-dividend date is Monday, June 24th. QTS Realty Trust’s payout ratio is currently 67.69%.

In other QTS Realty Trust news, CEO Chad L. Williams bought 7,230 shares of QTS Realty Trust stock in a transaction dated Thursday, May 30th. The shares were purchased at an average cost of $45.88 per share, for a total transaction of $331,712.40. Following the acquisition, the chief executive officer now directly owns 397,787 shares in the company, valued at approximately $18,250,467.56. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jon D. Greaves sold 5,555 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $45.55, for a total transaction of $253,030.25. Following the completion of the sale, the insider now owns 41,520 shares in the company, valued at $1,891,236. The disclosure for this sale can be found here. 13.40% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans bought a new position in QTS Realty Trust during the 4th quarter valued at about $37,929,000. Norges Bank bought a new position in QTS Realty Trust during the 4th quarter valued at about $23,068,000. Jennison Associates LLC grew its holdings in QTS Realty Trust by 93.3% during the 1st quarter. Jennison Associates LLC now owns 791,227 shares of the real estate investment trust’s stock valued at $35,597,000 after purchasing an additional 381,819 shares during the last quarter. Cbre Clarion Securities LLC grew its holdings in QTS Realty Trust by 107.7% during the 1st quarter. Cbre Clarion Securities LLC now owns 707,426 shares of the real estate investment trust’s stock valued at $31,827,000 after purchasing an additional 366,746 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its holdings in QTS Realty Trust by 66,194.6% during the 1st quarter. Centersquare Investment Management LLC now owns 304,292 shares of the real estate investment trust’s stock valued at $13,690,000 after purchasing an additional 303,833 shares during 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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