QTS Realty Trust’s (QTS) “Buy” Rating Reaffirmed at Royal Bank of Canada

QTS Realty Trust (NYSE:QTS)‘s stock had its “buy” rating reaffirmed by stock analysts at Royal Bank of Canada in a research report issued on Thursday, AnalystRatings.com reports. They presently have a $52.00 target price on the real estate investment trust’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 7.68% from the stock’s current price.

Several other research analysts have also issued reports on QTS. Raymond James upgraded QTS Realty Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research note on Wednesday, July 31st. ValuEngine lowered QTS Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. BMO Capital Markets reiterated a “buy” rating and set a $49.00 price objective on shares of QTS Realty Trust in a research note on Wednesday, July 31st. Credit Suisse Group increased their price objective on QTS Realty Trust from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, Zacks Investment Research lowered QTS Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $49.57.

QTS Realty Trust stock traded down $0.32 during mid-day trading on Thursday, hitting $48.29. 246,385 shares of the company were exchanged, compared to its average volume of 442,148. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.79 and a quick ratio of 0.63. The business has a fifty day moving average of $45.61. QTS Realty Trust has a 1-year low of $34.27 and a 1-year high of $48.82. The company has a market capitalization of $2.60 billion, a P/E ratio of 18.57, a PEG ratio of 2.22 and a beta of 0.61.

QTS Realty Trust (NYSE:QTS) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.58). QTS Realty Trust had a return on equity of 2.95% and a net margin of 6.19%. The company had revenue of $119.17 million for the quarter, compared to analyst estimates of $114.53 million. During the same quarter in the prior year, the company earned $0.64 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. Research analysts anticipate that QTS Realty Trust will post 2.28 earnings per share for the current year.

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

Several large investors have recently made changes to their positions in the company. Westfield Capital Management Co. LP boosted its holdings in QTS Realty Trust by 9.5% in the first quarter. Westfield Capital Management Co. LP now owns 946,345 shares of the real estate investment trust’s stock valued at $42,576,000 after acquiring an additional 81,820 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in QTS Realty Trust by 3.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 833,179 shares of the real estate investment trust’s stock valued at $38,477,000 after acquiring an additional 28,529 shares during the last quarter. Jennison Associates LLC boosted its holdings in QTS Realty Trust by 1.6% in the second quarter. Jennison Associates LLC now owns 803,755 shares of the real estate investment trust’s stock valued at $37,117,000 after acquiring an additional 12,528 shares during the last quarter. Schroder Investment Management Group boosted its holdings in QTS Realty Trust by 2.6% in the second quarter. Schroder Investment Management Group now owns 642,095 shares of the real estate investment trust’s stock valued at $29,652,000 after acquiring an additional 16,458 shares during the last quarter. Finally, Investment Counselors of Maryland LLC boosted its holdings in QTS Realty Trust by 1.1% in the second quarter. Investment Counselors of Maryland LLC now owns 640,225 shares of the real estate investment trust’s stock valued at $29,566,000 after acquiring an additional 6,830 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.

Read More: What are popular green investing opportunities?

Analyst Recommendations for QTS Realty Trust (NYSE:QTS)

Receive News & Ratings for QTS Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QTS Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.