Raymond James Raises QTS Realty Trust (NYSE:QTS) Price Target to $58.00

QTS Realty Trust (NYSE:QTS) had its target price lifted by Raymond James from $50.00 to $58.00 in a research note published on Wednesday morning, Stock Target Advisor reports. Raymond James currently has an outperform rating on the real estate investment trust’s stock.

Several other brokerages have also weighed in on QTS. Royal Bank of Canada reaffirmed a buy rating and set a $52.00 price objective on shares of QTS Realty Trust in a research report on Thursday, August 8th. JPMorgan Chase & Co. raised shares of QTS Realty Trust from a neutral rating to an overweight rating and raised their price objective for the company from $50.00 to $65.00 in a research report on Tuesday, October 29th. Zacks Investment Research lowered shares of QTS Realty Trust from a buy rating to a hold rating in a research report on Wednesday, July 17th. BMO Capital Markets raised their price objective on shares of QTS Realty Trust from $50.00 to $60.00 and gave the company an outperform rating in a research report on Wednesday. Finally, KeyCorp raised their price objective on shares of QTS Realty Trust from $50.00 to $54.00 and gave the company an overweight rating in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $55.78.

Shares of QTS opened at $50.68 on Wednesday. The firm has a market cap of $2.98 billion, a PE ratio of 19.49, a PEG ratio of 2.52 and a beta of 0.54. The firm’s 50 day moving average price is $52.19 and its 200 day moving average price is $47.82. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.79 and a current ratio of 0.95. QTS Realty Trust has a twelve month low of $34.27 and a twelve month high of $55.13.

QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.61). The business had revenue of $125.26 million for the quarter, compared to the consensus estimate of $119.89 million. QTS Realty Trust had a net margin of 8.55% and a return on equity of 4.05%. QTS Realty Trust’s revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 EPS. On average, sell-side analysts anticipate that QTS Realty Trust will post 2.3 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in QTS. Zimmer Partners LP raised its position in shares of QTS Realty Trust by 12.6% in the second quarter. Zimmer Partners LP now owns 2,856,402 shares of the real estate investment trust’s stock valued at $131,909,000 after purchasing an additional 320,000 shares during the period. Vanguard Group Inc. raised its position in shares of QTS Realty Trust by 3.4% in the second quarter. Vanguard Group Inc. now owns 8,102,231 shares of the real estate investment trust’s stock valued at $374,161,000 after purchasing an additional 263,072 shares during the period. RE Advisers Corp bought a new position in shares of QTS Realty Trust in the second quarter valued at approximately $10,682,000. Great Lakes Advisors LLC bought a new position in shares of QTS Realty Trust in the second quarter valued at approximately $6,917,000. Finally, GW&K Investment Management LLC raised its position in shares of QTS Realty Trust by 13.8% in the third quarter. GW&K Investment Management LLC now owns 917,988 shares of the real estate investment trust’s stock valued at $47,194,000 after purchasing an additional 111,615 shares during the period.

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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