QTS Realty Trust (NYSE:QTS) has been given a consensus recommendation of “Hold” by the twenty ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $48.62.
A number of research analysts recently weighed in on QTS shares. Zacks Investment Research lowered shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Credit Suisse Group lowered shares of QTS Realty Trust from a “neutral” rating to an “underperform” rating and set a $43.00 price target on the stock. in a research report on Wednesday, January 17th. Raymond James Financial lowered shares of QTS Realty Trust from an “outperform” rating to an “underperform” rating in a research report on Wednesday, February 21st. Guggenheim lowered shares of QTS Realty Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, February 22nd. Finally, Bank of America dropped their price target on shares of QTS Realty Trust from $62.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 22nd.
Several hedge funds and other institutional investors have recently bought and sold shares of QTS. Opus Capital Group LLC bought a new stake in shares of QTS Realty Trust in the fourth quarter valued at approximately $206,000. Ellington Management Group LLC bought a new stake in shares of QTS Realty Trust in the fourth quarter valued at approximately $222,000. Xact Kapitalforvaltning AB bought a new stake in shares of QTS Realty Trust in the fourth quarter valued at approximately $240,000. Cubist Systematic Strategies LLC bought a new stake in shares of QTS Realty Trust in the third quarter valued at approximately $298,000. Finally, AMP Capital Investors Ltd raised its position in shares of QTS Realty Trust by 12.7% in the third quarter. AMP Capital Investors Ltd now owns 7,994 shares of the real estate investment trust’s stock valued at $419,000 after purchasing an additional 900 shares during the period.
QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. QTS Realty Trust had a net margin of 0.29% and a return on equity of 3.15%. The firm had revenue of $118.90 million during the quarter, compared to analysts’ expectations of $118.30 million. During the same period last year, the company earned $0.64 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis. equities research analysts anticipate that QTS Realty Trust will post 2.65 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Thursday, March 22nd were given a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, March 21st. This represents a $1.64 annualized dividend and a dividend yield of 4.64%. This is a positive change from QTS Realty Trust’s previous quarterly dividend of $0.39. QTS Realty Trust’s payout ratio is 59.42%.
QTS Realty Trust Company Profile
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 custom data center (C1), colocation (C2) and cloud and managed services (C3) provides flexible, scalable, secure IT solutions for web and IT applications.
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