Shares of QTS Realty Trust Inc (NYSE:QTS) have been assigned a consensus recommendation of “Buy” from the ten analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $51.29.
A number of equities analysts recently issued reports on the stock. Morgan Stanley upgraded shares of QTS Realty Trust from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $48.00 to $56.00 in a research note on Thursday. BMO Capital Markets restated a “buy” rating and set a $49.00 target price on shares of QTS Realty Trust in a research note on Wednesday, July 31st. ValuEngine upgraded shares of QTS Realty Trust from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Raymond James upgraded shares of QTS Realty Trust from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Wednesday, July 31st. Finally, Credit Suisse Group upped their target price on shares of QTS Realty Trust from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st.
In other news, Director Wayne M. Rehberger bought 1,100 shares of QTS Realty Trust stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of $45.50 per share, with a total value of $50,050.00. Following the acquisition, the director now owns 3,046 shares of the company’s stock, valued at approximately $138,593. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 13.40% of the stock is owned by corporate insiders.
QTS Realty Trust stock traded up $0.84 during mid-day trading on Friday, reaching $50.09. The stock had a trading volume of 6,462 shares, compared to its average volume of 297,300. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 2.31 and a beta of 0.56. The company has a 50-day moving average price of $48.27 and a two-hundred day moving average price of $45.87. QTS Realty Trust has a one year low of $34.27 and a one year high of $50.15. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.79 and a quick ratio of 0.79.
QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.58). The firm had revenue of $119.17 million during the quarter, compared to the consensus estimate of $114.53 million. QTS Realty Trust had a return on equity of 2.95% and a net margin of 6.19%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 EPS. On average, equities research analysts anticipate that QTS Realty Trust will post 2.3 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Wednesday, September 18th. QTS Realty Trust’s payout ratio is currently 67.69%.
About QTS Realty Trust
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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