QTS Realty Trust (NYSE:QTS) Rating Lowered to Hold at Zacks Investment Research

QTS Realty Trust (NYSE:QTS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “QTS Realty Trust Inc. is a real estate investment trust. It is an owner, developer and operator of carrier-neutral, multi-tenant data centers. QTS’s data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers. The Company refers to its spectrum of core data center products as its 3Cs which consists of Custom Data Center, Colocation and Cloud and Managed Services. QTS Realty Trust Inc. is headquartered in Kansas, United States. “

Several other brokerages have also recently weighed in on QTS. Royal Bank of Canada reaffirmed a “buy” rating and issued a $52.00 target price on shares of QTS Realty Trust in a report on Thursday, August 8th. ValuEngine cut shares of QTS Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. raised shares of QTS Realty Trust from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $50.00 to $65.00 in a research report on Tuesday, October 29th. 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 report on Tuesday, October 8th. Finally, Morgan Stanley raised shares of QTS Realty Trust from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $48.00 to $56.00 in a research report on Thursday, September 19th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $55.00.

Shares of NYSE QTS opened at $52.56 on Tuesday. The stock’s 50-day moving average is $52.44 and its two-hundred day moving average is $48.63. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.95 and a quick ratio of 0.95. QTS Realty Trust has a 1-year low of $34.27 and a 1-year high of $55.13. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 2.49 and a beta of 0.56.

QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.61). QTS Realty Trust had a net margin of 8.55% and a return on equity of 4.05%. The company had revenue of $125.26 million during the quarter, compared to analyst estimates of $119.89 million. During the same period in the prior year, the business earned $0.61 EPS. QTS Realty Trust’s revenue for the quarter was up 11.6% on a year-over-year basis. Equities research analysts anticipate that QTS Realty Trust will post 2.29 earnings per share for the current fiscal year.

In other QTS Realty Trust news, CFO Jeffrey H. Berson sold 49,522 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $50.88, for a total transaction of $2,519,679.36. Following the sale, the chief financial officer now owns 62,797 shares of the company’s stock, valued at $3,195,111.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William H. Schafer sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $53.55, for a total transaction of $267,750.00. Following the sale, the executive vice president now owns 51,265 shares of the company’s stock, valued at approximately $2,745,240.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 127,951 shares of company stock valued at $6,526,399. 13.40% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quest Capital Management Inc. ADV acquired a new stake in QTS Realty Trust during the 3rd quarter worth $26,000. Sandy Spring Bank purchased a new position in shares of QTS Realty Trust during the third quarter worth about $26,000. Quadrant Capital Group LLC purchased a new position in shares of QTS Realty Trust during the third quarter worth about $29,000. NEXT Financial Group Inc purchased a new position in shares of QTS Realty Trust during the second quarter worth about $36,000. Finally, Winslow Evans & Crocker Inc. increased its position in shares of QTS Realty Trust by 170.4% during the third quarter. Winslow Evans & Crocker Inc. now owns 676 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 426 shares in 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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