QTS Realty Trust (NYSE:QTS) Sets New 12-Month High at $55.14

Shares of QTS Realty Trust Inc (NYSE:QTS) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $55.14 and last traded at $55.13, with a volume of 1335 shares trading hands. The stock had previously closed at $54.78.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of QTS Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. BMO Capital Markets boosted 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, November 6th. JPMorgan Chase & Co. raised shares of QTS Realty Trust from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $50.00 to $65.00 in a research report on Tuesday, October 29th. KeyCorp boosted 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. Finally, Morgan Stanley raised shares of QTS Realty Trust from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $48.00 to $56.00 in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. QTS Realty Trust currently has a consensus rating of “Buy” and a consensus price target of $55.00.

The company has a market cap of $3.18 billion, a P/E ratio of 21.06, a P/E/G ratio of 2.26 and a beta of 0.56. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s fifty day moving average is $52.89 and its two-hundred day moving average is $50.21.

QTS Realty Trust (NYSE:QTS) last issued its earnings results 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 firm had revenue of $125.26 million during the quarter, compared to the consensus estimate of $119.89 million. QTS Realty Trust had a return on equity of 4.05% and a net margin of 8.55%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 EPS. On average, equities research analysts expect that QTS Realty Trust Inc will post 2.29 EPS for the current year.

The company also recently announced a dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, December 19th. QTS Realty Trust’s dividend payout ratio is currently 67.69%.

In other QTS Realty Trust news, Director Philip P. Trahanas sold 60,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $50.83, for a total value of $3,049,800.00. Following the sale, the director now owns 15,633 shares in the company, valued at approximately $794,625.39. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jeffrey H. Berson sold 49,522 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $50.88, for a total transaction of $2,519,679.36. Following the completion of the sale, the chief financial officer now owns 62,797 shares in the company, valued at approximately $3,195,111.36. The disclosure for this sale can be found here. Insiders sold a total of 127,951 shares of company stock valued at $6,526,399 in the last ninety days. 13.40% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in QTS. Millennium Management LLC lifted its stake in QTS Realty Trust by 1,063.7% in the 3rd quarter. Millennium Management LLC now owns 345,015 shares of the real estate investment trust’s stock worth $17,737,000 after purchasing an additional 380,815 shares in the last quarter. Zimmer Partners LP lifted its stake in QTS Realty Trust by 12.6% in the 2nd quarter. Zimmer Partners LP now owns 2,856,402 shares of the real estate investment trust’s stock worth $131,909,000 after purchasing an additional 320,000 shares in the last quarter. Vanguard Group Inc. lifted its stake in QTS Realty Trust by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,102,231 shares of the real estate investment trust’s stock worth $374,161,000 after purchasing an additional 263,072 shares in the last quarter. GW&K Investment Management LLC raised its position in shares of QTS Realty Trust by 13.8% during the 3rd 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 buying an additional 111,615 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of QTS Realty Trust during the 2nd quarter valued at about $4,944,000.

About QTS Realty Trust (NYSE:QTS)

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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