QTS Realty Trust Inc. (QTS) Coverage Initiated at Raymond James Financial Inc.
Equities researchers at Raymond James Financial Inc. assumed coverage on shares of QTS Realty Trust Inc. (NYSE:QTS) in a report released on Friday. The brokerage set an “outperform” rating on the stock.
Several other equities research analysts have also recently commented on QTS. Zacks Investment Research upgraded shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Jefferies Group reiterated a “buy” rating and set a $59.00 price target on shares of QTS Realty Trust in a research report on Wednesday, July 6th. Goldman Sachs Group Inc. initiated coverage on shares of QTS Realty Trust in a research report on Tuesday, July 5th. They set a “neutral” rating and a $57.00 price target for the company. SunTrust Banks Inc. initiated coverage on shares of QTS Realty Trust in a research report on Thursday, July 21st. They set a “buy” rating and a $65.00 price target for the company. Finally, Deutsche Bank AG lifted their price target on shares of QTS Realty Trust from $54.00 to $56.00 and gave the stock a “hold” rating in a research report on Monday, July 18th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $56.44.
Shares of QTS Realty Trust (NYSE:QTS) traded up 0.20% during midday trading on Friday, hitting $51.03. 127,263 shares of the company traded hands. QTS Realty Trust has a 12-month low of $40.50 and a 12-month high of $59.41. The stock has a market capitalization of $2.44 billion, a P/E ratio of 98.32 and a beta of 0.34. The stock’s 50-day moving average is $53.67 and its 200 day moving average is $52.69.
QTS Realty Trust (NYSE:QTS) last announced its earnings results on Tuesday, July 26th. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. QTS Realty Trust had a net margin of 6.03% and a return on equity of 2.88%. The company earned $98.70 million during the quarter, compared to the consensus estimate of $97.03 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The company’s revenue was up 44.9% on a year-over-year basis. On average, analysts expect that QTS Realty Trust will post $2.60 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 20th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Friday, September 16th. QTS Realty Trust’s payout ratio is 288.00%.
Several hedge funds and other institutional investors have recently modified their holdings of QTS. Cbre Clarion Securities LLC raised its position in shares of QTS Realty Trust by 51.9% in the second quarter. Cbre Clarion Securities LLC now owns 2,826,037 shares of the company’s stock valued at $158,202,000 after buying an additional 965,644 shares during the last quarter. Capital Growth Management LP acquired a new position in shares of QTS Realty Trust during the second quarter valued at approximately $47,863,000. Teachers Advisors Inc. raised its position in shares of QTS Realty Trust by 1,358.0% in the second quarter. Teachers Advisors Inc. now owns 616,862 shares of the company’s stock valued at $34,532,000 after buying an additional 574,552 shares during the last quarter. Mesirow Financial Investment Management Equity Management acquired a new position in shares of QTS Realty Trust during the second quarter valued at approximately $29,193,000. Finally, Emerald Acquisition Ltd. acquired a new position in shares of QTS Realty Trust during the second quarter valued at approximately $27,349,000.
QTS Realty Trust Company Profile
QTS Realty Trust, Inc (QTS) is a provider of secure, compliant data center solutions, hybrid cloud and fully managed services. The Company owns, develops and operates carrier-neutral and multi-tenant data centers. It operates through a portfolio of investments in over 20 data centers located primarily in the United States with others in Canada, Europe and the Asia-Pacific region.
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