QTS Realty Trust Inc. (NYSE:QTS) has received a consensus recommendation of “Buy” from the twelve research firms that are covering the company. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $56.82.

QTS has been the topic of several recent analyst reports. Jefferies Group restated a “buy” rating and issued a $65.00 target price on shares of QTS Realty Trust in a report on Wednesday, July 27th. SunTrust Banks Inc. assumed coverage on shares of QTS Realty Trust in a report on Thursday, July 21st. They set a “buy” rating and a $65.00 price objective on the stock. Zacks Investment Research upgraded shares of QTS Realty Trust from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Wednesday. Wells Fargo & Co. reiterated a “buy” rating on shares of QTS Realty Trust in a report on Thursday, September 22nd. Finally, Deutsche Bank AG upped their price objective on shares of QTS Realty Trust from $54.00 to $56.00 and gave the company a “hold” rating in a report on Monday, July 18th.

Large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of QTS Realty Trust by 21.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,090 shares of the company’s stock worth $117,000 after buying an additional 374 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new stake in shares of QTS Realty Trust during the second quarter worth about $117,000. BlackRock Japan Co. Ltd increased its stake in shares of QTS Realty Trust by 19.1% in the second quarter. BlackRock Japan Co. Ltd now owns 2,424 shares of the company’s stock worth $136,000 after buying an additional 388 shares during the last quarter. Societe Generale purchased a new stake in shares of QTS Realty Trust during the second quarter worth about $181,000. Finally, Denver Investment Advisors LLC purchased a new stake in shares of QTS Realty Trust during the second quarter worth about $201,000.

QTS Realty Trust (NYSE:QTS) traded up 0.84% during mid-day trading on Thursday, hitting $52.70. 96,307 shares of the company were exchanged. The company’s 50-day moving average is $53.37 and its 200 day moving average is $52.82. QTS Realty Trust has a 12-month low of $40.50 and a 12-month high of $59.41. The company has a market capitalization of $2.52 billion, a P/E ratio of 101.54 and a beta of 0.34.

QTS Realty Trust (NYSE:QTS) last released its earnings results on Tuesday, July 26th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $98.70 million for the quarter, compared to analyst estimates of $97.03 million. QTS Realty Trust had a net margin of 6.03% and a return on equity of 2.88%. QTS Realty Trust’s revenue for the quarter was up 44.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. Analysts expect that QTS Realty Trust will post $2.60 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 20th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Friday, September 16th. QTS Realty Trust’s payout ratio is presently 288.00%.

About QTS Realty Trust

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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