QTS Realty Trust Inc. (QTS) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of QTS Realty Trust Inc. (NYSE:QTS) from a hold rating to a buy rating in a research note released on Wednesday. Zacks Investment Research currently has $57.00 price target on the stock.
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. “
Other equities research analysts also recently issued research reports about the company. Jefferies Group restated a buy rating and issued a $59.00 target price on shares of QTS Realty Trust in a research report on Wednesday, July 6th. Wells Fargo & Co. restated a buy rating on shares of QTS Realty Trust in a research report on Thursday, September 22nd. SunTrust Banks Inc. started coverage on QTS Realty Trust in a research report on Thursday, July 21st. They issued a buy rating and a $65.00 target price on the stock. Deutsche Bank AG boosted their price objective on QTS Realty Trust from $54.00 to $56.00 and gave the company a hold rating in a report on Monday, July 18th. Finally, Goldman Sachs Group Inc. started coverage on QTS Realty Trust in a report on Tuesday, July 5th. They issued a neutral rating and a $57.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $56.82.
Shares of QTS Realty Trust (NYSE:QTS) opened at 52.26 on Wednesday. QTS Realty Trust has a 1-year low of $40.50 and a 1-year high of $59.41. The firm has a 50-day moving average price of $53.37 and a 200-day moving average price of $52.82. The stock has a market capitalization of $2.50 billion, a PE ratio of 100.69 and a beta of 0.34.
QTS Realty Trust (NYSE:QTS) last posted its earnings results on Tuesday, July 26th. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. QTS Realty Trust had a return on equity of 2.88% and a net margin of 6.03%. The company had revenue of $98.70 million for the quarter, compared to the consensus estimate of $97.03 million. During the same quarter in the previous year, the business earned $0.53 earnings per share. The company’s revenue for the quarter was up 44.9% on a year-over-year basis. On average, equities research analysts forecast that QTS Realty Trust will post $2.60 earnings per share 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 paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Friday, September 16th. QTS Realty Trust’s dividend payout ratio (DPR) is 288.00%.
Institutional investors have recently modified their holdings of the company. Granahan Investment Management Inc. MA increased its position in shares of QTS Realty Trust by 11.9% in the first quarter. Granahan Investment Management Inc. MA now owns 316,875 shares of the company’s stock worth $15,014,000 after buying an additional 33,800 shares during the period. Goldman Sachs Group Inc. increased its position in shares of QTS Realty Trust by 40.4% in the first quarter. Goldman Sachs Group Inc. now owns 102,453 shares of the company’s stock worth $4,854,000 after buying an additional 29,483 shares during the period. Forward Management LLC increased its position in shares of QTS Realty Trust by 330.3% in the first quarter. Forward Management LLC now owns 24,883 shares of the company’s stock worth $1,179,000 after buying an additional 19,100 shares during the period. Quadrature Capital Ltd acquired a new position in shares of QTS Realty Trust during the first quarter worth about $646,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of QTS Realty Trust by 13.8% in the first quarter. UBS Asset Management Americas Inc. now owns 149,369 shares of the company’s stock worth $7,077,000 after buying an additional 18,110 shares during the period.
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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