QTS Realty Trust Inc. (QTS) Given Consensus Recommendation of “Buy” by Brokerages
Shares of QTS Realty Trust Inc. (NYSE:QTS) have been given an average recommendation of “Buy” by the twelve brokerages that are presently covering the stock. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $57.67.
QTS has been the topic of a number of research analyst reports. Raymond James Financial Inc. initiated coverage on shares of QTS Realty Trust in a research note on Friday, October 7th. They set an “outperform” rating and a $60.00 price objective on the stock. TheStreet upgraded shares of QTS Realty Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, October 25th. 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 research note on Wednesday, October 12th. Wells Fargo & Co. restated a “buy” rating on shares of QTS Realty Trust in a research report on Thursday, September 22nd. Finally, SunTrust Banks Inc. initiated coverage on shares of QTS Realty Trust in a research report on Thursday, July 21st. They issued a “buy” rating and a $65.00 price target on the stock.
Shares of QTS Realty Trust (NYSE:QTS) traded up 0.09% on Thursday, reaching $45.08. 182,143 shares of the company traded hands. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 96.12 and a beta of 0.46. QTS Realty Trust has a 52-week low of $40.50 and a 52-week high of $59.41. The stock has a 50 day moving average of $49.25 and a 200 day moving average of $52.75.
QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.03. QTS Realty Trust had a net margin of 5.47% and a return on equity of 2.53%. The business had revenue of $103.50 million for the quarter, compared to analyst estimates of $46.02 million. During the same quarter last year, the business earned $0.61 earnings per share. The business’s revenue for the quarter was up 16.4% 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Friday, December 16th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Wednesday, December 14th. QTS Realty Trust’s payout ratio is 320.00%.
In other news, insider Jeffrey H. Berson acquired 3,300 shares of the stock in a transaction on Friday, November 4th. The shares were purchased at an average cost of $45.00 per share, for a total transaction of $148,500.00. Following the transaction, the insider now owns 56,556 shares in the company, valued at approximately $2,545,020. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 17.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of QTS. BNP Paribas Arbitrage SA bought a new stake in shares of QTS Realty Trust during the second quarter worth about $117,000. Zurcher Kantonalbank Zurich Cantonalbank raised 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 period. New Mexico Educational Retirement Board raised its stake in shares of QTS Realty Trust by 15.0% in the third quarter. New Mexico Educational Retirement Board now owns 2,300 shares of the company’s stock worth $122,000 after buying an additional 300 shares during the period. BlackRock Japan Co. Ltd raised 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 period. Finally, Societe Generale bought a new stake in shares of QTS Realty Trust during the second quarter worth about $181,000. Hedge funds and other institutional investors own 99.82% of the company’s stock.
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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