Zacks Investment Research lowered shares of QTS Realty Trust, Inc. (NYSE:QTS) from a hold rating to a sell rating in a research note published on Wednesday, July 12th.

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. “

Several other analysts have also recently weighed in on the company. Credit Suisse Group started coverage on QTS Realty Trust in a report on Friday, June 30th. They set a neutral rating and a $54.00 price objective for the company. Macquarie reaffirmed a buy rating and issued a $55.00 price target on shares of QTS Realty Trust in a research note on Thursday, April 6th. Stifel Nicolaus reaffirmed a buy rating on shares of QTS Realty Trust in a research note on Tuesday, April 25th. Canaccord Genuity reaffirmed a buy rating and issued a $59.00 price target on shares of QTS Realty Trust in a research note on Tuesday, May 2nd. Finally, Mitsubishi UFJ Financial Group started coverage on QTS Realty Trust in a research note on Tuesday, April 25th. They issued an overweight rating and a $58.00 price target for the company. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $57.00.

Shares of QTS Realty Trust (QTS) opened at 53.78 on Wednesday. The company’s 50-day moving average is $52.77 and its 200 day moving average is $51.23. QTS Realty Trust has a 52 week low of $43.01 and a 52 week high of $56.54. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 138.61 and a beta of 0.47.

QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. The firm had revenue of $107.86 million during the quarter, compared to analysts’ expectations of $107.66 million. QTS Realty Trust had a return on equity of 2.04% and a net margin of 4.60%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 EPS. Analysts anticipate that QTS Realty Trust will post $0.44 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 22nd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, September 21st. QTS Realty Trust’s dividend payout ratio (DPR) is currently 390.00%.

In other news, Director Stephen E. Westhead sold 10,000 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $53.08, for a total transaction of $530,800.00. Following the sale, the director now directly owns 11,924 shares of the company’s stock, valued at approximately $632,925.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephen E. Westhead sold 1,217 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $50.25, for a total value of $61,154.25. Following the sale, the director now directly owns 1,924 shares in the company, valued at $96,681. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,217 shares of company stock worth $1,167,914. Company insiders own 17.30% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. purchased a new position in QTS Realty Trust during the first quarter worth approximately $113,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in QTS Realty Trust by 5.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,946 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 157 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in QTS Realty Trust during the first quarter worth approximately $156,000. Quantbot Technologies LP raised its position in QTS Realty Trust by 211.1% in the first quarter. Quantbot Technologies LP now owns 3,326 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 2,257 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in QTS Realty Trust during the second quarter worth approximately $200,000.

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. Its data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers.

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