QTS Realty Trust Inc (QTS) Receives Average Rating of “Hold” from Analysts
Shares of QTS Realty Trust Inc (NYSE:QTS) have received a consensus recommendation of “Hold” from the fifteen analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $57.91.
Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of QTS Realty Trust from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Zacks Investment Research raised shares of QTS Realty Trust from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Tuesday, October 17th. Wells Fargo & Co upped their price objective on shares of QTS Realty Trust from $62.50 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, November 15th. TheStreet raised shares of QTS Realty Trust from a “c” rating to a “b-” rating in a research note on Tuesday, October 24th. Finally, Credit Suisse Group set a $55.00 price objective on shares of QTS Realty Trust and gave the company a “hold” rating in a research note on Thursday, October 26th.
In other QTS Realty Trust news, insider Daniel T. Bennewitz sold 9,144 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $57.46, for a total transaction of $525,414.24. Following the transaction, the insider now owns 58,624 shares of the company’s stock, valued at $3,368,535.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP William H. Schafer sold 12,500 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $54.46, for a total transaction of $680,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,201 shares of company stock worth $2,112,933. 17.30% of the stock is currently owned by insiders.
Shares of QTS Realty Trust (NYSE QTS) opened at $50.62 on Tuesday. The company has a market cap of $2,526.58, a P/E ratio of 123.47, a PEG ratio of 0.90 and a beta of 0.44. QTS Realty Trust has a 1 year low of $46.32 and a 1 year high of $61.55. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.84 and a quick ratio of 0.84.
QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.59. The business had revenue of $113.77 million for the quarter, compared to the consensus estimate of $113.64 million. QTS Realty Trust had a net margin of 4.67% and a return on equity of 2.10%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 earnings per share. sell-side analysts predict that QTS Realty Trust will post 2.71 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Tuesday, December 5th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Monday, December 4th. QTS Realty Trust’s dividend payout ratio is currently 380.50%.
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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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