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.

Large investors have recently bought and sold shares of the business. California Public Employees Retirement System raised its stake in shares of QTS Realty Trust by 2.5% in the 2nd quarter. California Public Employees Retirement System now owns 12,500 shares of the real estate investment trust’s stock valued at $654,000 after acquiring an additional 300 shares during the period. Amalgamated Bank raised its stake in shares of QTS Realty Trust by 5.4% in the 2nd quarter. Amalgamated Bank now owns 6,045 shares of the real estate investment trust’s stock valued at $316,000 after acquiring an additional 309 shares during the period. Phocas Financial Corp. raised its stake in shares of QTS Realty Trust by 3.1% in the 2nd quarter. Phocas Financial Corp. now owns 14,007 shares of the real estate investment trust’s stock valued at $733,000 after acquiring an additional 419 shares during the period. AMP Capital Investors Ltd raised its stake in shares of QTS Realty Trust by 12.7% in the 3rd quarter. AMP Capital Investors Ltd now owns 7,994 shares of the real estate investment trust’s stock valued at $419,000 after acquiring an additional 900 shares during the period. Finally, Aperio Group LLC raised its stake in shares of QTS Realty Trust by 10.2% in the 3rd quarter. Aperio Group LLC now owns 10,904 shares of the real estate investment trust’s stock valued at $571,000 after acquiring an additional 1,008 shares during the period.

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.

Analyst Recommendations for QTS Realty Trust (NYSE:QTS)

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