QTS Realty Trust Inc. (NYSE:QTS)‘s stock had its “buy” rating reiterated by equities researchers at Wells Fargo & Co. in a note issued to investors on Thursday.
A number of other brokerages also recently issued reports on QTS. Zacks Investment Research raised QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Jefferies Group reissued a “buy” rating and issued a $59.00 target price on shares of QTS Realty Trust in a report on Wednesday, July 6th. Goldman Sachs Group Inc. began coverage on QTS Realty Trust in a report on Tuesday, July 5th. They issued a “neutral” rating and a $57.00 target price on the stock. SunTrust Banks Inc. began coverage on QTS Realty Trust in a report on Thursday, July 21st. They issued a “buy” rating and a $65.00 target price on the stock. Finally, Deutsche Bank AG increased their target price on QTS Realty Trust from $54.00 to $56.00 and gave the company a “hold” rating in a report on Monday, July 18th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $56.44.
QTS Realty Trust (NYSE:QTS) opened at 54.31 on Thursday. QTS Realty Trust has a one year low of $40.50 and a one year high of $59.41. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 104.64 and a beta of 0.33. The stock’s 50 day moving average price is $54.01 and its 200 day moving average price is $52.29.
QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $98.70 million for the quarter, compared to the consensus estimate of $97.03 million. QTS Realty Trust had a return on equity of 2.88% and a net margin of 6.03%. The company’s quarterly revenue was up 44.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. Equities analysts predict that QTS Realty Trust will post $2.60 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 20th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Friday, September 16th. QTS Realty Trust’s dividend payout ratio (DPR) is currently 288.00%.
Several hedge funds have recently added to or reduced their stakes in QTS. Cbre Clarion Securities LLC boosted its stake in QTS Realty Trust by 51.9% in the second quarter. Cbre Clarion Securities LLC now owns 2,826,037 shares of the company’s stock valued at $158,202,000 after buying an additional 965,644 shares in the last quarter. Capital Growth Management LP acquired a new stake in QTS Realty Trust during the second quarter valued at about $47,863,000. Teachers Advisors Inc. boosted its stake in QTS Realty Trust by 1,358.0% in the second quarter. Teachers Advisors Inc. now owns 616,862 shares of the company’s stock valued at $34,532,000 after buying an additional 574,552 shares in the last quarter. Mesirow Financial Investment Management Equity Management acquired a new stake in QTS Realty Trust during the second quarter valued at about $29,193,000. Finally, Emerald Acquisition Ltd. acquired a new stake in QTS Realty Trust during the second quarter valued at about $27,349,000.
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. 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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