Investment Analysts’ Recent Ratings Changes for QTS Realty Trust (QTS)

Several analysts have recently updated their ratings and price targets for QTS Realty Trust (NYSE: QTS):

  • 7/28/2017 – QTS Realty Trust was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 7/28/2017 – QTS Realty Trust had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $60.00 price target on the stock.
  • 7/25/2017 – QTS Realty Trust was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 7/24/2017 – QTS Realty Trust was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/12/2017 – QTS Realty Trust was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 7/8/2017 – QTS Realty Trust was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/30/2017 – QTS Realty Trust is now covered by analysts at Credit Suisse Group. They set a “neutral” rating and a $54.00 price target on the stock.
  • 6/27/2017 – QTS Realty Trust was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/20/2017 – QTS Realty Trust was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/9/2017 – QTS Realty Trust had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $60.00 price target on the stock.

QTS Realty Trust, Inc. (QTS) traded down 0.04% during mid-day trading on Wednesday, reaching $54.37. The company’s stock had a trading volume of 377,383 shares. QTS Realty Trust, Inc. has a 1-year low of $43.01 and a 1-year high of $56.54. The stock’s 50 day moving average price is $52.77 and its 200 day moving average price is $51.23. The stock has a market capitalization of $2.65 billion, a P/E ratio of 140.13 and a beta of 0.47.

QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. QTS Realty Trust had a net margin of 4.60% and a return on equity of 2.04%. The firm had revenue of $107.86 million for the quarter, compared to analyst estimates of $107.66 million. During the same quarter in the previous year, the business posted $0.63 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. Analysts expect that QTS Realty Trust, Inc. will post $0.45 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Friday, June 16th were issued a $0.39 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $1.56 dividend on an annualized basis and a yield of 2.87%. QTS Realty Trust’s dividend payout ratio is currently 390.00%.

In other QTS Realty Trust news, Director Stephen E. Westhead sold 1,217 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $50.25, for a total value of $61,154.25. Following the transaction, the director now owns 1,924 shares in the company, valued at approximately $96,681. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen E. Westhead sold 10,000 shares of the business’s 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 completion of the transaction, the director now owns 11,924 shares in the company, valued at approximately $632,925.92. The disclosure for this sale can be found here. Insiders sold a total of 24,317 shares of company stock worth $1,272,373 in the last quarter. 17.30% of the stock is currently owned by company insiders.

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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