QTS Realty Trust (NYSE:QTS) was upgraded by Berenberg Bank from a “hold” rating to a “buy” rating in a report issued on Tuesday, The Fly reports.
A number of other equities analysts have also recently weighed in on the company. Raymond James restated a “hold” rating on shares of QTS Realty Trust in a report on Monday, August 20th. Credit Suisse Group upgraded QTS Realty Trust from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $30.00 to $42.00 in a report on Wednesday, August 8th. Zacks Investment Research upgraded QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. BMO Capital Markets started coverage on QTS Realty Trust in a report on Tuesday, July 17th. They issued an “outperform” rating and a $51.00 price target for the company. Finally, Wells Fargo & Co upped their price target on QTS Realty Trust from $38.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $47.93.
NYSE QTS traded up $0.21 on Tuesday, reaching $40.61. The company had a trading volume of 5,365 shares, compared to its average volume of 541,334. The stock has a market cap of $2.09 billion, a PE ratio of 14.69, a P/E/G ratio of 1.11 and a beta of 0.66. QTS Realty Trust has a 1 year low of $31.58 and a 1 year high of $61.55. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.81.
QTS Realty Trust (NYSE:QTS) last released its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.09. The firm had revenue of $102.55 million during the quarter, compared to analysts’ expectations of $101.79 million. QTS Realty Trust had a positive return on equity of 1.46% and a negative net margin of 2.90%. QTS Realty Trust’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. Sell-side analysts anticipate that QTS Realty Trust will post 2.19 EPS for the current fiscal year.
In other QTS Realty Trust news, Director Catherine R. Kinney bought 1,400 shares of the business’s stock in a transaction on Monday, August 6th. The shares were bought at an average cost of $44.07 per share, with a total value of $61,698.00. Following the transaction, the director now directly owns 11,657 shares in the company, valued at approximately $513,723.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen E. Westhead sold 1,924 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $46.25, for a total value of $88,985.00. Following the completion of the transaction, the director now directly owns 5,014 shares in the company, valued at $231,897.50. The disclosure for this sale can be found here. Corporate insiders own 16.10% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Xact Kapitalforvaltning AB raised its position in shares of QTS Realty Trust by 17.6% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 8,023 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 1,200 shares in the last quarter. Teachers Insurance & Annuity Association of America raised its position in shares of QTS Realty Trust by 2.0% in the 2nd quarter. Teachers Insurance & Annuity Association of America now owns 65,238 shares of the real estate investment trust’s stock valued at $2,577,000 after purchasing an additional 1,261 shares in the last quarter. Bank of Montreal Can raised its position in shares of QTS Realty Trust by 4.9% in the 3rd quarter. Bank of Montreal Can now owns 28,839 shares of the real estate investment trust’s stock valued at $1,230,000 after purchasing an additional 1,335 shares in the last quarter. Legal & General Group Plc raised its position in shares of QTS Realty Trust by 0.9% in the 2nd quarter. Legal & General Group Plc now owns 162,768 shares of the real estate investment trust’s stock valued at $6,429,000 after purchasing an additional 1,487 shares in the last quarter. Finally, Strs Ohio raised its position in shares of QTS Realty Trust by 1.8% in the 2nd quarter. Strs Ohio now owns 87,048 shares of the real estate investment trust’s stock valued at $3,438,000 after purchasing an additional 1,498 shares in the last quarter.
About QTS Realty Trust
QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of secure, compliant data center solutions, hybrid cloud and fully managed services. QTS' integrated technology service platform of hyperscale and hybrid colocation provide flexible, scalable, secure IT solutions for web and IT applications.
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