QTS Realty Trust Inc. (NYSE:QTS) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $56.87 and last traded at $55.56, with a volume of 289,771 shares changing hands. The stock had previously closed at $56.50.

A number of equities research analysts have issued reports on the stock. Jefferies Group reissued a “buy” rating and set a $59.00 target price on shares of QTS Realty Trust in a report on Wednesday, July 6th. Goldman Sachs Group Inc. started coverage on shares of QTS Realty Trust in a research report on Tuesday, July 5th. They set a “neutral” rating and a $57.00 price target for the company. Canaccord Genuity started coverage on shares of QTS Realty Trust in a research report on Monday, June 6th. They set a “buy” rating and a $63.00 price target for the company. Stifel Nicolaus lowered shares of QTS Realty Trust from a “buy” rating to a “hold” rating and set a $53.00 price target for the company. in a research report on Tuesday, May 10th. Finally, Wells Fargo & Co. started coverage on shares of QTS Realty Trust in a research report on Tuesday, May 31st. They set an “outperform” rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. QTS Realty Trust presently has a consensus rating of “Buy” and an average target price of $53.78.

The stock has a 50-day moving average of $54.22 and a 200 day moving average of $48.44. The company has a market capitalization of $2.65 billion and a P/E ratio of 102.23.

QTS Realty Trust (NYSE:QTS) last issued its earnings results on Monday, April 25th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.06. The company earned $94.80 million during the quarter, compared to analysts’ expectations of $94.48 million. During the same quarter in the prior year, the business posted $0.50 EPS. The company’s revenue for the quarter was up 54.4% compared to the same quarter last year. Equities research analysts predict that QTS Realty Trust Inc. will post $2.60 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 6th. Shareholders of record on Friday, June 17th were given a $0.36 dividend. The ex-dividend date was Wednesday, June 15th. This represents a $1.44 annualized dividend and a yield of 2.55%.

In other QTS Realty Trust news, insider Daniel T. Bennewitz sold 9,150 shares of the stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $54.00, for a total value of $494,100.00. Following the transaction, the insider now directly owns 59,866 shares in the company, valued at $3,232,764. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CIO Jeffrey H. Berson sold 6,505 shares of the stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $53.97, for a total transaction of $351,074.85. Following the completion of the transaction, the executive now owns 56,076 shares in the company, valued at $3,026,421.72. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have added to or reduced their stakes in the company. Rhumbline Advisers increased its position in QTS Realty Trust by 9.0% in the fourth quarter. Rhumbline Advisers now owns 28,598 shares of the company’s stock valued at $1,290,000 after buying an additional 2,360 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of QTS Realty Trust by 0.5% in the fourth quarter. Nationwide Fund Advisors now owns 28,590 shares of the company’s stock valued at $1,290,000 after buying an additional 137 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of QTS Realty Trust by 34.2% in the fourth quarter. New York State Common Retirement Fund now owns 30,867 shares of the company’s stock valued at $1,392,000 after buying an additional 7,867 shares during the last quarter. Sei Investments Co. increased its stake in shares of QTS Realty Trust by 17.1% in the fourth quarter. Sei Investments Co. now owns 35,520 shares of the company’s stock valued at $1,603,000 after buying an additional 5,178 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of QTS Realty Trust during the fourth quarter valued at approximately $1,692,000.

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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