QTS Realty Trust Inc. (QTS) Trading Down 2%
QTS Realty Trust Inc. (NYSE:QTS) was down 2% on Thursday . The stock traded as low as $55.12 and last traded at $55.13, with a volume of 151,561 shares. The stock had previously closed at $56.27.
Several equities research analysts recently weighed in on QTS shares. KeyCorp upped their price target on QTS Realty Trust from $47.00 to $52.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 5th. Canaccord Genuity initiated coverage on QTS Realty Trust in a research note on Monday, June 6th. They issued a “buy” rating and a $63.00 target price on the stock. Jefferies Group reissued a “buy” rating and issued a $59.00 target price on shares of QTS Realty Trust in a research note on Wednesday, July 6th. Goldman Sachs Group Inc. initiated coverage on QTS Realty Trust in a research note on Tuesday, July 5th. They issued a “neutral” rating and a $57.00 target price on the stock. Finally, Wells Fargo & Co. initiated coverage on QTS Realty Trust in a research note on Tuesday, May 31st. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. QTS Realty Trust presently has an average rating of “Buy” and a consensus target price of $53.78.
The firm has a market cap of $2.62 billion and a PE ratio of 100.94. The stock’s 50-day moving average price is $54.56 and its 200 day moving average price is $48.55.
QTS Realty Trust (NYSE:QTS) last issued its earnings results on Monday, April 25th. The company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.06. During the same period last year, the firm earned $0.50 earnings per share. The firm had revenue of $94.80 million for the quarter, compared to the consensus estimate of $94.48 million. The company’s revenue for the quarter was up 54.4% on a year-over-year basis. On average, analysts predict that QTS Realty Trust Inc. will post $2.60 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 6th. Shareholders of record on Friday, June 17th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date was Wednesday, June 15th.
In other QTS Realty Trust news, CIO Jeffrey H. Berson sold 6,505 shares of QTS Realty Trust stock in a transaction 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 sale, the executive now directly owns 56,076 shares of the company’s stock, valued at approximately $3,026,421.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shirley E. Goza sold 18,587 shares of QTS Realty Trust stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $54.38, for a total value of $1,010,761.06. Following the sale, the insider now directly owns 26,794 shares of the company’s stock, valued at $1,457,057.72. The disclosure for this sale can be found here.
Other large investors have recently modified their holdings of the company. Swiss National Bank raised its stake in shares of QTS Realty Trust by 9.9% in the fourth quarter. Swiss National Bank now owns 49,963 shares of the company’s stock worth $2,254,000 after buying an additional 4,500 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of QTS Realty Trust by 66.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 329,458 shares of the company’s stock worth $14,862,000 after buying an additional 131,694 shares during the period. Morgan Stanley raised its stake in shares of QTS Realty Trust by 620.1% in the fourth quarter. Morgan Stanley now owns 505,179 shares of the company’s stock worth $22,789,000 after buying an additional 435,026 shares during the period. Eagle Asset Management Inc. purchased a new stake in shares of QTS Realty Trust during the fourth quarter worth $3,282,000. Finally, Jennison Associates LLC raised its stake in shares of QTS Realty Trust by 33.4% in the fourth quarter. Jennison Associates LLC now owns 2,632,976 shares of the company’s stock worth $118,774,000 after buying an additional 658,575 shares during the period.
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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