QTS Realty Trust Inc. (NYSE:QTS)’s share price was down 2% during trading on Thursday . The stock traded as low as $55.12 and last traded at $55.13, with a volume of 151,561 shares traded. The stock had previously closed at $56.27.

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

The company has a 50 day moving average price of $54.67 and a 200 day moving average price of $48.67. The company has a market capitalization of $2.62 billion and a price-to-earnings ratio of 100.99.

QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings results on Monday, April 25th. The company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.06. During the same quarter in the previous year, the company posted $0.50 earnings per share. The firm earned $94.80 million during the quarter, compared to the consensus estimate of $94.48 million. The firm’s revenue was up 54.4% on a year-over-year basis. Equities analysts anticipate that QTS Realty Trust Inc. will post $2.59 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 6th. Stockholders of record on Friday, June 17th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Wednesday, June 15th.

In other news, Director John W. Barter sold 10,533 shares of the stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $54.52, for a total value of $574,259.16. Following the completion of the transaction, the director now directly owns 10,420 shares in the company, valued at approximately $568,098.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel T. Bennewitz sold 9,150 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 59,866 shares of the company’s stock, valued at $3,232,764. The disclosure for this sale can be found here.

A number of hedge funds recently bought and sold shares of the stock. Swiss National Bank increased its stake in 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 last quarter. Dimensional Fund Advisors LP increased its stake in 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 last quarter. Morgan Stanley increased its stake in 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 last quarter. Eagle Asset Management Inc. bought a new stake in QTS Realty Trust during the fourth quarter worth $3,282,000. Finally, Jennison Associates LLC increased its stake in 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 last quarter.

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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