Shares of QTS Realty Trust Inc. (NYSE:QTS) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $57.15 and last traded at $57.04, with a volume of 360,800 shares changing hands. The stock had previously closed at $55.70.

A number of research firms recently weighed in on QTS. KeyCorp boosted their price target on shares of QTS Realty Trust from $47.00 to $52.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 5th. Stifel Nicolaus lowered shares of QTS Realty Trust from a “buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a research report on Tuesday, May 10th. Wells Fargo & Co. began coverage on shares of QTS Realty Trust in a research report on Tuesday, May 31st. They set an “outperform” rating on the stock. Canaccord Genuity began 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 on the stock. Finally, Goldman Sachs Group Inc. began 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 on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. QTS Realty Trust currently has a consensus rating of “Buy” and an average target price of $56.00.

The stock’s 50 day moving average price is $55.01 and its 200-day moving average price is $48.94. The company has a market cap of $2.71 billion and a price-to-earnings ratio of 104.38.

QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings data 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. During the same quarter in the previous year, the firm posted $0.50 EPS. The company had revenue of $94.80 million for the quarter, compared to analyst estimates of $94.48 million. QTS Realty Trust’s quarterly revenue was up 54.4% on a year-over-year basis. On average, analysts anticipate that QTS Realty Trust Inc. will post $2.60 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Shareholders of record on Friday, June 17th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $1.44 annualized dividend and a yield of 2.54%.

In other QTS Realty Trust news, Director John W. Barter sold 10,533 shares of the business’s stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $54.52, for a total transaction of $574,259.16. Following the sale, the director now owns 10,420 shares in the company, valued at approximately $568,098.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John W. Barter sold 28,568 shares of the business’s stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $54.29, for a total value of $1,550,956.72. Following the sale, the director now owns 12,204 shares in the company, valued at approximately $662,555.16. The disclosure for this sale can be found here.

Other hedge funds recently bought and sold shares of the company. Nationwide Fund Advisors increased its stake in 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. Rhumbline Advisers increased its stake 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. New York State Common Retirement Fund boosted its position in 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 period. Sei Investments Co. boosted its position in 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 period. Finally, State of New Jersey Common Pension Fund D acquired a new position in QTS Realty Trust during the fourth quarter valued at $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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