QTS Realty Trust Inc. (NYSE:QTS) shares reached a new 52-week high during trading on Friday . The company 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 analysts have commented on QTS shares. SunTrust Banks Inc. assumed coverage on QTS Realty Trust in a research report on Thursday. They set a “buy” rating and a $65.00 price target for the company. Jefferies Group reissued a “buy” rating and issued a $59.00 target price on shares of QTS Realty Trust in a research report on Wednesday, July 6th. Canaccord Genuity assumed coverage on QTS Realty Trust in a research report on Monday, June 6th. They issued a “buy” rating and a $63.00 target price for the company. Deutsche Bank AG increased their target price on QTS Realty Trust from $54.00 to $56.00 and gave the stock a “hold” rating in a research report on Monday, July 18th. Finally, Stifel Nicolaus lowered 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. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $56.00.

The firm has a 50 day moving average of $55.13 and a 200-day moving average of $49.03. The company has a market cap of $2.71 billion and a P/E ratio of 104.38.

The firm 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. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $1.44 annualized dividend and a dividend yield of 2.54%.

In other QTS Realty Trust news, insider Daniel T. Bennewitz sold 9,150 shares of the business’s stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $54.00, for a total transaction of $494,100.00. Following the completion of the transaction, the insider now owns 59,866 shares in the company, valued at $3,232,764. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CIO Jeffrey H. Berson sold 6,505 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $53.97, for a total value of $351,074.85. Following the transaction, the executive now owns 56,076 shares of the company’s stock, valued at approximately $3,026,421.72. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have made changes to their positions in QTS. Nationwide Fund Advisors raised its position 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 period. California Public Employees Retirement System increased its position in shares of QTS Realty Trust by 0.4% in the fourth quarter. California Public Employees Retirement System now owns 53,800 shares of the company’s stock worth $2,427,000 after buying an additional 200 shares during the period. I.G. Investment Management LTD. increased its position in shares of QTS Realty Trust by 1.0% in the fourth quarter. I.G. Investment Management LTD. now owns 43,304 shares of the company’s stock worth $1,953,000 after buying an additional 431 shares during the period. Mutual of America Capital Management LLC increased its position in shares of QTS Realty Trust by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 96,224 shares of the company’s stock worth $4,341,000 after buying an additional 575 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of QTS Realty Trust by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 51,801 shares of the company’s stock worth $2,337,000 after buying an additional 864 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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