QTS Realty Trust Inc. (NYSE:QTS) shares dropped 2% during trading on Monday . The company traded as low as $52.47 and last traded at $52.71, with a volume of 184,519 shares changing hands. The stock had previously closed at $53.79.

A number of analysts recently issued reports on QTS shares. Zacks Investment Research downgraded QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Wells Fargo & Co. started coverage on QTS Realty Trust in a research report on Tuesday, May 31st. They issued an “outperform” rating for the company. Jefferies Group restated a “buy” rating and issued a $65.00 price target on shares of QTS Realty Trust in a research report on Wednesday, July 27th. Canaccord Genuity started coverage on QTS Realty Trust in a research report on Monday, June 6th. They issued a “buy” rating and a $63.00 price target for the company. Finally, Goldman Sachs Group Inc. started coverage on QTS Realty Trust in a research report on Tuesday, July 5th. They issued a “neutral” rating and a $57.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. QTS Realty Trust currently has a consensus rating of “Buy” and an average price target of $56.67.

The firm has a 50 day moving average price of $55.57 and a 200-day moving average price of $49.97. The firm has a market cap of $2.55 billion and a price-to-earnings ratio of 102.86.

QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The firm had revenue of $98.70 million for the quarter, compared to analysts’ expectations of $97.03 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The firm’s revenue for the quarter was up 44.9% compared to the same quarter last year. Equities research analysts expect that QTS Realty Trust Inc. will post $2.60 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Tuesday, September 20th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, September 16th.

In related news, CIO Jeffrey H. Berson sold 6,505 shares of the business’s 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 sale, the executive now directly owns 56,076 shares in the company, valued at $3,026,421.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $494,100.00. Following the sale, 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.

Other institutional investors recently added to or reduced their stakes in the company. Nationwide Fund Advisors raised its position in QTS Realty Trust by 0.5% in the fourth quarter. Nationwide Fund Advisors now owns 28,590 shares of the company’s stock worth $1,290,000 after buying an additional 137 shares during the period. California Public Employees Retirement System raised its position in 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. raised its position in 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. Rhumbline Advisers raised 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 worth $1,290,000 after buying an additional 2,360 shares during the period. Finally, Swiss National Bank raised its position 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 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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