QTS Realty Trust Inc. (NYSE:QTS)’s share price fell 1.6% on Tuesday . The stock traded as low as $53.73 and last traded at $53.77, with a volume of 89,842 shares trading hands. The stock had previously closed at $54.66.

Several brokerages recently commented on QTS. Deutsche Bank AG boosted their price target on shares of QTS Realty Trust from $54.00 to $56.00 and gave the stock a “hold” rating in a report on Monday, July 18th. Stifel Nicolaus lowered shares of QTS Realty Trust from a “buy” rating to a “hold” rating and set a $53.00 price target for the company. in a report on Tuesday, May 10th. SunTrust Banks Inc. began coverage on shares of QTS Realty Trust in a report on Thursday, July 21st. They issued a “buy” rating and a $65.00 price target for the company. Jefferies Group cut their price target on shares of QTS Realty Trust from $65.00 to $63.00 and set a “buy” rating for the company in a report on Thursday, August 11th. Finally, Goldman Sachs Group Inc. began coverage on shares of QTS Realty Trust in a 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 given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $56.44.

The firm’s 50-day moving average is $55.21 and its 200 day moving average is $50.71. The stock has a market cap of $2.58 billion and a PE ratio of 103.93.

QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The company had revenue of $98.70 million for the quarter, compared to analyst estimates of $97.03 million. QTS Realty Trust’s revenue for the quarter was up 44.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. Equities analysts expect that QTS Realty Trust Inc. will post $2.59 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Tuesday, September 20th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Friday, September 16th.

In other QTS Realty Trust news, insider Daniel T. Bennewitz sold 9,150 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 59,866 shares in the company, valued at $3,232,764. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CIO Jeffrey H. Berson sold 6,505 shares of the stock in a transaction on Friday, June 10th. The stock was sold at an average price of $53.97, for a total value of $351,074.85. Following the completion of 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.

A number of hedge funds and institutional investors have added to or reduced their stakes in QTS. Morgan Stanley boosted its position in QTS Realty Trust by 620.1% in the fourth quarter. Morgan Stanley now owns 505,179 shares of the company’s stock valued at $22,789,000 after buying an additional 435,026 shares during the last quarter. I.G. Investment Management LTD. boosted 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 valued at $1,953,000 after buying an additional 431 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in QTS Realty Trust during the fourth quarter valued at about $1,692,000. Finally, Rhumbline Advisers boosted 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 valued at $1,290,000 after buying an additional 2,360 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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