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

QTS has been the subject of a number of research analyst reports. Canaccord Genuity initiated 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 objective for the company. Zacks Investment Research cut shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Stifel Nicolaus cut shares of QTS Realty Trust from a “buy” rating to a “hold” rating and set a $53.00 price objective for the company. in a research report on Tuesday, May 10th. Jefferies Group reaffirmed a “buy” rating and set a $59.00 price objective on shares of QTS Realty Trust in a research report on Wednesday, July 6th. Finally, Goldman Sachs Group Inc. initiated 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 objective for the company. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. QTS Realty Trust currently has a consensus rating of “Buy” and an average target price of $56.44.

The company has a market capitalization of $2.56 billion and a price-to-earnings ratio of 103.26. The company’s 50-day moving average price is $55.09 and its 200-day moving average price is $50.75.

QTS Realty Trust (NYSE:QTS) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company earned $98.70 million during the quarter, compared to analysts’ expectations of $97.03 million. During the same period in the previous year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 44.9% compared to the same quarter last year. On average, analysts expect that QTS Realty Trust Inc. will post $2.59 EPS 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 given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Friday, September 16th.

In related 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 sale, the director now directly owns 10,420 shares of the company’s stock, valued at approximately $568,098.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shirley E. Goza sold 18,587 shares of the stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $54.38, for a total value of $1,010,761.06. Following the completion of the sale, the insider now directly owns 26,794 shares of the company’s stock, valued at $1,457,057.72. The disclosure for this sale can be found here.

A number of large investors recently added to or reduced their stakes in QTS. I.G. Investment Management LTD. raised its stake 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 last quarter. State of New Jersey Common Pension Fund D bought a new stake in QTS Realty Trust during the fourth quarter worth approximately $1,692,000. Morgan Stanley raised 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. Finally, Rhumbline Advisers raised 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 worth $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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.