QTS Realty Trust Inc. (NYSE:QTS)‘s stock had its “buy” rating reiterated by Wells Fargo & Co. in a research note issued on Thursday.

A number of other brokerages have also recently commented on QTS. Zacks Investment Research upgraded QTS Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Jefferies Group restated a “buy” rating and issued a $59.00 price target on shares of QTS Realty Trust in a research report on Wednesday, July 6th. Goldman Sachs Group Inc. assumed coverage on QTS Realty Trust in a research report on Tuesday, July 5th. They issued a “neutral” rating and a $57.00 price target on the stock. SunTrust Banks Inc. assumed coverage on QTS Realty Trust in a research report on Thursday, July 21st. They issued a “buy” rating and a $65.00 price target on the stock. Finally, Deutsche Bank AG raised their price target 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. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. QTS Realty Trust presently has a consensus rating of “Buy” and an average target price of $56.44.

Shares of QTS Realty Trust (NYSE:QTS) traded down 0.18% during mid-day trading on Thursday, reaching $54.64. The company’s stock had a trading volume of 94,186 shares. The firm has a market cap of $2.61 billion, a PE ratio of 105.28 and a beta of 0.33. QTS Realty Trust has a 12 month low of $40.50 and a 12 month high of $59.41. The company has a 50-day moving average of $54.01 and a 200-day moving average of $52.23.

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 Zacks’ consensus estimate of $0.60 by $0.03. QTS Realty Trust had a return on equity of 2.88% and a net margin of 6.03%. The company had revenue of $98.70 million for the quarter, compared to analysts’ expectations of $97.03 million. During the same quarter last year, the business earned $0.53 earnings per share. QTS Realty Trust’s revenue was up 44.9% on a year-over-year basis. On average, analysts predict that QTS Realty Trust will post $2.59 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 20th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, September 16th. QTS Realty Trust’s payout ratio is 288.00%.

Several hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA purchased a new stake in shares of QTS Realty Trust during the second quarter worth approximately $117,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of QTS Realty Trust by 21.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,090 shares of the company’s stock worth $117,000 after buying an additional 374 shares during the last quarter. BlackRock Japan Co. Ltd raised its stake in shares of QTS Realty Trust by 19.1% in the second quarter. BlackRock Japan Co. Ltd now owns 2,424 shares of the company’s stock worth $136,000 after buying an additional 388 shares during the last quarter. Societe Generale purchased a new stake in shares of QTS Realty Trust during the second quarter worth approximately $181,000. Finally, Denver Investment Advisors LLC purchased a new stake in shares of QTS Realty Trust during the second quarter worth approximately $201,000.

QTS Realty Trust Company Profile

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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