QTS Realty Trust Inc. (QTS) Hits New 12-Month High at $56.87
Shares of QTS Realty Trust Inc. (NYSE:QTS) reached a new 52-week high during trading on Tuesday . The company traded as high as $56.87 and last traded at $55.56, with a volume of 289,771 shares. The stock had previously closed at $56.50.
A number of research firms have commented on QTS. Stifel Nicolaus downgraded QTS Realty Trust from a “buy” rating to a “hold” rating and set a $53.00 target price on the stock. in a research report on Tuesday, May 10th. Wells Fargo & Co. began coverage on QTS Realty Trust in a research report on Tuesday, May 31st. They set an “outperform” rating on the stock. Goldman Sachs Group Inc. began coverage on QTS Realty Trust in a research report on Tuesday, July 5th. They issued a “neutral” rating and a $57.00 price objective on the stock. Jefferies Group restated a “buy” rating and issued a $59.00 price objective on shares of QTS Realty Trust in a research report on Wednesday, July 6th. Finally, Canaccord Genuity began coverage on QTS Realty Trust in a research report on Monday, June 6th. They issued a “buy” rating and a $63.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given 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 price target of $53.78.
The firm has a market capitalization of $2.69 billion and a PE ratio of 103.63. The company’s 50-day moving average is $54.48 and its 200-day moving average is $48.55.
QTS Realty Trust (NYSE:QTS) last posted its earnings results on Monday, April 25th. The company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.06. The company had revenue of $94.80 million for the quarter, compared to the consensus estimate of $94.48 million. During the same quarter last year, the business earned $0.50 earnings per share. QTS Realty Trust’s quarterly revenue was up 54.4% on a year-over-year basis. Equities research analysts predict that QTS Realty Trust Inc. will post $2.60 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 6th. Shareholders of record on Friday, June 17th were issued 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 yield of 2.56%.
In other news, Director John W. Barter sold 10,533 shares of QTS Realty Trust stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $54.52, for a total value of $574,259.16. Following the transaction, the director now directly owns 10,420 shares in the company, valued at $568,098.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CIO Jeffrey H. Berson sold 6,505 shares of QTS Realty Trust stock in a transaction dated 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 in the company, valued at $3,026,421.72. The disclosure for this sale can be found here.
Other institutional investors have bought and sold shares of the company. 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 last quarter. Dimensional Fund Advisors LP raised its position in QTS Realty Trust by 66.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 329,458 shares of the company’s stock worth $14,862,000 after buying an additional 131,694 shares during the last quarter. Morgan Stanley raised 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 worth $22,789,000 after buying an additional 435,026 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in QTS Realty Trust during the fourth quarter worth approximately $3,282,000. Finally, Jennison Associates LLC raised its position in QTS Realty Trust by 33.4% in the fourth quarter. Jennison Associates LLC now owns 2,632,976 shares of the company’s stock worth $118,774,000 after buying an additional 658,575 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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