BMO Capital Markets set a $48.00 price objective on QTS Realty Trust (NYSE:QTS) in a report published on Monday morning. The firm currently has a buy rating on the real estate investment trust’s stock.

A number of other research analysts have also recently weighed in on QTS. Zacks Investment Research cut shares of QTS Realty Trust from a hold rating to a sell rating in a research note on Friday, November 2nd. Guggenheim upgraded shares of QTS Realty Trust from a neutral rating to a buy rating and lifted their target price for the company from $45.00 to $46.00 in a research note on Wednesday, October 31st. ValuEngine cut shares of QTS Realty Trust from a hold rating to a sell rating in a research note on Monday, October 29th. Credit Suisse Group upgraded shares of QTS Realty Trust from an underperform rating to a neutral rating and lifted their target price for the company from $30.00 to $42.00 in a research note on Wednesday, August 8th. Finally, Berenberg Bank began coverage on shares of QTS Realty Trust in a research note on Thursday, September 20th. They set a hold rating and a $50.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $46.42.

Shares of QTS Realty Trust stock opened at $41.62 on Monday. The firm has a market cap of $2.04 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 2.06 and a beta of 0.80. QTS Realty Trust has a 1-year low of $31.58 and a 1-year high of $56.41. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.54 and a current ratio of 0.54.

QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings results on Monday, October 29th. The real estate investment trust reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.75). QTS Realty Trust had a positive return on equity of 0.40% and a negative net margin of 5.49%. The business had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $105.28 million. During the same quarter in the prior year, the business earned $0.70 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts expect that QTS Realty Trust will post 2.19 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 8th. Shareholders of record on Friday, December 21st will be issued a $0.41 dividend. The ex-dividend date is Thursday, December 20th. This represents a $1.64 dividend on an annualized basis and a yield of 3.94%. QTS Realty Trust’s dividend payout ratio is currently 59.42%.

In related news, CEO Chad L. Williams purchased 17,500 shares of QTS Realty Trust stock in a transaction on Friday, November 2nd. The shares were bought at an average cost of $39.17 per share, for a total transaction of $685,475.00. Following the acquisition, the chief executive officer now owns 356,028 shares in the company, valued at approximately $13,945,616.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 16.10% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. OppenheimerFunds Inc. bought a new stake in QTS Realty Trust in the 2nd quarter valued at $209,000. Commonwealth Equity Services LLC bought a new stake in shares of QTS Realty Trust in the 2nd quarter worth about $221,000. Advisors Asset Management Inc. increased its holdings in shares of QTS Realty Trust by 79.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 5,974 shares of the real estate investment trust’s stock worth $236,000 after buying an additional 2,647 shares during the last quarter. Virginia Retirement Systems ET AL bought a new stake in shares of QTS Realty Trust in the 3rd quarter worth about $294,000. Finally, Vident Investment Advisory LLC bought a new stake in shares of QTS Realty Trust in the 2nd quarter worth about $300,000.

About QTS Realty Trust

QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of secure, compliant data center solutions, hybrid cloud and fully managed services. QTS' integrated technology service platform of hyperscale and hybrid colocation provides flexible, scalable, secure IT solutions for web and IT applications.

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Analyst Recommendations for QTS Realty Trust (NYSE:QTS)

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