QTS Realty Trust (NYSE:QTS) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.

QTS has been the topic of a number of other reports. Berenberg Bank assumed coverage on QTS Realty Trust in a report on Thursday, September 20th. They set a “hold” rating and a $50.00 price objective on the stock. BMO Capital Markets set a $48.00 price objective on QTS Realty Trust and gave the company a “buy” rating in a report on Monday, December 3rd. Zacks Investment Research raised QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Raymond James restated a “hold” rating on shares of QTS Realty Trust in a research report on Monday, August 20th. Finally, Guggenheim upgraded QTS Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $45.00 to $46.00 in a research report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. QTS Realty Trust currently has an average rating of “Buy” and a consensus price target of $46.42.

Shares of NYSE QTS opened at $40.47 on Thursday. The stock has a market cap of $2.04 billion, a P/E ratio of 14.66, a PEG ratio of 2.06 and a beta of 0.80. 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 has a 1-year low of $31.58 and a 1-year high of $56.41.

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

In related news, CEO Chad L. Williams purchased 17,500 shares of QTS Realty Trust stock in a transaction that occurred on Friday, November 2nd. The shares were acquired at an average cost of $39.17 per share, for a total transaction of $685,475.00. Following the transaction, the chief executive officer now directly owns 356,028 shares in the company, valued at $13,945,616.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.10% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. OppenheimerFunds Inc. bought a new stake in shares of QTS Realty Trust in the 2nd quarter worth approximately $209,000. Commonwealth Equity Services LLC bought a new stake in shares of QTS Realty Trust in the 2nd quarter worth approximately $221,000. Advisors Asset Management Inc. grew its position 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 approximately $294,000. Finally, Vident Investment Advisory LLC bought a new stake in shares of QTS Realty Trust in the 2nd quarter worth approximately $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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