Zacks Investment Research cut shares of QTS Realty Trust Inc. (NYSE:QTS) from a buy rating to a hold rating in a research report report published on Tuesday.
According to Zacks, “QTS Realty Trust Inc. is a real estate investment trust. It is an owner, developer and operator of carrier-neutral, multi-tenant data centers. QTS’s data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers. The Company refers to its spectrum of core data center products as its 3Cs which consists of Custom Data Center, Colocation and Cloud and Managed Services. QTS Realty Trust Inc. is headquartered in Kansas, United States. “
A number of other brokerages have also issued reports on QTS. Jefferies Group restated a buy rating and set a $59.00 target price on shares of QTS Realty Trust in a research report on Wednesday, July 6th. Goldman Sachs Group Inc. assumed coverage on shares of QTS Realty Trust in a research report on Tuesday, July 5th. They set a neutral rating and a $57.00 target price on the stock. SunTrust Banks Inc. assumed coverage on shares of QTS Realty Trust in a research report on Thursday, July 21st. They set a buy rating and a $65.00 target price on the stock. Deutsche Bank AG increased their target price on shares of QTS Realty Trust from $54.00 to $56.00 and gave the stock a hold rating in a research report on Monday, July 18th. Finally, Wells Fargo & Co. restated a buy rating on shares of QTS Realty Trust in a research report on Thursday, September 22nd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $57.60.
QTS Realty Trust (NYSE:QTS) opened at 46.71 on Tuesday. QTS Realty Trust has a 1-year low of $40.50 and a 1-year high of $59.41. The company has a market cap of $2.24 billion, a PE ratio of 100.24 and a beta of 0.34. The stock has a 50 day moving average of $52.44 and a 200-day moving average of $53.09.
QTS Realty Trust (NYSE:QTS) last announced its earnings results on Tuesday, October 25th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.03. QTS Realty Trust had a net margin of 5.47% and a return on equity of 2.66%. The firm had revenue of $103.50 million for the quarter, compared to analyst estimates of $46.02 million. During the same quarter in the prior year, the business posted $0.61 EPS. The business’s revenue was up 16.4% compared to the same quarter last year. On average, equities research analysts predict that QTS Realty Trust will post $2.60 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 5th. Investors of record on Tuesday, September 20th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.08%. The ex-dividend date was Friday, September 16th. QTS Realty Trust’s payout ratio is 320.00%.
Institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA bought a new position in shares of QTS Realty Trust during the second quarter valued at approximately $117,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 valued at $117,000 after buying an additional 374 shares during the last quarter. New Mexico Educational Retirement Board increased its position in shares of QTS Realty Trust by 15.0% in the third quarter. New Mexico Educational Retirement Board now owns 2,300 shares of the company’s stock valued at $122,000 after buying an additional 300 shares during the last quarter. BlackRock Japan Co. Ltd increased its position in QTS Realty Trust by 19.1% in the second quarter. BlackRock Japan Co. Ltd now owns 2,424 shares of the company’s stock valued at $136,000 after buying an additional 388 shares during the last quarter. Finally, Societe Generale acquired a new position in QTS Realty Trust during the second quarter valued at about $181,000.
About QTS Realty Trust
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.