QTS Realty Trust, Inc. (QTS) Given New $60.00 Price Target at J P Morgan Chase & Co
QTS Realty Trust, Inc. (NYSE:QTS) had its price target boosted by J P Morgan Chase & Co from $59.00 to $60.00 in a report published on Monday. They currently have a neutral rating on the real estate investment trust’s stock.
A number of other analysts have also recently weighed in on the company. Zacks Investment Research cut QTS Realty Trust from a buy rating to a hold rating in a research report on Saturday. Credit Suisse Group set a $55.00 price target on QTS Realty Trust and gave the stock a hold rating in a research report on Thursday, October 26th. SunTrust Banks, Inc. increased their price target on QTS Realty Trust from $62.00 to $64.00 and gave the stock a buy rating in a research report on Thursday, October 26th. TheStreet upgraded QTS Realty Trust from a c rating to a b- rating in a research report on Tuesday, October 24th. Finally, Royal Bank Of Canada reiterated a buy rating and set a $60.00 price target on shares of QTS Realty Trust in a research report on Wednesday, September 6th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $57.85.
QTS Realty Trust (NYSE QTS) traded up 1.58% on Monday, reaching $57.85. The company’s stock had a trading volume of 700,032 shares. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 147.58 and a beta of 0.45. QTS Realty Trust has a 52 week low of $43.01 and a 52 week high of $58.79. The firm’s 50 day moving average price is $53.78 and its 200-day moving average price is $52.95.
QTS Realty Trust (NYSE:QTS) last released its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.59. QTS Realty Trust had a return on equity of 2.13% and a net margin of 4.67%. The company had revenue of $113.77 million for the quarter, compared to the consensus estimate of $113.64 million. During the same quarter last year, the business posted $0.67 EPS. QTS Realty Trust’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities analysts predict that QTS Realty Trust will post $0.45 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 22nd were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.70%. The ex-dividend date was Thursday, September 21st. QTS Realty Trust’s dividend payout ratio is currently 380.50%.
In related news, COO James H. Reinhart sold 3,545 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $55.22, for a total value of $195,754.90. Following the sale, the chief operating officer now directly owns 74,837 shares in the company, valued at approximately $4,132,499.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Chad L. Williams sold 682,576 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $54.25, for a total value of $37,029,748.00. Following the completion of the sale, the chief executive officer now owns 236,526 shares in the company, valued at $12,831,535.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 732,541 shares of company stock worth $39,756,070. 17.30% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of QTS. Oppenheimer Asset Management Inc. acquired a new stake in QTS Realty Trust in the 1st quarter valued at approximately $113,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in QTS Realty Trust by 15.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,399 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 453 shares during the period. Teacher Retirement System of Texas acquired a new stake in QTS Realty Trust in the 2nd quarter valued at approximately $200,000. Prudential Financial Inc. acquired a new stake in QTS Realty Trust in the 1st quarter valued at approximately $207,000. Finally, PNC Financial Services Group Inc. increased its position in QTS Realty Trust by 4,127.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,974 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 3,880 shares during the period.
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. Its data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers.
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