QTS Realty Trust (NYSE:QTS) had its price target increased by Credit Suisse Group from $46.00 to $51.00 in a research report report published on Wednesday, Stock Target Advisor reports. Credit Suisse Group currently has a neutral rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently issued reports on the company. Royal Bank of Canada reissued a buy rating and set a $52.00 price target on shares of QTS Realty Trust in a research report on Thursday, August 8th. KeyCorp increased their price target on QTS Realty Trust from $50.00 to $54.00 and gave the stock an overweight rating in a research report on Tuesday, October 8th. Morgan Stanley raised QTS Realty Trust from an equal weight rating to an overweight rating and increased their price target for the stock from $48.00 to $56.00 in a research report on Thursday, September 19th. ValuEngine downgraded QTS Realty Trust from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Finally, Guggenheim set a $54.00 price target on QTS Realty Trust and gave the stock a buy rating in a research report on Thursday, September 12th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $56.44.

Shares of NYSE QTS traded down $0.67 during trading hours on Wednesday, reaching $50.68. 885,363 shares of the stock were exchanged, compared to its average volume of 459,900. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 2.52 and a beta of 0.54. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.79 and a current ratio of 0.95. QTS Realty Trust has a 52 week low of $34.27 and a 52 week high of $55.13. The stock’s fifty day simple moving average is $52.19 and its 200 day simple moving average is $47.82.

QTS Realty Trust (NYSE:QTS) last announced its earnings results on Monday, November 4th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.61). The firm had revenue of $125.26 million for the quarter, compared to the consensus estimate of $119.89 million. QTS Realty Trust had a return on equity of 4.05% and a net margin of 8.55%. QTS Realty Trust’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. Research analysts predict that QTS Realty Trust will post 2.3 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the business. Natixis Advisors L.P. boosted its holdings in shares of QTS Realty Trust by 1.8% in the 2nd quarter. Natixis Advisors L.P. now owns 14,397 shares of the real estate investment trust’s stock valued at $665,000 after purchasing an additional 256 shares in the last quarter. Zeke Capital Advisors LLC boosted its holdings in shares of QTS Realty Trust by 5.8% in the 3rd quarter. Zeke Capital Advisors LLC now owns 5,616 shares of the real estate investment trust’s stock valued at $289,000 after purchasing an additional 307 shares in the last quarter. Huntington National Bank boosted its holdings in shares of QTS Realty Trust by 77.2% in the 2nd quarter. Huntington National Bank now owns 886 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 386 shares in the last quarter. Winslow Evans & Crocker Inc. boosted its holdings in shares of QTS Realty Trust by 170.4% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 676 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 426 shares in the last quarter. Finally, Truvestments Capital LLC boosted its holdings in shares of QTS Realty Trust by 505.6% in the 2nd quarter. Truvestments Capital LLC now owns 539 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 450 shares in the last quarter.

About QTS Realty Trust

QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of data center solutions across a diverse footprint spanning more than 6 million square feet of owned mega scale data center space throughout North America. Through its software-defined technology platform, QTS is able to deliver secure, compliant infrastructure solutions, robust connectivity and premium customer service to leading hyperscale technology companies, enterprises, and government entities.

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Analyst Recommendations for QTS Realty Trust (NYSE:QTS)

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