QTS Realty Trust (NYSE:QTS) had its price target lifted by KeyCorp from $70.00 to $75.00 in a research report report published on Thursday morning, The Fly reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently commented on the company. Credit Suisse Group reaffirmed a hold rating on shares of QTS Realty Trust in a research note on Tuesday, July 28th. Wells Fargo & Co lifted their price objective on QTS Realty Trust from $72.00 to $74.00 and gave the stock an overweight rating in a research note on Friday, July 10th. Morgan Stanley lifted their price objective on QTS Realty Trust from $58.00 to $74.00 and gave the stock an overweight rating in a research note on Wednesday, June 3rd. Jefferies Financial Group upgraded QTS Realty Trust from a hold rating to a buy rating and lifted their target price for the stock from $55.00 to $75.00 in a report on Monday, May 4th. Finally, Raymond James upgraded QTS Realty Trust from a market perform rating to an outperform rating and set a $74.00 target price on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of Buy and an average price target of $69.41.

Shares of NYSE QTS traded up $0.35 during midday trading on Thursday, hitting $71.95. The stock had a trading volume of 470,723 shares, compared to its average volume of 585,111. The company’s 50-day simple moving average is $65.13 and its 200 day simple moving average is $60.64. The firm has a market cap of $4.34 billion, a P/E ratio of -232.09 and a beta of 0.52. QTS Realty Trust has a fifty-two week low of $42.64 and a fifty-two week high of $72.11. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.38 and a quick ratio of 1.39.

QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings data on Monday, July 27th. The real estate investment trust reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.63). QTS Realty Trust had a return on equity of 1.88% and a net margin of 3.90%. The company had revenue of $131.60 million for the quarter, compared to analyst estimates of $129.99 million. During the same period last year, the firm earned $0.65 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Equities analysts expect that QTS Realty Trust will post 2.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Friday, September 18th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Thursday, September 17th. QTS Realty Trust’s dividend payout ratio (DPR) is 71.48%.

In related news, CEO Chad L. Williams sold 241,808 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $65.15, for a total transaction of $15,753,791.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP William H. Schafer sold 20,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $65.18, for a total transaction of $1,303,600.00. Following the transaction, the executive vice president now owns 16,307 shares in the company, valued at approximately $1,062,890.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 277,225 shares of company stock valued at $18,147,836. Insiders own 13.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in QTS. Sowell Financial Services LLC lifted its holdings in QTS Realty Trust by 151.2% during the first quarter. Sowell Financial Services LLC now owns 520 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 313 shares in the last quarter. Truvestments Capital LLC bought a new position in QTS Realty Trust during the first quarter worth $31,000. Van ECK Associates Corp lifted its stake in QTS Realty Trust by 108.9% during the first quarter. Van ECK Associates Corp now owns 704 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 367 shares during the last quarter. Huntington National Bank lifted its stake in QTS Realty Trust by 60.0% during the second quarter. Huntington National Bank now owns 800 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 300 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in QTS Realty Trust during the first quarter worth $90,000.

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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The Fly

Analyst Recommendations for QTS Realty Trust (NYSE:QTS)

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