QTS Realty Trust (NYSE:QTS)‘s stock had its “buy” rating reiterated by equities researchers at Royal Bank of Canada in a note issued to investors on Thursday, AnalystRatings.com reports. They presently have a $52.00 price objective on the real estate investment trust’s stock. Royal Bank of Canada’s price target suggests a potential upside of 7.68% from the company’s previous close.
A number of other brokerages also recently weighed in on QTS. ValuEngine downgraded QTS Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Zacks Investment Research lowered QTS Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. BMO Capital Markets reiterated a “buy” rating and issued a $49.00 price objective on shares of QTS Realty Trust in a research report on Wednesday, July 31st. Credit Suisse Group increased their price objective on QTS Realty Trust from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, Raymond James raised QTS Realty Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. QTS Realty Trust currently has a consensus rating of “Buy” and an average target price of $49.57.
Shares of QTS traded down $0.32 during midday trading on Thursday, hitting $48.29. The stock had a trading volume of 248,558 shares, compared to its average volume of 461,389. QTS Realty Trust has a 1 year low of $34.27 and a 1 year high of $48.82. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 2.21 and a beta of 0.61. The company has a current ratio of 0.79, a quick ratio of 0.63 and a debt-to-equity ratio of 1.48. The company’s 50 day moving average is $45.58.
In other news, CEO Chad L. Williams bought 7,230 shares of QTS Realty Trust stock in a transaction dated Thursday, May 30th. The shares were acquired at an average price of $45.88 per share, with a total value of $331,712.40. Following the completion of the purchase, the chief executive officer now owns 397,787 shares in the company, valued at approximately $18,250,467.56. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Wayne M. Rehberger bought 1,100 shares of QTS Realty Trust stock in a transaction dated Monday, August 5th. The stock was purchased at an average cost of $45.50 per share, for a total transaction of $50,050.00. Following the purchase, the director now owns 3,046 shares of the company’s stock, valued at approximately $138,593. The disclosure for this purchase can be found here. Company insiders own 13.40% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB purchased a new position in shares of QTS Realty Trust during the first quarter valued at approximately $4,716,000. Scout Investments Inc. raised its stake in shares of QTS Realty Trust by 65.2% in the second quarter. Scout Investments Inc. now owns 97,602 shares of the real estate investment trust’s stock valued at $4,507,000 after acquiring an additional 38,508 shares during the period. Amalgamated Bank raised its stake in shares of QTS Realty Trust by 39.9% in the fourth quarter. Amalgamated Bank now owns 7,130 shares of the real estate investment trust’s stock valued at $264,000 after acquiring an additional 2,034 shares during the period. Timbercreek Investment Management Inc. raised its stake in shares of QTS Realty Trust by 17.1% in the first quarter. Timbercreek Investment Management Inc. now owns 403,255 shares of the real estate investment trust’s stock valued at $18,142,000 after acquiring an additional 58,740 shares during the period. Finally, Quantitative Systematic Strategies LLC raised its stake in shares of QTS Realty Trust by 167.8% in the first quarter. Quantitative Systematic Strategies LLC now owns 24,120 shares of the real estate investment trust’s stock valued at $1,085,000 after acquiring an additional 15,114 shares during the period.
QTS Realty Trust Company Profile
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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