Analysts Set QTS Realty Trust, Inc. (NYSE:QTS) Target Price at $75.77

QTS Realty Trust, Inc. (NYSE:QTS) has been given an average recommendation of “Buy” by the fourteen brokerages that are presently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $75.77.

Several analysts have recently commented on QTS shares. Wells Fargo & Company downgraded QTS Realty Trust from an “overweight” rating to an “equal weight” rating and set a $78.00 price objective for the company. in a research note on Wednesday, June 9th. Stifel Nicolaus downgraded QTS Realty Trust from a “buy” rating to a “hold” rating and increased their price objective for the stock from $76.00 to $78.00 in a research note on Tuesday, June 8th. Zacks Investment Research lowered shares of QTS Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, July 22nd. BMO Capital Markets lowered shares of QTS Realty Trust from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $76.00 to $78.00 in a research note on Tuesday, June 8th. Finally, Cowen lowered shares of QTS Realty Trust from an “outperform” rating to a “market perform” rating and set a $78.00 target price for the company. in a research note on Monday, June 7th.

A number of institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp bought a new stake in QTS Realty Trust in the 2nd quarter valued at about $29,000. Eaton Vance Management bought a new stake in QTS Realty Trust in the 1st quarter valued at about $32,000. Key Financial Inc bought a new stake in QTS Realty Trust in the 2nd quarter valued at about $75,000. Eagle Bay Advisors LLC bought a new stake in QTS Realty Trust in the 2nd quarter valued at about $85,000. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new position in QTS Realty Trust in the 1st quarter valued at approximately $117,000.

QTS Realty Trust stock remained flat at $$77.98 during mid-day trading on Thursday. The company’s stock had a trading volume of 1,401,407 shares, compared to its average volume of 1,296,731. QTS Realty Trust has a 12-month low of $55.91 and a 12-month high of $78.65. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of -141.78 and a beta of 0.54. The company has a fifty day simple moving average of $77.78 and a 200-day simple moving average of $71.22. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.68 and a quick ratio of 0.68.

QTS Realty Trust (NYSE:QTS) last released its quarterly earnings data on Tuesday, August 3rd. The real estate investment trust reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.65). QTS Realty Trust had a net margin of 1.76% and a return on equity of 0.73%. As a group, equities research analysts expect that QTS Realty Trust will post 2.32 earnings per share for the current year.

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 7 million square feet of owned data center space throughout primarily North America and Europe. 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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