QTS Realty Trust, Inc. (NYSE:QTS) had its price target upped by J P Morgan Chase & Co from $59.00 to $60.00 in a report issued on Monday. J P Morgan Chase & Co currently has a neutral rating on the real estate investment trust’s stock.

Other research analysts have also recently issued research reports about the stock. TheStreet raised shares of QTS Realty Trust from a c rating to a b- rating in a research report on Tuesday, October 24th. Royal Bank Of Canada reaffirmed a buy rating and issued a $60.00 target price on shares of QTS Realty Trust in a research report on Friday, July 28th. Zacks Investment Research raised shares of QTS Realty Trust from a hold rating to a buy rating and set a $60.00 target price on the stock in a research report on Tuesday, October 17th. SunTrust Banks, Inc. upped their target price on shares of QTS Realty Trust from $62.00 to $64.00 and gave the company a buy rating in a research report on Thursday, October 26th. Finally, Morgan Stanley reaffirmed an equal weight rating and issued a $58.00 target price (up previously from $53.00) on shares of QTS Realty Trust in a research report on Friday, August 25th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $57.85.

QTS Realty Trust (NYSE:QTS) last posted its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.59. QTS Realty Trust had a net margin of 4.67% and a return on equity of 2.13%. The company had revenue of $113.77 million for the quarter, compared to analysts’ expectations of $113.64 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. QTS Realty Trust’s revenue for the quarter was up 10.0% compared to the same quarter last year.

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In related news, COO James H. Reinhart sold 3,545 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $55.22, for a total transaction of $195,754.90. Following the sale, the chief operating officer now directly owns 74,837 shares in the company, valued at $4,132,499.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Chad L. Williams sold 682,576 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $54.25, for a total transaction of $37,029,748.00. Following 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. Insiders have sold 732,541 shares of company stock worth $39,756,070 in the last three months. Corporate insiders own 17.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in QTS. BlackRock Inc. increased its stake in shares of QTS Realty Trust by 6,140.3% during the first quarter. BlackRock Inc. now owns 4,053,598 shares of the real estate investment trust’s stock worth $197,612,000 after buying an additional 3,988,640 shares during the period. Lord Abbett & CO. LLC purchased a new stake in shares of QTS Realty Trust during the second quarter worth approximately $48,171,000. Prudential Financial Inc. increased its stake in shares of QTS Realty Trust by 15,615.8% during the second quarter. Prudential Financial Inc. now owns 666,350 shares of the real estate investment trust’s stock worth $34,870,000 after buying an additional 662,110 shares during the period. APG Asset Management US Inc. purchased a new stake in shares of QTS Realty Trust during the third quarter worth approximately $32,725,000. Finally, PGGM Investments purchased a new stake in shares of QTS Realty Trust during the third quarter worth approximately $21,991,000.

QTS Realty Trust Company Profile

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.

Analyst Recommendations for QTS Realty Trust (NYSE:QTS)

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