QTS Realty Trust, Inc. (NYSE:QTS)‘s stock had its “hold” rating reissued by equities research analysts at Deutsche Bank AG in a research report issued to clients and investors on Friday. They presently have a $52.00 price target on the real estate investment trust’s stock, down from their previous price target of $53.00. Deutsche Bank AG’s price objective indicates a potential downside of 2.80% from the stock’s previous close.

QTS has been the topic of several other research reports. Zacks Investment Research lowered shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Mitsubishi UFJ Financial Group initiated coverage on shares of QTS Realty Trust in a research note on Tuesday, April 25th. They set an “overweight” rating and a $58.00 price objective on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $60.00 target price on shares of QTS Realty Trust in a report on Friday, July 28th. TheStreet cut shares of QTS Realty Trust from a “b-” rating to a “c” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of QTS Realty Trust in a report on Monday, May 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $57.08.

QTS Realty Trust (NYSE:QTS) traded up 0.34% during midday trading on Friday, hitting $53.50. 394,804 shares of the company were exchanged. The firm has a market capitalization of $2.61 billion, a PE ratio of 136.48 and a beta of 0.47. The stock has a 50 day moving average of $52.99 and a 200 day moving average of $51.37. QTS Realty Trust has a 1-year low of $43.01 and a 1-year high of $56.54.

QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.63 EPS for the quarter, hitting the consensus estimate of $0.63. QTS Realty Trust had a net margin of 4.60% and a return on equity of 2.04%. The business had revenue of $107.86 million for the quarter, compared to analyst estimates of $107.66 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. QTS Realty Trust’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts predict that QTS Realty Trust will post $0.44 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/qts-realty-trust-inc-nyseqts-stock-rating-reaffirmed-by-deutsche-bank-ag/1473945.html.

In other QTS Realty Trust news, Director Stephen E. Westhead sold 1,217 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $50.25, for a total transaction of $61,154.25. Following the completion of the sale, the director now directly owns 1,924 shares of the company’s stock, valued at $96,681. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stephen E. Westhead sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $53.08, for a total transaction of $530,800.00. Following the sale, the director now directly owns 11,924 shares of the company’s stock, valued at $632,925.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,217 shares of company stock valued at $1,167,914. 17.30% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Spirit of America Management Corp NY raised its position in QTS Realty Trust by 4.4% in the first quarter. Spirit of America Management Corp NY now owns 47,800 shares of the real estate investment trust’s stock worth $2,330,000 after buying an additional 2,000 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in QTS Realty Trust during the first quarter worth $417,000. SeaBridge Investment Advisors LLC raised its position in QTS Realty Trust by 3.4% in the first quarter. SeaBridge Investment Advisors LLC now owns 7,340 shares of the real estate investment trust’s stock worth $358,000 after buying an additional 240 shares during the last quarter. State of Alaska Department of Revenue raised its position in QTS Realty Trust by 27.9% in the first quarter. State of Alaska Department of Revenue now owns 23,810 shares of the real estate investment trust’s stock worth $1,160,000 after buying an additional 5,200 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in QTS Realty Trust by 243.3% in the first quarter. Nationwide Fund Advisors now owns 203,536 shares of the real estate investment trust’s stock worth $9,922,000 after buying an additional 144,241 shares during the last quarter.

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)

Receive News & Ratings for QTS Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QTS Realty Trust Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.