QTS Realty Trust, Inc. (QTS) PT Set at $55.00 by Credit Suisse Group
QTS Realty Trust, Inc. (NYSE:QTS) has been assigned a $55.00 price target by investment analysts at Credit Suisse Group in a report issued on Tuesday. The firm currently has a “hold” rating on the real estate investment trust’s stock. Credit Suisse Group’s price target indicates a potential downside of 5.61% from the company’s previous close.
Several other analysts also recently issued reports on the stock. TheStreet raised shares of QTS Realty Trust from a “c” rating to a “b-” rating in a report on Tuesday, October 24th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 price objective on shares of QTS Realty Trust in a report on Wednesday, September 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $58.00 price objective (up from $53.00) on shares of QTS Realty Trust in a report on Friday, August 25th. SunTrust Banks, Inc. increased their price target on shares of QTS Realty Trust from $62.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research raised shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $57.85.
QTS Realty Trust (QTS) opened at $58.27 on Tuesday. The firm has a market cap of $3,070.32, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 1.05 and a beta of 0.48. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.84 and a quick ratio of 0.84. QTS Realty Trust has a 12 month low of $44.23 and a 12 month high of $61.55.
QTS Realty Trust (NYSE:QTS) last released its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.59. The firm had revenue of $113.77 million for the quarter, compared to analyst estimates of $113.64 million. QTS Realty Trust had a net margin of 4.67% and a return on equity of 2.10%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 EPS. equities research analysts expect that QTS Realty Trust will post 2.7 earnings per share for the current year.
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In other QTS Realty Trust news, EVP William H. Schafer sold 16,260 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $54.47, for a total transaction of $885,682.20. Following the sale, the executive vice president now owns 67,735 shares of the company’s stock, valued at approximately $3,689,525.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO James H. Reinhart sold 3,545 shares of the stock in a transaction dated Tuesday, September 12th. The stock was 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 approximately $4,132,499.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,305 shares of company stock valued at $1,217,412. Corporate insiders own 17.30% of the company’s stock.
A number of large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC bought a new stake in QTS Realty Trust during the 3rd quarter worth about $298,000. Highbridge Capital Management LLC bought a new stake in QTS Realty Trust during the 3rd quarter worth about $2,932,000. AMP Capital Investors Ltd grew its holdings in QTS Realty Trust by 12.7% during the 3rd quarter. AMP Capital Investors Ltd now owns 7,994 shares of the real estate investment trust’s stock worth $419,000 after acquiring an additional 900 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of QTS Realty Trust by 170.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 378,863 shares of the real estate investment trust’s stock valued at $19,837,000 after purchasing an additional 238,863 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of QTS Realty Trust by 36.3% in the 3rd quarter. Stifel Financial Corp now owns 15,242 shares of the real estate investment trust’s stock valued at $792,000 after purchasing an additional 4,057 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.
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