Zacks Investment Research upgraded shares of QTS Realty Trust, Inc. (NYSE:QTS) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

According to Zacks, “QTS Realty Trust Inc. is a real estate investment trust. It is an owner, developer and operator of carrier-neutral, multi-tenant data centers. QTS’s data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers. The Company refers to its spectrum of core data center products as its 3Cs which consists of Custom Data Center, Colocation and Cloud and Managed Services. QTS Realty Trust Inc. is headquartered in Kansas, United States. “

Several other equities research analysts have also recently commented on the company. Credit Suisse Group initiated coverage on QTS Realty Trust in a report on Friday, June 30th. They issued a neutral rating and a $54.00 price target for the company. Macquarie reaffirmed a buy rating and issued a $55.00 price target on shares of QTS Realty Trust in a report on Thursday, April 6th. Canaccord Genuity reaffirmed a buy rating and issued a $59.00 price target on shares of QTS Realty Trust in a report on Tuesday, May 2nd. Stifel Nicolaus reaffirmed a buy rating on shares of QTS Realty Trust in a report on Tuesday, April 25th. Finally, Mitsubishi UFJ Financial Group initiated coverage on QTS Realty Trust in a report on Tuesday, April 25th. They issued an overweight rating and a $58.00 price target for the company. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. QTS Realty Trust currently has a consensus rating of Buy and a consensus price target of $57.00.

QTS Realty Trust (QTS) opened at 53.47 on Friday. The stock has a market cap of $2.61 billion, a PE ratio of 137.81 and a beta of 0.47. QTS Realty Trust has a one year low of $43.01 and a one year high of $57.06. The stock has a 50 day moving average price of $52.74 and a 200-day moving average price of $51.20.

QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. QTS Realty Trust had a return on equity of 2.04% and a net margin of 4.60%. The firm had revenue of $107.86 million during the quarter, compared to analysts’ expectations of $107.66 million. During the same quarter last year, the firm earned $0.63 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts expect that QTS Realty Trust will post $0.45 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://www.watchlistnews.com/qts-realty-trust-inc-qts-upgraded-to-hold-by-zacks-investment-research/1465915.html.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Friday, June 16th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $1.56 annualized dividend and a dividend yield of 2.92%. QTS Realty Trust’s dividend payout ratio is currently 390.00%.

In other news, Director Stephen E. Westhead sold 1,600 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $49.74, for a total transaction of $79,584.00. Following the completion of the transaction, the director now directly owns 3,641 shares in the company, valued at $181,103.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephen E. Westhead sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $53.08, for a total value of $530,800.00. Following the transaction, the director now 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 90 days, insiders have sold 24,317 shares of company stock valued at $1,272,373. Company insiders own 17.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Assets Capital Advisers raised its position in QTS Realty Trust by 47.7% in the second quarter. American Assets Capital Advisers now owns 230,826 shares of the real estate investment trust’s stock valued at $12,008,000 after buying an additional 74,509 shares in the last quarter. Sei Investments Co. raised its position in QTS Realty Trust by 1.5% in the second quarter. Sei Investments Co. now owns 70,479 shares of the real estate investment trust’s stock valued at $3,688,000 after buying an additional 1,024 shares in the last quarter. Investment Counselors of Maryland LLC raised its position in QTS Realty Trust by 70.0% in the second quarter. Investment Counselors of Maryland LLC now owns 344,370 shares of the real estate investment trust’s stock valued at $18,021,000 after buying an additional 141,800 shares in the last quarter. American Trust Investment Advisors LLC purchased a new position in QTS Realty Trust during the second quarter valued at approximately $3,696,000. Finally, Janney Montgomery Scott LLC raised its position in QTS Realty Trust by 0.4% in the second quarter. Janney Montgomery Scott LLC now owns 38,828 shares of the real estate investment trust’s stock valued at $2,032,000 after buying an additional 163 shares in 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.

Get a free copy of the Zacks research report on QTS Realty Trust (QTS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.