Zacks Investment Research upgraded shares of QTS Realty Trust (NYSE:QTS) from a hold rating to a buy rating in a report released on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $52.00 target price on the real estate investment trust’s stock.

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. “

A number of other equities analysts also recently issued reports on the stock. ValuEngine upgraded shares of Valmont Industries from a sell rating to a hold rating in a research note on Friday, July 12th. BMO Capital Markets upgraded shares of TMAC Resources from a market perform rating to an outperform rating in a research note on Thursday, May 2nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $48.20.

NYSE QTS opened at $44.61 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.31. The company’s 50 day simple moving average is $45.76. QTS Realty Trust has a 52-week low of $34.27 and a 52-week high of $47.13. The company has a market capitalization of $2.47 billion, a P/E ratio of 17.16, a PEG ratio of 2.12 and a beta of 0.63.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 25th were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.76 annualized dividend and a yield of 3.95%. QTS Realty Trust’s dividend payout ratio (DPR) is 67.69%.

In other news, CEO Chad L. Williams bought 7,230 shares of the stock in a transaction on Thursday, May 30th. The stock was bought at an average cost of $45.88 per share, for a total transaction of $331,712.40. Following the completion of the purchase, the chief executive officer now directly owns 397,787 shares in the company, valued at $18,250,467.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jon D. Greaves sold 5,555 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $45.55, for a total transaction of $253,030.25. Following the completion of the sale, the insider now owns 41,520 shares of the company’s stock, valued at $1,891,236. The disclosure for this sale can be found here. 13.40% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in QTS. Truvestments Capital LLC boosted its stake in QTS Realty Trust by 505.6% in the second quarter. Truvestments Capital LLC now owns 539 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 450 shares in the last quarter. Bremer Bank National Association purchased a new position in shares of QTS Realty Trust in the first quarter worth $33,000. NEXT Financial Group Inc purchased a new position in shares of QTS Realty Trust in the second quarter worth $36,000. First Hawaiian Bank raised its holdings in shares of QTS Realty Trust by 61.3% in the first quarter. First Hawaiian Bank now owns 1,116 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 424 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of QTS Realty Trust by 22.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 1,581 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 295 shares during the last quarter.

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 6 million square feet of owned mega scale data center space throughout North America. 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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