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Credit Suisse Group Raises QTS Realty Trust (NYSE:QTS) Price Target to $46.00

QTS Realty Trust (NYSE:QTS) had its price target lifted by Credit Suisse Group from $44.00 to $46.00 in a report issued on Wednesday, BenzingaRatingsTable reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on QTS. Raymond James upgraded QTS Realty Trust from a market perform rating to an outperform rating and set a $50.00 price target on the stock in a research report on Wednesday. ValuEngine downgraded QTS Realty Trust from a buy rating to a hold rating in a research report on Friday, July 12th. Zacks Investment Research downgraded QTS Realty Trust from a buy rating to a hold rating in a research report on Wednesday, July 17th. Finally, BMO Capital Markets reiterated a buy rating and set a $49.00 price target on shares of QTS Realty Trust in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $49.17.

Get QTS Realty Trust alerts: Shares of QTS stock opened at $45.97 on Wednesday. The stock has a market capitalization of $2.56 billion, a P/E ratio of 17.68, a P/E/G ratio of 2.18 and a beta of 0.61. The business’s 50 day simple moving average is $45.53. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.31. QTS Realty Trust has a 12-month low of $34.27 and a 12-month high of $47.13.

QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.58). The business had revenue of $119.17 million for the quarter, compared to analysts’ expectations of $114.53 million. QTS Realty Trust had a return on equity of 2.99% and a net margin of 6.19%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 EPS. Equities research analysts anticipate that QTS Realty Trust will post 2.28 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Tuesday, June 25th were given a $0.44 dividend. The ex-dividend date was Monday, June 24th. This represents a $1.76 annualized dividend and a dividend yield of 3.83%. QTS Realty Trust’s dividend payout ratio (DPR) is presently 67.69%.

In other news, Director Stephen E. Westhead sold 5,135 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $46.26, for a total value of $237,545.10. Following the transaction, the director now owns 12,054 shares in the company, valued at $557,618.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . 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 value of $253,030.25. Following the completion of the transaction, the insider now owns 41,520 shares in the company, valued at approximately $1,891,236. The disclosure for this sale can be found here . Company insiders own 13.40% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Truvestments Capital LLC grew its stake in shares of 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 buying an additional 450 shares in the last quarter. Bremer Bank National Association acquired a new stake in shares of QTS Realty Trust in the first quarter valued at $33,000. NEXT Financial Group Inc acquired a new stake in shares of QTS Realty Trust in the second quarter valued at $36,000. Huntington National Bank grew its stake in shares of QTS Realty Trust by 77.2% in the second quarter. Huntington National Bank now owns 886 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 386 shares in the last quarter. Finally, First Hawaiian Bank grew its stake 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 valued at $50,000 after buying an additional 424 shares in the last quarter.

About QTS Realty Trust

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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