QTS Realty Trust (NYSE:QTS) Stock Rating Lowered by Zacks Investment Research

Thursday, July 22, 2021 | MarketBeat

QTS Realty Trust (NYSE:QTS) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

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. "

Other analysts have also recently issued research reports about the stock. Truist cut shares of QTS Realty Trust from a "buy" rating to a "hold" rating and decreased their price target for the stock from $85.00 to $78.00 in a research note on Thursday, June 10th. Wells Fargo & Company cut shares of QTS Realty Trust from an "overweight" rating to an "equal weight" rating and set a $78.00 price target for the company. in a research note on Wednesday, June 9th. Truist Securities downgraded shares of QTS Realty Trust from a "buy" rating to a "hold" rating and cut their price objective for the stock from $85.00 to $78.00 in a research report on Thursday, June 10th. Barclays upped their price objective on shares of QTS Realty Trust from $73.00 to $78.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 27th. Finally, BMO Capital Markets downgraded shares of QTS Realty Trust from an "outperform" rating to a "market perform" rating and increased their price target for the company from $76.00 to $78.00 in a report on Tuesday, June 8th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. QTS Realty Trust currently has an average rating of "Buy" and an average target price of $76.44.

Shares of QTS Realty Trust stock opened at $77.75 on Thursday. The firm has a fifty day moving average of $72.66. QTS Realty Trust has a 12-month low of $55.91 and a 12-month high of $78.65. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market cap of $5.35 billion, a PE ratio of -149.52 and a beta of 0.54.

QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings results on Tuesday, April 27th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.56 by ($0.63). QTS Realty Trust had a return on equity of 1.30% and a net margin of 2.80%. Analysts expect that QTS Realty Trust will post 2.3 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in QTS. Truvestments Capital LLC acquired a new position in QTS Realty Trust in the fourth quarter valued at about $27,000. Eaton Vance Management bought a new position in QTS Realty Trust in the first quarter valued at approximately $32,000. International Assets Investment Management LLC grew its stake in QTS Realty Trust by 69.7% in the first quarter. International Assets Investment Management LLC now owns 1,069 shares of the real estate investment trust's stock valued at $66,000 after purchasing an additional 439 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in QTS Realty Trust in the first quarter valued at approximately $117,000. Finally, Fifth Third Bancorp grew its stake in QTS Realty Trust by 11.2% in the first quarter. Fifth Third Bancorp now owns 2,584 shares of the real estate investment trust's stock valued at $160,000 after purchasing an additional 261 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 7 million square feet of owned data center space throughout primarily North America and Europe. 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.

Featured Article: What is Forex?

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)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in QTS Realty Trust right now?

Before you consider QTS Realty Trust, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and QTS Realty Trust wasn't on the list.

While QTS Realty Trust currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.