Log in

QTS Realty Trust (NYSE:QTS) Stock Rating Reaffirmed by Jefferies Financial Group

Last updated on Tuesday, August 11, 2020 | 2020 MarketBeat

QTS Realty Trust (NYSE:QTS)'s stock had its "buy" rating reiterated by stock analysts at Jefferies Financial Group in a research report issued on Tuesday, AnalystRatings.com reports.

QTS has been the subject of several other research reports. KeyCorp lifted their price objective on shares of QTS Realty Trust from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Zacks Investment Research cut shares of QTS Realty Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, July 28th. CSFB lifted their price objective on shares of QTS Realty Trust from $64.00 to $68.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 5th. Morgan Stanley lifted their price objective on shares of QTS Realty Trust from $58.00 to $74.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 3rd. Finally, Cowen began coverage on shares of QTS Realty Trust in a research note on Thursday, April 16th. They issued an "outperform" rating and a $69.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of "Buy" and an average target price of $70.50.

NYSE QTS opened at $70.80 on Tuesday. The firm has a 50-day moving average of $67.02 and a 200-day moving average of $61.62. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market cap of $4.38 billion, a PE ratio of 26.44 and a beta of 0.54. QTS Realty Trust has a 52-week low of $42.64 and a 52-week high of $72.60.

QTS Realty Trust (NYSE:QTS) last posted its earnings results on Monday, July 27th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.63). QTS Realty Trust had a return on equity of 1.87% and a net margin of 3.90%. The company had revenue of $131.60 million for the quarter, compared to analyst estimates of $129.99 million. During the same quarter in the prior year, the business posted $0.65 EPS. The business's quarterly revenue was up 10.6% compared to the same quarter last year. As a group, analysts predict that QTS Realty Trust will post 2.25 EPS for the current fiscal year.

In related news, Director Scott D. Miller sold 35,469 shares of QTS Realty Trust stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $71.48, for a total transaction of $2,535,324.12. Following the sale, the director now directly owns 45,462 shares of the company's stock, valued at approximately $3,249,623.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shirley E. Goza sold 15,417 shares of QTS Realty Trust stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $70.73, for a total transaction of $1,090,444.41. Following the sale, the insider now directly owns 29,152 shares in the company, valued at $2,061,920.96. The disclosure for this sale can be found here. Insiders own 13.90% of the company's stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. First Bank & Trust bought a new stake in QTS Realty Trust during the 2nd quarter worth approximately $29,000. Sowell Financial Services LLC grew its holdings in QTS Realty Trust by 151.2% during the 1st quarter. Sowell Financial Services LLC now owns 520 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 313 shares during the last quarter. Truvestments Capital LLC bought a new stake in QTS Realty Trust during the 1st quarter worth approximately $31,000. CSat Investment Advisory L.P. bought a new stake in QTS Realty Trust during the 2nd quarter worth approximately $38,000. Finally, Van ECK Associates Corp grew its holdings in QTS Realty Trust by 108.9% during the 1st quarter. Van ECK Associates Corp now owns 704 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 367 shares during 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.

Recommended Story: How is diluted EPS different from basic EPS?

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]

20 Stocks Analysts Can't Stop Upgrading

As you know, a single upgrade from a broker probably won't be a major game changer for any single stock. But, what if there was a stock that had been upgraded by more than 10 different brokers during the last 90 days?

If ten different brokers have all upgraded a stock within the last few months and the price hasn't skyrocketed (at least, not yet), you would want to take a pretty hard look at it.

It turns out that there are actually 20 different companies that have been upgraded or had their price target increased at least ten times during the last ninety days by more than 10 different brokers. This slideshow lists those companies.

View the "20 Stocks Analysts Can't Stop Upgrading".

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.