Shares of QTS Realty Trust Inc (NYSE:QTS) have been assigned an average rating of “Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $45.71.
Several equities analysts have recently commented on the company. ValuEngine lowered QTS Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. BMO Capital Markets set a $48.00 target price on QTS Realty Trust and gave the company a “buy” rating in a research note on Monday, December 3rd. Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of QTS Realty Trust in a research note on Tuesday, February 26th. Finally, Zacks Investment Research upgraded QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th.
A number of institutional investors and hedge funds have recently bought and sold shares of QTS. Bremer Trust National Association purchased a new position in QTS Realty Trust in the fourth quarter valued at about $27,000. Pearl River Capital LLC purchased a new position in QTS Realty Trust in the fourth quarter valued at about $44,000. Oppenheimer Asset Management Inc. purchased a new position in QTS Realty Trust in the fourth quarter valued at about $48,000. Nisa Investment Advisors LLC purchased a new position in QTS Realty Trust in the fourth quarter valued at about $117,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of QTS Realty Trust during the fourth quarter worth about $170,000. Institutional investors own 98.09% of the company’s stock.
Shares of QTS Realty Trust stock opened at $44.34 on Friday. The firm has a market cap of $2.44 billion, a PE ratio of 17.05, a PEG ratio of 1.92 and a beta of 0.74. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.67 and a current ratio of 0.67. QTS Realty Trust has a 12 month low of $33.47 and a 12 month high of $46.69.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Wednesday, March 20th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Tuesday, March 19th. This is a positive change from QTS Realty Trust’s previous quarterly dividend of $0.41. QTS Realty Trust’s payout ratio is 67.69%.
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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