KeyCorp set a $40.00 price objective on QTS Realty Trust (NYSE:QTS) in a research report sent to investors on Monday. The brokerage currently has a buy rating on the real estate investment trust’s stock.
Several other research analysts also recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of QTS Realty Trust to $42.00 and set an outperform rating on the stock in a research report on Monday, February 26th. They noted that the move was a valuation call. Credit Suisse Group reduced their price target on shares of QTS Realty Trust from $43.00 to $31.00 and set an underperform rating on the stock in a research report on Friday, February 23rd. Jefferies Group downgraded shares of QTS Realty Trust from a buy rating to a hold rating and set a $65.00 price target on the stock. in a research report on Friday, February 23rd. SunTrust Banks reiterated a buy rating on shares of QTS Realty Trust in a research report on Thursday, February 22nd. Finally, Wells Fargo & Co reiterated a buy rating and set a $37.00 price target (down previously from $63.00) on shares of QTS Realty Trust in a research report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $51.86.
Shares of QTS Realty Trust (NYSE:QTS) opened at $34.51 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.24. QTS Realty Trust has a fifty-two week low of $31.58 and a fifty-two week high of $61.55. The firm has a market cap of $1,732.97, a PE ratio of 12.41, a PEG ratio of 0.67 and a beta of 0.71.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 22nd will be given a dividend of $0.41 per share. The ex-dividend date is Wednesday, March 21st. This is an increase from QTS Realty Trust’s previous quarterly dividend of $0.39. This represents a $1.64 dividend on an annualized basis and a yield of 4.75%. QTS Realty Trust’s dividend payout ratio is presently 7,800.00%.
Institutional investors have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management acquired a new position in QTS Realty Trust during the 3rd quarter valued at about $115,000. Opus Capital Group LLC acquired a new position in QTS Realty Trust during the 4th quarter valued at about $206,000. ETRADE Capital Management LLC acquired a new position in QTS Realty Trust during the 3rd quarter valued at about $220,000. Ellington Management Group LLC acquired a new position in QTS Realty Trust during the 4th quarter valued at about $222,000. Finally, Quantbot Technologies LP lifted its position in QTS Realty Trust by 752.5% during the 3rd quarter. Quantbot Technologies LP now owns 4,348 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 3,838 shares during the period.
About QTS Realty Trust
QTS Realty Trust, Inc (QTS) is a provider of secure, compliant data center solutions, hybrid cloud and fully managed services. The Company owns, develops and operates carrier-neutral and multi-tenant data centers. Its data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers.
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