QTS Realty Trust Inc Class A (NYSE:QTS) Research Coverage Started at Berenberg Bank

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Investment analysts at Berenberg Bank started coverage on shares of QTS Realty Trust Inc Class A (NYSE:QTS) in a report released on Thursday, September 20th, Marketbeat Ratings reports. The firm set a “hold” rating and a $50.00 price target on the real estate investment trust’s stock. Berenberg Bank’s target price points to a potential upside of 27.06% from the stock’s current price.

Several other research firms have also issued reports on QTS. Zacks Investment Research upgraded QTS Realty Trust Inc Class A from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Raymond James restated a “hold” rating on shares of QTS Realty Trust Inc Class A in a research report on Monday, August 20th. Credit Suisse Group upgraded QTS Realty Trust Inc Class A from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $30.00 to $42.00 in a research report on Wednesday, August 8th. Wells Fargo & Co boosted their price objective on QTS Realty Trust Inc Class A from $38.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, July 18th. Finally, BMO Capital Markets began coverage on QTS Realty Trust Inc Class A in a research report on Tuesday, July 17th. They issued an “outperform” rating and a $51.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $48.73.

NYSE:QTS traded down $0.33 on Thursday, hitting $39.35. 490,816 shares of the stock were exchanged, compared to its average volume of 626,202. The stock has a market capitalization of $2.18 billion, a P/E ratio of 14.26, a P/E/G ratio of 1.16 and a beta of 0.66. QTS Realty Trust Inc Class A has a 52 week low of $31.58 and a 52 week high of $61.55. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.81.

QTS Realty Trust Inc Class A (NYSE:QTS) last announced its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.09. The firm had revenue of $102.55 million during the quarter, compared to analysts’ expectations of $101.79 million. QTS Realty Trust Inc Class A had a positive return on equity of 1.46% and a negative net margin of 2.90%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 EPS. As a group, equities analysts predict that QTS Realty Trust Inc Class A will post 2.19 EPS for the current year.

In other QTS Realty Trust Inc Class A news, Director Catherine R. Kinney purchased 1,400 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were acquired at an average price of $44.07 per share, for a total transaction of $61,698.00. Following the purchase, the director now owns 11,657 shares in the company, valued at $513,723.99. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen E. Westhead sold 1,924 shares of the stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $46.25, for a total value of $88,985.00. Following the completion of the sale, the director now owns 5,014 shares in the company, valued at approximately $231,897.50. The disclosure for this sale can be found here. Corporate insiders own 16.10% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asia Hong Kong Ltd bought a new position in QTS Realty Trust Inc Class A during the 1st quarter worth $148,000. Quantbot Technologies LP bought a new position in QTS Realty Trust Inc Class A during the 1st quarter worth $187,000. WINTON GROUP Ltd bought a new position in QTS Realty Trust Inc Class A during the 1st quarter worth $204,000. OppenheimerFunds Inc. bought a new position in QTS Realty Trust Inc Class A during the 2nd quarter worth $209,000. Finally, Commonwealth Equity Services LLC bought a new position in QTS Realty Trust Inc Class A during the 2nd quarter worth $221,000.

QTS Realty Trust Inc Class A Company Profile

QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of secure, compliant data center solutions, hybrid cloud and fully managed services. QTS' integrated technology service platform of hyperscale and hybrid colocation provide flexible, scalable, secure IT solutions for web and IT applications.

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