QTS Realty Trust Inc. (QTS) Sees Large Volume Increase

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Shares of QTS Realty Trust Inc. (NYSE:QTS) saw strong trading volume on Wednesday . 1,031,191 shares traded hands during trading, an increase of 233% from the previous session’s volume of 309,611 shares.The stock last traded at $56.34 and had previously closed at $55.20.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Jefferies Group cut their target price on shares of QTS Realty Trust from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Thursday, August 11th. SunTrust Banks assumed coverage on shares of QTS Realty Trust in a report on Thursday, July 21st. They issued a “buy” rating and a $65.00 target price on the stock. Wells Fargo & Co. assumed coverage on shares of QTS Realty Trust in a report on Tuesday, May 31st. They issued an “outperform” rating on the stock. Finally, Goldman Sachs Group assumed coverage on shares of QTS Realty Trust in a report on Tuesday, July 5th. They issued a “neutral” rating and a $57.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. QTS Realty Trust has a consensus rating of “Buy” and a consensus price target of $56.44.
The stock has a market capitalization of $2.70 billion and a price-to-earnings ratio of 108.55. The company’s 50-day moving average is $54.76 and its 200 day moving average is $51.56.

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QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The firm had revenue of $98.70 million for the quarter, compared to analysts’ expectations of $97.03 million. During the same period last year, the company earned $0.53 earnings per share. The firm’s revenue was up 44.9% on a year-over-year basis. On average, equities research analysts forecast that QTS Realty Trust Inc. will post $2.59 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 20th will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, September 16th. This represents a $1.44 annualized dividend and a dividend yield of 2.56%.
In other news, CIO Jeffrey H. Berson sold 6,505 shares of the company’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $53.97, for a total transaction of $351,074.85. Following the sale, the executive now directly owns 56,076 shares of the company’s stock, valued at approximately $3,026,421.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel T. Bennewitz sold 9,150 shares of the company’s stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $54.00, for a total value of $494,100.00. Following the sale, the insider now directly owns 59,866 shares in the company, valued at $3,232,764. The disclosure for this sale can be found here. Insiders own 17.30% of the company’s stock.
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. It operates through a portfolio of investments in over 20 data centers located primarily in the United States with others in Canada, Europe and the Asia-Pacific region.

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