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.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/08/qts-realty-trust-inc-qts-sees-large-volume-increase.html
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.
Receive News & Ratings for QTS Realty Trust Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for QTS Realty Trust Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.