QTS Realty Trust (NYSE:QTS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday, January 4th.

According to Zacks, “QTS Realty Trust Inc. is a real estate investment trust. It is an owner, developer and operator of carrier-neutral, multi-tenant data centers. QTS’s data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers. The Company refers to its spectrum of core data center products as its 3Cs which consists of Custom Data Center, Colocation and Cloud and Managed Services. QTS Realty Trust Inc. is headquartered in Kansas, United States. “

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A number of other equities analysts have also issued reports on QTS. Jefferies Group dropped their target price on shares of QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, November 20th. Credit Suisse Group set a $55.00 price target on shares of QTS Realty Trust and gave the stock a “hold” rating in a research note on Thursday, October 26th. SunTrust Banks lifted their price target on shares of QTS Realty Trust from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. JPMorgan Chase & Co. boosted their target price on shares of QTS Realty Trust from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Finally, Wells Fargo & Co boosted their target price on shares of QTS Realty Trust from $62.50 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. QTS Realty Trust has a consensus rating of “Hold” and a consensus price target of $58.08.

QTS Realty Trust (QTS) opened at $49.70 on Thursday. QTS Realty Trust has a 52-week low of $46.32 and a 52-week high of $61.55. The company has a market cap of $2,526.58, a P/E ratio of 121.22, a PEG ratio of 0.90 and a beta of 0.44. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.84 and a quick ratio of 0.84.

In other news, insider Daniel T. Bennewitz sold 9,144 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $57.46, for a total value of $525,414.24. Following the completion of the sale, the insider now owns 58,624 shares of the company’s stock, valued at approximately $3,368,535.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO James H. Reinhart sold 4,050 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $58.42, for a total value of $236,601.00. Following the completion of the sale, the chief operating officer now owns 65,595 shares in the company, valued at approximately $3,832,059.90. The disclosure for this sale can be found here. Insiders sold a total of 37,201 shares of company stock valued at $2,112,933 over the last quarter. 17.30% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of QTS. Picton Mahoney Asset Management bought a new stake in QTS Realty Trust in the 3rd quarter valued at $115,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in QTS Realty Trust by 15.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,399 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 453 shares during the period. Harbor Advisors LLC bought a new position in QTS Realty Trust during the 2nd quarter worth $209,000. PNC Financial Services Group Inc. increased its position in QTS Realty Trust by 4,127.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,974 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 3,880 shares during the period. Finally, GAM Holding AG increased its position in QTS Realty Trust by 5.2% during the 2nd quarter. GAM Holding AG now owns 4,014 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 200 shares during the period.

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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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