QTS Realty Trust Inc. (NYSE: QTS) shares rose on Thursday December 29 with lower trade volume than normal after a number of analysts weighed in on the investing value of the stock with a downgraded rating.
Meanwhile, U.S. stocks were little changed in early trade Thursday. The S&P 500 SPX, +0.04% rose 0.1% to 2,252, while the Dow DJIA, +0.04% advanced 16 points to 19,850. The Nasdaq Composite COMP, -0.04% was virtually flat at 5,439.
Analysts at Zacks Investment Research downgraded shares of QTS Realty Trust Inc. (NYSE: QTS) from Hold to Sell in a research note to investors today. Zacks Investment Research currently has a rating of Sell on the stock. The one-year price target of $57.36 is higher than the opening price of $48.61, resulting a number of other analysts to report on the stock recently. Looking back over the last year, QTS Realty Trust Inc. stock has a high of $59.41. Considerable and major digressions in the company’s procedures, future direction or industry can cause downgrades as the analysts feel that the future prospects for the security have weakened from the original recommendation.
Shares of QTS Realty Trust Inc. (NYSE: QTS) opened at $48.61 on Tuesday trading between $48.31 and $48.97, and last traded at $48.82, which is a jump of $0.28 or 0.58% compared to the previous closing price.
QTS Realty Trust Inc. (NYSE: QTS) currently has a market cap of 2.34B.
QTS Realty Trust Inc. (NYSE: QTS) Average Daily Trading Volume
11,379 shares crossed the trading desk yesterday, lower than the average, out of a total float 47,201,000. Trading volume is likely to increase in the next few days as swing traders often use upticks in trading volume to pinpoint heavy volume growth or circulation by institutional investors.
While increased trading for one day will not mean much, conversely, a trend of heavy trading volume on the buy side over a series of days or weeks delivers a positive cue to market traders that institutions may be moving in, so institutional sponsorship is critical.
Institutional sponsorship commonly refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors retain teams of analysts that research thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.
QTS Realty Trust Inc. (NYSE: QTS) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By spotting trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.
With that in mind, QTS Realty Trust Inc. (NYSE: QTS) now has a 50-day MA of $47.09 and 200-day MA of $51.89. It has traded in a 52-week range between $40.50 – 59.41 and today’s last price is 17.83%% lower than the 52 week high of $59.41.
Indeed, earnings growth is among the most important things to look at in regards to stock investing and, accordingly, investors seek companies that have been successful at growing their earnings by at least 25% over a 3 year period.
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