QTS Realty Trust Inc (NYSE:QTS) Director Stephen E. Westhead sold 1,217 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $50.25, for a total value of $61,154.25. Following the transaction, the director now directly owns 1,924 shares in the company, valued at $96,681. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

QTS Realty Trust Inc (NYSE:QTS) traded down 0.06% during midday trading on Friday, reaching $50.53. The company’s stock had a trading volume of 25,667 shares. QTS Realty Trust Inc has a one year low of $43.01 and a one year high of $59.41. The stock’s 50 day moving average price is $50.73 and its 200-day moving average price is $49.29. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 120.02 and a beta of 0.45.

QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $106 million during the quarter, compared to the consensus estimate of $105.36 million. QTS Realty Trust had a net margin of 5.47% and a return on equity of 2.53%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 earnings per share. On average, analysts forecast that QTS Realty Trust Inc will post $0.45 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for QTS Realty Trust (NYSE:QTS)

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Friday, June 16th will be given a $0.39 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.09%. QTS Realty Trust’s dividend payout ratio (DPR) is currently 320.00%.

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QTS has been the topic of several research analyst reports. Stifel Nicolaus raised QTS Realty Trust from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Tuesday, January 31st. They noted that the move was a valuation call. Jefferies Group LLC increased their price target on QTS Realty Trust from $57.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, February 23rd. Macquarie reissued a “buy” rating and set a $55.00 price target on shares of QTS Realty Trust in a report on Thursday, April 6th. Deutsche Bank AG increased their price target on QTS Realty Trust from $49.00 to $51.00 and gave the company a “hold” rating in a report on Tuesday, April 18th. Finally, Mitsubishi UFJ Financial Group began coverage on QTS Realty Trust in a report on Tuesday, April 25th. They set an “overweight” rating and a $58.00 price target on the stock. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $57.58.

Hedge funds and other institutional investors have recently modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD purchased a new position in shares of QTS Realty Trust during the third quarter worth $918,000. BlackRock Advisors LLC increased its position in shares of QTS Realty Trust by 9.9% in the third quarter. BlackRock Advisors LLC now owns 24,461 shares of the real estate investment trust’s stock worth $1,293,000 after buying an additional 2,201 shares during the period. BlackRock Fund Advisors increased its position in shares of QTS Realty Trust by 6.8% in the third quarter. BlackRock Fund Advisors now owns 1,207,563 shares of the real estate investment trust’s stock worth $63,820,000 after buying an additional 76,880 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of QTS Realty Trust by 4.7% in the third quarter. TIAA CREF Investment Management LLC now owns 164,311 shares of the real estate investment trust’s stock worth $8,684,000 after buying an additional 7,345 shares during the period. Finally, Rhumbline Advisers increased its position in shares of QTS Realty Trust by 13.2% in the third quarter. Rhumbline Advisers now owns 51,629 shares of the real estate investment trust’s stock worth $2,729,000 after buying an additional 6,011 shares during the period.

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.

5 Day Chart for NYSE:QTS

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