QTS Realty Trust, Inc. (NYSE:QTS) Director Stephen E. Westhead sold 9,425 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $54.44, for a total value of $513,097.00. Following the sale, the director now directly owns 11,349 shares of the company’s stock, valued at $617,839.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of QTS Realty Trust, Inc. (NYSE:QTS) traded down 1.42% on Thursday, reaching $53.43. The company’s stock had a trading volume of 479,236 shares. The company’s 50-day moving average is $53.06 and its 200 day moving average is $51.49. QTS Realty Trust, Inc. has a 12-month low of $43.01 and a 12-month high of $56.54. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 136.30 and a beta of 0.47.

QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.63 EPS for the quarter, meeting analysts’ consensus estimates of $0.63. The company had revenue of $107.86 million during the quarter, compared to analysts’ expectations of $107.66 million. QTS Realty Trust had a return on equity of 2.04% and a net margin of 4.60%. QTS Realty Trust’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share. Equities analysts anticipate that QTS Realty Trust, Inc. will post $0.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 22nd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Thursday, September 21st. QTS Realty Trust’s dividend payout ratio (DPR) is presently 390.00%.

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A number of hedge funds have recently added to or reduced their stakes in QTS. IndexIQ Advisors LLC raised its stake in QTS Realty Trust by 12.1% in the first quarter. IndexIQ Advisors LLC now owns 43,005 shares of the real estate investment trust’s stock valued at $2,096,000 after buying an additional 4,644 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in QTS Realty Trust by 1.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 46,812 shares of the real estate investment trust’s stock valued at $2,282,000 after buying an additional 537 shares in the last quarter. Goodwin Daniel L bought a new stake in QTS Realty Trust during the first quarter valued at about $487,000. Wells Fargo & Company MN raised its stake in QTS Realty Trust by 4.5% in the first quarter. Wells Fargo & Company MN now owns 198,974 shares of the real estate investment trust’s stock valued at $9,700,000 after buying an additional 8,490 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in QTS Realty Trust by 9.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,114 shares of the real estate investment trust’s stock valued at $883,000 after buying an additional 1,557 shares in the last quarter.

Several research analysts have recently weighed in on QTS shares. BidaskClub upgraded QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday. Deutsche Bank AG reiterated a “hold” rating and set a $52.00 price target (down previously from $53.00) on shares of QTS Realty Trust in a research note on Friday, August 11th. Zacks Investment Research upgraded QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 price target on shares of QTS Realty Trust in a research note on Friday, June 9th. Finally, TheStreet downgraded QTS Realty Trust from a “b-” rating to a “c” rating in a research note on Tuesday, July 25th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $57.08.

QTS Realty Trust Company Profile

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.

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

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