Heitman Real Estate Securities LLC purchased a new position in QTS Realty Trust Inc (NYSE:QTS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 211,733 shares of the real estate investment trust’s stock, valued at approximately $11,467,000. Heitman Real Estate Securities LLC owned approximately 0.42% of QTS Realty Trust at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management bought a new position in QTS Realty Trust in the 3rd quarter worth about $115,000. Opus Capital Group LLC bought a new position in QTS Realty Trust in the 4th quarter worth about $206,000. ETRADE Capital Management LLC bought a new position in QTS Realty Trust in the 3rd quarter worth about $220,000. Quantbot Technologies LP boosted its stake in QTS Realty Trust by 752.5% in the 3rd quarter. Quantbot Technologies LP now owns 4,348 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 3,838 shares in the last quarter. Finally, Worth Venture Partners LLC bought a new position in QTS Realty Trust in the 3rd quarter worth about $267,000.
QTS Realty Trust Inc (QTS) opened at $34.25 on Monday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market cap of $1,732.97, a PE ratio of 12.41, a price-to-earnings-growth ratio of 0.67 and a beta of 0.71. QTS Realty Trust Inc has a one year low of $31.58 and a one year high of $61.55.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 22nd will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $1.64 annualized dividend and a yield of 4.79%. This is a boost from QTS Realty Trust’s previous quarterly dividend of $0.39. QTS Realty Trust’s dividend payout ratio is currently 7,800.00%.
A number of equities analysts 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 research note on Wednesday, February 21st. SunTrust Banks reiterated a “buy” rating on shares of QTS Realty Trust in a research note on Thursday, February 22nd. Royal Bank of Canada dropped their price target on shares of QTS Realty Trust to $42.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. They noted that the move was a valuation call. Raymond James Financial cut shares of QTS Realty Trust from an “outperform” rating to an “underperform” rating in a research note on Wednesday, February 21st. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $37.00 price target (down previously from $63.00) on shares of QTS Realty Trust in a research note on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $52.77.
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QTS Realty Trust 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.
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