Teachers Insurance & Annuity Association of America boosted its position in QTS Realty Trust Inc (NYSE:QTS) by 13.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,551 shares of the real estate investment trust’s stock after buying an additional 6,167 shares during the quarter. Teachers Insurance & Annuity Association of America owned approximately 0.11% of QTS Realty Trust worth $2,900,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in QTS Realty Trust by 19.1% in the third quarter. Wells Fargo & Company MN now owns 241,943 shares of the real estate investment trust’s stock valued at $12,669,000 after buying an additional 38,858 shares during the last quarter. RMR Advisors LLC bought a new stake in QTS Realty Trust in the fourth quarter valued at about $542,000. Forsta AP Fonden bought a new position in shares of QTS Realty Trust during the fourth quarter valued at approximately $1,013,000. Bank of New York Mellon Corp grew its holdings in shares of QTS Realty Trust by 141.8% during the third quarter. Bank of New York Mellon Corp now owns 645,265 shares of the real estate investment trust’s stock valued at $33,785,000 after purchasing an additional 378,397 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of QTS Realty Trust by 3.8% during the third quarter. Dimensional Fund Advisors LP now owns 689,730 shares of the real estate investment trust’s stock valued at $36,114,000 after purchasing an additional 25,487 shares during the last quarter.
Several equities analysts have recently commented on the company. Guggenheim lowered QTS Realty Trust from a “buy” rating to a “neutral” rating in a report on Thursday, February 22nd. Wells Fargo & Co upped their target price on QTS Realty Trust from $62.50 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, November 15th. Royal Bank of Canada lowered their target price on QTS Realty Trust to $42.00 and set an “outperform” rating for the company in a report on Monday, February 26th. They noted that the move was a valuation call. Zacks Investment Research lowered QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Finally, Bank of America lowered their target price on QTS Realty Trust from $62.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. QTS Realty Trust currently has an average rating of “Hold” and a consensus target price of $52.77.
QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. QTS Realty Trust had a return on equity of 3.15% and a net margin of 0.29%. The business had revenue of $118.90 million during the quarter, compared to analyst estimates of $118.30 million. During the same period in the prior year, the company posted $0.64 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. analysts anticipate that QTS Realty Trust Inc will post 2.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 22nd will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.79%. This is an increase from QTS Realty Trust’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, March 21st. QTS Realty Trust’s dividend payout ratio is 7,800.00%.
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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