Comerica Bank raised its holdings in QTS Realty Trust Inc (NYSE:QTS) by 96.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 206,256 shares of the real estate investment trust’s stock after purchasing an additional 101,209 shares during the quarter. Comerica Bank owned 0.40% of QTS Realty Trust worth $8,379,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. OppenheimerFunds Inc. purchased a new stake in QTS Realty Trust in the second quarter valued at $209,000. Commonwealth Equity Services LLC purchased a new stake in QTS Realty Trust in the second quarter valued at $221,000. WINTON GROUP Ltd purchased a new stake in QTS Realty Trust in the first quarter valued at $204,000. Advisors Asset Management Inc. boosted its holdings in QTS Realty Trust by 79.6% in the second quarter. Advisors Asset Management Inc. now owns 5,974 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 2,647 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its holdings in QTS Realty Trust by 54.3% in the first quarter. Xact Kapitalforvaltning AB now owns 6,823 shares of the real estate investment trust’s stock valued at $247,000 after purchasing an additional 2,400 shares during the last quarter.
Shares of QTS Realty Trust stock opened at $40.51 on Friday. The stock has a market capitalization of $2.10 billion, a P/E ratio of 14.68, a P/E/G ratio of 1.13 and a beta of 0.76. QTS Realty Trust Inc has a twelve month low of $31.58 and a twelve month high of $61.55. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.94 and a current ratio of 0.54.
QTS Realty Trust (NYSE:QTS) last released its quarterly earnings data on Monday, October 29th. The real estate investment trust reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.75). The business had revenue of $112.20 million during the quarter, compared to analyst estimates of $105.28 million. QTS Realty Trust had a negative net margin of 5.49% and a positive return on equity of 0.40%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.70 EPS. Sell-side analysts forecast that QTS Realty Trust Inc will post 2.19 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 8th. Investors of record on Friday, December 21st will be issued a $0.41 dividend. The ex-dividend date of this dividend is Thursday, December 20th. This represents a $1.64 annualized dividend and a yield of 4.05%. QTS Realty Trust’s dividend payout ratio (DPR) is presently 59.42%.
In other QTS Realty Trust news, CEO Chad L. Williams purchased 17,500 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was bought at an average price of $39.17 per share, with a total value of $685,475.00. Following the transaction, the chief executive officer now directly owns 356,028 shares of the company’s stock, valued at approximately $13,945,616.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen E. Westhead sold 1,924 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $46.25, for a total transaction of $88,985.00. Following the completion of the transaction, the director now directly owns 5,014 shares of the company’s stock, valued at approximately $231,897.50. The disclosure for this sale can be found here. Company insiders own 16.10% of the company’s stock.
Several equities research analysts have recently issued reports on QTS shares. Berenberg Bank raised shares of QTS Realty Trust from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Tuesday, October 23rd. Stifel Nicolaus set a $48.00 target price on shares of QTS Realty Trust and gave the stock a “buy” rating in a research note on Tuesday, July 17th. BMO Capital Markets set a $51.00 target price on shares of QTS Realty Trust and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Guggenheim raised shares of QTS Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $45.00 to $46.00 in a research note on Wednesday, October 31st. Finally, Zacks Investment Research raised shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. QTS Realty Trust presently has a consensus rating of “Buy” and an average target price of $46.42.
About QTS Realty Trust
QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of secure, compliant data center solutions, hybrid cloud and fully managed services. QTS' integrated technology service platform of hyperscale and hybrid colocation provide flexible, scalable, secure IT solutions for web and IT applications.
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