Congress Asset Management Co. MA lessened its stake in QTS Realty Trust Inc (NYSE:QTS) by 9.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,641 shares of the real estate investment trust’s stock after selling 4,195 shares during the quarter. Congress Asset Management Co. MA owned approximately 0.08% of QTS Realty Trust worth $2,141,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC raised its stake in QTS Realty Trust by 505.6% during the second quarter. Truvestments Capital LLC now owns 539 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 450 shares during the period. Quest Capital Management Inc. ADV acquired a new stake in QTS Realty Trust during the third quarter worth about $26,000. Sandy Spring Bank bought a new position in QTS Realty Trust in the 3rd quarter worth about $26,000. Quadrant Capital Group LLC bought a new position in QTS Realty Trust in the 3rd quarter worth about $29,000. Finally, NEXT Financial Group Inc bought a new position in QTS Realty Trust in the 2nd quarter worth about $36,000.
Several research firms have commented on QTS. Morgan Stanley upgraded shares of QTS Realty Trust from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $48.00 to $56.00 in a research report on Thursday, September 19th. Royal Bank of Canada restated a “buy” rating and issued a $52.00 target price on shares of QTS Realty Trust in a research report on Thursday, August 8th. ValuEngine cut shares of QTS Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. upgraded shares of QTS Realty Trust from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $50.00 to $65.00 in a research report on Tuesday, October 29th. Finally, Raymond James upped their target price on shares of QTS Realty Trust from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $55.78.
NYSE:QTS traded up $0.21 during trading hours on Friday, reaching $51.56. 208,474 shares of the company’s stock were exchanged, compared to its average volume of 559,969. The company has a market capitalization of $2.98 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 2.52 and a beta of 0.54. QTS Realty Trust Inc has a 12 month low of $34.27 and a 12 month high of $55.13. The company has a quick ratio of 0.79, a current ratio of 0.95 and a debt-to-equity ratio of 1.34. The business’s 50-day simple moving average is $52.15 and its two-hundred day simple moving average is $47.80.
QTS Realty Trust (NYSE:QTS) last issued its earnings results on Monday, November 4th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.61). The business had revenue of $125.26 million for the quarter, compared to the consensus estimate of $119.89 million. QTS Realty Trust had a return on equity of 4.05% and a net margin of 8.55%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 earnings per share. As a group, sell-side analysts anticipate that QTS Realty Trust Inc will post 2.3 earnings per share for the current fiscal year.
QTS Realty Trust Company Profile
QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of data center solutions across a diverse footprint spanning more than 6 million square feet of owned mega scale data center space throughout North America. Through its software-defined technology platform, QTS is able to deliver secure, compliant infrastructure solutions, robust connectivity and premium customer service to leading hyperscale technology companies, enterprises, and government entities.
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