GW&K Investment Management LLC grew its position in QTS Realty Trust Inc (NYSE:QTS) by 13.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 917,988 shares of the real estate investment trust’s stock after acquiring an additional 111,615 shares during the quarter. GW&K Investment Management LLC owned 1.66% of QTS Realty Trust worth $47,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in QTS. Truvestments Capital LLC increased its position in shares of QTS Realty Trust by 505.6% in the second quarter. Truvestments Capital LLC now owns 539 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 450 shares during the last quarter. Quest Capital Management Inc. ADV acquired a new position in shares of QTS Realty Trust in the 3rd quarter valued at $26,000. Sandy Spring Bank acquired a new stake in QTS Realty Trust during the 3rd quarter worth $26,000. Quadrant Capital Group LLC acquired a new stake in QTS Realty Trust during the 3rd quarter worth $29,000. Finally, NEXT Financial Group Inc acquired a new stake in QTS Realty Trust during the 2nd quarter worth $36,000.
QTS stock traded down $0.67 during trading on Friday, hitting $50.68. The company had a trading volume of 885,363 shares, compared to its average volume of 459,900. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 2.52 and a beta of 0.54. The business has a 50 day moving average of $52.19 and a 200 day moving average of $47.82. QTS Realty Trust Inc has a fifty-two week low of $34.27 and a fifty-two week high of $55.13. The company has a current ratio of 0.95, a quick ratio of 0.79 and a debt-to-equity ratio of 1.34.
QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.61). QTS Realty Trust had a net margin of 8.55% and a return on equity of 4.05%. The business had revenue of $125.26 million during the quarter, compared to the consensus estimate of $119.89 million. During the same period in the prior year, the company posted $0.61 earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year. As a group, equities analysts predict that QTS Realty Trust Inc will post 2.3 EPS for the current year.
A number of analysts recently weighed in on QTS shares. BMO Capital Markets increased their price target on shares of QTS Realty Trust from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday. ValuEngine downgraded shares of QTS Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Credit Suisse Group boosted their price target on shares of QTS Realty Trust from $46.00 to $51.00 and gave the company a “neutral” rating in a report on Wednesday. Royal Bank of Canada reissued a “buy” rating and set a $52.00 price target on shares of QTS Realty Trust in a report on Thursday, August 8th. Finally, Zacks Investment Research raised shares of QTS Realty Trust from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Saturday. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $56.44.
About QTS Realty Trust
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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