Raymond James Financial Services Advisors Inc. cut its position in QTS Realty Trust Inc (NYSE:QTS) by 50.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,128 shares of the real estate investment trust’s stock after selling 16,645 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in QTS Realty Trust were worth $1,034,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Guggenheim Capital LLC bought a new stake in QTS Realty Trust in the 1st quarter valued at about $1,614,000. Wellington Management Group LLP lifted its position in QTS Realty Trust by 1,245.6% in the 1st quarter. Wellington Management Group LLP now owns 391,747 shares of the real estate investment trust’s stock valued at $22,725,000 after purchasing an additional 362,633 shares during the last quarter. Van ECK Associates Corp lifted its position in QTS Realty Trust by 108.9% in the 1st quarter. Van ECK Associates Corp now owns 704 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 367 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of QTS Realty Trust by 75.7% during the 1st quarter. Alliancebernstein L.P. now owns 177,712 shares of the real estate investment trust’s stock worth $10,309,000 after buying an additional 76,560 shares in the last quarter. Finally, Teachers Insurance & Annuity Association of America raised its position in shares of QTS Realty Trust by 5.3% during the 1st quarter. Teachers Insurance & Annuity Association of America now owns 110,580 shares of the real estate investment trust’s stock worth $6,414,000 after buying an additional 5,539 shares in the last quarter.
In related news, insider Shirley E. Goza sold 15,417 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $70.73, for a total transaction of $1,090,444.41. Following the transaction, the insider now directly owns 29,152 shares of the company’s stock, valued at $2,061,920.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Chad L. Williams sold 241,808 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $65.15, for a total transaction of $15,753,791.20. The disclosure for this sale can be found here. Insiders have sold 277,225 shares of company stock worth $18,147,836 over the last ninety days. 13.90% of the stock is currently owned by insiders.
A number of analysts have commented on the stock. Deutsche Bank assumed coverage on shares of QTS Realty Trust in a research report on Friday, June 5th. They set a “hold” rating and a $69.00 price target on the stock. Raymond James upgraded shares of QTS Realty Trust from a “market perform” rating to an “outperform” rating and set a $74.00 price target on the stock in a research report on Wednesday. Jefferies Financial Group upgraded shares of QTS Realty Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $55.00 to $75.00 in a research report on Monday, May 4th. Cowen began coverage on shares of QTS Realty Trust in a research report on Thursday, April 16th. They set an “outperform” rating and a $69.00 price target on the stock. Finally, CSFB lifted their price objective on shares of QTS Realty Trust from $64.00 to $68.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $69.41.
QTS Realty Trust stock opened at $71.95 on Friday. The firm’s 50 day simple moving average is $65.13 and its 200-day simple moving average is $60.64. The company has a market cap of $4.34 billion, a P/E ratio of -232.09 and a beta of 0.52. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.38 and a quick ratio of 1.39. QTS Realty Trust Inc has a fifty-two week low of $42.64 and a fifty-two week high of $72.11.
QTS Realty Trust (NYSE:QTS) last released its earnings results on Monday, July 27th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.63). The firm had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $129.99 million. QTS Realty Trust had a return on equity of 1.88% and a net margin of 3.90%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the business earned $0.65 earnings per share. On average, analysts expect that QTS Realty Trust Inc will post 2.32 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Friday, September 18th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Thursday, September 17th. QTS Realty Trust’s dividend payout ratio (DPR) is currently 71.48%.
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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