Nicholas Company Inc. Invests $6.11 Million in QTS Realty Trust, Inc. (QTS)

Nicholas Company Inc. acquired a new position in shares of QTS Realty Trust, Inc. (NYSE:QTS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 116,845 shares of the real estate investment trust’s stock, valued at approximately $6,114,000. Nicholas Company Inc. owned approximately 0.24% of QTS Realty Trust as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new position in shares of QTS Realty Trust during the first quarter worth about $113,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of QTS Realty Trust by 5.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,946 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 157 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in QTS Realty Trust in the first quarter valued at approximately $156,000. Quantbot Technologies LP grew its stake in QTS Realty Trust by 211.1% in the first quarter. Quantbot Technologies LP now owns 3,326 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 2,257 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in QTS Realty Trust in the second quarter valued at approximately $200,000.

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In other news, CEO Chad L. Williams sold 682,576 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $54.25, for a total value of $37,029,748.00. Following the completion of the transaction, the chief executive officer now directly owns 236,526 shares of the company’s stock, valued at $12,831,535.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO James H. Reinhart sold 3,545 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $55.22, for a total value of $195,754.90. Following the completion of the transaction, the chief operating officer now directly owns 74,837 shares of the company’s stock, valued at $4,132,499.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 732,541 shares of company stock valued at $39,756,070. 17.30% of the stock is currently owned by corporate insiders.

QTS Realty Trust, Inc. (NYSE:QTS) opened at 53.79 on Friday. The stock’s 50 day moving average price is $53.93 and its 200 day moving average price is $51.91. The company has a market capitalization of $2.63 billion, a P/E ratio of 137.22 and a beta of 0.47. QTS Realty Trust, Inc. has a 52 week low of $43.01 and a 52 week high of $56.23.

QTS Realty Trust (NYSE:QTS) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The company had revenue of $107.86 million during the quarter, compared to analyst estimates of $107.66 million. QTS Realty Trust had a return on equity of 2.04% and a net margin of 4.60%. QTS Realty Trust’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share. Analysts anticipate that QTS Realty Trust, Inc. will post $0.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 22nd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, September 21st. QTS Realty Trust’s dividend payout ratio is presently 390.00%.

A number of research analysts have weighed in on QTS shares. Jefferies Group LLC restated a “buy” rating and issued a $60.00 price target on shares of QTS Realty Trust in a research note on Friday, June 9th. BidaskClub upgraded QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Credit Suisse Group started coverage on QTS Realty Trust in a research note on Friday, June 30th. They issued a “neutral” rating and a $54.00 price target for the company. Deutsche Bank AG restated a “hold” rating and issued a $52.00 price target (down from $53.00) on shares of QTS Realty Trust in a research note on Friday, August 11th. Finally, Zacks Investment Research upgraded QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $57.14.

QTS Realty Trust Profile

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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Institutional Ownership by Quarter for QTS Realty Trust (NYSE:QTS)

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