QTS Realty Trust, Inc. (NYSE:QTS) COO James H. Reinhart sold 4,050 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $58.42, for a total value of $236,601.00. Following the transaction, the chief operating officer now directly owns 65,595 shares in the company, valued at approximately $3,832,059.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
QTS Realty Trust, Inc. (NYSE:QTS) opened at $58.93 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $2,964.18, a price-to-earnings ratio of 22.58, a P/E/G ratio of 1.14 and a beta of 0.48. QTS Realty Trust, Inc. has a 52-week low of $44.58 and a 52-week high of $61.55.
QTS Realty Trust (NYSE:QTS) last issued its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.59. The business had revenue of $113.77 million for the quarter, compared to analyst estimates of $113.64 million. QTS Realty Trust had a return on equity of 2.10% and a net margin of 4.67%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. analysts predict that QTS Realty Trust, Inc. will post 2.71 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, December 5th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.65%. The ex-dividend date is Monday, December 4th. QTS Realty Trust’s dividend payout ratio (DPR) is presently 380.50%.
Large investors have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management purchased a new position in QTS Realty Trust in the third quarter valued at about $115,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in QTS Realty Trust by 15.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,399 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 453 shares during the period. Teacher Retirement System of Texas purchased a new position in QTS Realty Trust in the second quarter valued at about $200,000. PNC Financial Services Group Inc. raised its position in QTS Realty Trust by 4,127.7% in the second quarter. PNC Financial Services Group Inc. now owns 3,974 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 3,880 shares during the period. Finally, Harbor Advisors LLC purchased a new position in QTS Realty Trust in the second quarter valued at about $209,000. 99.23% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on QTS. BidaskClub raised QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $52.00 target price (down from $53.00) on shares of QTS Realty Trust in a research report on Friday, August 11th. Jefferies Group LLC cut their target price on QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, November 20th. Wells Fargo & Company increased their target price on QTS Realty Trust from $62.50 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 15th. Finally, Credit Suisse Group set a $55.00 target price on QTS Realty Trust and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $58.57.
About QTS Realty Trust
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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