Oppenheimer & Co. Inc. decreased its stake in QTS Realty Trust, Inc. (NYSE:QTS) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,000 shares of the real estate investment trust’s stock after selling 1,150 shares during the quarter. Oppenheimer & Co. Inc. owned 0.13% of QTS Realty Trust worth $3,403,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in QTS Realty Trust by 0.4% in the second quarter. Vanguard Group Inc. now owns 7,041,576 shares of the real estate investment trust’s stock valued at $368,486,000 after buying an additional 30,800 shares during the period. BlackRock Inc. lifted its stake in QTS Realty Trust by 3.6% in the second quarter. BlackRock Inc. now owns 4,198,833 shares of the real estate investment trust’s stock valued at $219,723,000 after buying an additional 145,235 shares during the period. Brookfield Asset Management Inc. lifted its stake in QTS Realty Trust by 7.8% in the second quarter. Brookfield Asset Management Inc. now owns 1,672,745 shares of the real estate investment trust’s stock valued at $87,535,000 after buying an additional 120,695 shares during the period. Jennison Associates LLC lifted its stake in QTS Realty Trust by 39.7% in the third quarter. Jennison Associates LLC now owns 1,223,816 shares of the real estate investment trust’s stock valued at $64,079,000 after buying an additional 347,554 shares during the period. Finally, Voya Investment Management LLC lifted its stake in QTS Realty Trust by 7.1% in the second quarter. Voya Investment Management LLC now owns 1,206,826 shares of the real estate investment trust’s stock valued at $63,153,000 after buying an additional 79,518 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.
QTS Realty Trust, Inc. (NYSE:QTS) traded up $0.65 during midday trading on Friday, hitting $58.93. The stock had a trading volume of 100,640 shares, compared to its average volume of 545,713. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.84 and a current 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 posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.59. The business had revenue of $113.77 million during the quarter, compared to the consensus estimate of $113.64 million. QTS Realty Trust had a return on equity of 2.10% and a net margin of 4.67%. QTS Realty Trust’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. analysts anticipate that QTS Realty Trust, Inc. will post 2.71 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Tuesday, December 5th will be issued a dividend of $0.39 per share. The ex-dividend date is Monday, December 4th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.65%. QTS Realty Trust’s payout ratio is presently 380.50%.
A number of research firms have recently commented on QTS. BidaskClub raised QTS Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Deutsche Bank AG reaffirmed a “hold” rating and set a $52.00 price target (down previously from $53.00) on shares of QTS Realty Trust in a research report on Friday, August 11th. Jefferies Group LLC dropped their price target 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 raised their price target 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, Zacks Investment Research raised QTS Realty Trust from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday, October 17th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $58.57.
In related news, insider Jon D. Greaves sold 2,500 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $54.39, for a total transaction of $135,975.00. Following the completion of the transaction, the insider now directly owns 24,717 shares in the company, valued at $1,344,357.63. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shirley E. Goza sold 11,507 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $58.24, for a total value of $670,167.68. Following the transaction, the insider now owns 16,770 shares of the company’s stock, valued at $976,684.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,746 shares of company stock valued at $1,763,913. 17.30% of the stock is owned by corporate insiders.
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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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