JPMorgan Chase & Co. lowered its holdings in QTS Realty Trust Inc (NYSE:QTS) by 59.0% during the third quarter, Holdings Channel reports. The institutional investor owned 35,177 shares of the real estate investment trust’s stock after selling 50,590 shares during the period. JPMorgan Chase & Co.’s holdings in QTS Realty Trust were worth $1,830,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in QTS. California Public Employees Retirement System lifted its position in shares of QTS Realty Trust by 2.5% in the 2nd quarter. California Public Employees Retirement System now owns 12,500 shares of the real estate investment trust’s stock worth $654,000 after acquiring an additional 300 shares during the period. Amalgamated Bank lifted its position in shares of QTS Realty Trust by 5.4% in the 2nd quarter. Amalgamated Bank now owns 6,045 shares of the real estate investment trust’s stock worth $316,000 after acquiring an additional 309 shares during the period. Phocas Financial Corp. lifted its position in shares of QTS Realty Trust by 3.1% in the 2nd quarter. Phocas Financial Corp. now owns 14,007 shares of the real estate investment trust’s stock worth $733,000 after acquiring an additional 419 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of QTS Realty Trust by 15.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,399 shares of the real estate investment trust’s stock worth $178,000 after acquiring an additional 453 shares during the period. Finally, Aperio Group LLC lifted its position in shares of QTS Realty Trust by 10.2% in the 3rd quarter. Aperio Group LLC now owns 10,904 shares of the real estate investment trust’s stock worth $571,000 after acquiring an additional 1,008 shares during the period.
A number of brokerages have commented on QTS. Zacks Investment Research downgraded QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Jefferies Group reduced their price objective on QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, November 20th. Wells Fargo & Co raised their price objective 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. 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. Finally, JPMorgan Chase & Co. raised their target price on QTS Realty Trust from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. QTS Realty Trust presently has an average rating of “Buy” and a consensus price target of $59.00.
In other QTS Realty Trust news, insider Daniel T. Bennewitz sold 9,144 shares of QTS Realty Trust stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $57.46, for a total value of $525,414.24. Following the completion of the transaction, the insider now owns 58,624 shares in the company, valued at approximately $3,368,535.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO James H. Reinhart sold 4,050 shares of QTS Realty Trust stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $58.42, for a total value of $236,601.00. Following the completion of the transaction, the chief operating officer now owns 65,595 shares of the company’s stock, valued at approximately $3,832,059.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,201 shares of company stock valued at $2,112,933. Corporate insiders own 17.30% of the company’s stock.
QTS Realty Trust Inc (NYSE:QTS) opened at $53.55 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.84 and a quick ratio of 0.84. QTS Realty Trust Inc has a 52-week low of $46.32 and a 52-week high of $61.55. The stock has a market capitalization of $2,720.00, a price-to-earnings ratio of 148.75, a price-to-earnings-growth ratio of 0.95 and a beta of 0.44.
QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.59. QTS Realty Trust had a return on equity of 2.10% and a net margin of 4.67%. The firm had revenue of $113.77 million during the quarter, compared to the consensus estimate of $113.64 million. During the same quarter in the previous year, the company posted $0.67 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. equities research analysts expect that QTS Realty Trust Inc will post 2.71 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Tuesday, December 5th were given a $0.39 dividend. The ex-dividend date of this dividend was Monday, December 4th. This represents a $1.56 annualized dividend and a yield of 2.91%. QTS Realty Trust’s payout ratio is 433.33%.
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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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