QTS Realty Trust, Inc. (NYSE:QTS) EVP William H. Schafer sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $54.46, for a total value of $680,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of QTS Realty Trust, Inc. (NYSE QTS) opened at $54.35 on Friday. The company has a market capitalization of $2,694.08, a price-to-earnings ratio of 20.52, a P/E/G ratio of 1.03 and a beta of 0.44. QTS Realty Trust, Inc. has a fifty-two week low of $46.32 and a fifty-two week high of $61.55. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.09.
QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 EPS for the quarter, topping the Zacks’ 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 business had revenue of $113.77 million for the quarter, compared to analyst estimates of $113.64 million. During the same period last year, the company posted $0.67 earnings per share. QTS Realty Trust’s quarterly revenue was up 10.0% compared to the same quarter last year. analysts anticipate that QTS Realty Trust, Inc. will post 2.71 EPS for the current fiscal year.
The company also recently announced 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 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Monday, December 4th. QTS Realty Trust’s dividend payout ratio is currently 380.50%.
A number of research analysts have recently weighed in on the company. Jefferies Group dropped their target price on QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, November 20th. Wells Fargo & Company raised their target price on QTS Realty Trust from $62.50 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, November 15th. Credit Suisse Group set a $55.00 target price on QTS Realty Trust and gave the company a “hold” rating in a report on Tuesday, November 14th. J P Morgan Chase & Co raised their target price on QTS Realty Trust from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Finally, Zacks Investment Research lowered QTS Realty Trust from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $59.00.
Large investors have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management purchased a new stake in QTS Realty Trust in the third quarter worth $115,000. Zurcher Kantonalbank Zurich Cantonalbank increased 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 worth $178,000 after buying an additional 453 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of QTS Realty Trust in the second quarter valued at $200,000. PNC Financial Services Group Inc. grew its position in shares of 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 in the last quarter. Finally, Harbor Advisors LLC purchased a new position in shares of QTS Realty Trust in the second quarter valued at $209,000.
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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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