Highbridge Capital Management LLC acquired a new stake in QTS Realty Trust, Inc. (NYSE:QTS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 56,000 shares of the real estate investment trust’s stock, valued at approximately $2,932,000. Highbridge Capital Management LLC owned about 0.11% of QTS Realty Trust at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Picton Mahoney Asset Management purchased a new stake in QTS Realty Trust in the third quarter valued at approximately $115,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 buying an additional 453 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of QTS Realty Trust during the second quarter worth approximately $200,000. PNC Financial Services Group Inc. raised its stake in shares of QTS Realty Trust by 4,127.7% during the second quarter. PNC Financial Services Group Inc. now owns 3,974 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 3,880 shares during the last quarter. Finally, Harbor Advisors LLC purchased a new stake in shares of QTS Realty Trust during the second quarter worth approximately $209,000.
In related news, insider Shirley E. Goza sold 11,507 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $58.24, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO James H. Reinhart sold 4,050 shares of the company’s 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 disclosure for this sale can be found here. Insiders have sold 37,201 shares of company stock worth $2,112,933 in the last ninety days. 17.30% of the stock is currently owned by corporate insiders.
QTS has been the subject of several analyst reports. Credit Suisse Group set a $55.00 price target on QTS Realty Trust and gave the stock a “hold” rating in a research note on Tuesday, November 14th. Jefferies Group cut their price target on QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, November 20th. SunTrust Banks upped their price target on QTS Realty Trust from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research cut QTS Realty Trust from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. Finally, Morgan Stanley restated an “equal weight” rating and set a $58.00 price target (up previously from $53.00) on shares of QTS Realty Trust in a research note on Friday, August 25th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. QTS Realty Trust currently has an average rating of “Buy” and a consensus price target of $59.00.
Shares of QTS Realty Trust, Inc. (QTS) traded up $0.06 during mid-day trading on Thursday, reaching $54.90. The company had a trading volume of 514,900 shares, compared to its average volume of 444,948. QTS Realty Trust, Inc. has a 52-week low of $46.32 and a 52-week high of $61.55. The firm has a market capitalization of $2,758.46, a price-to-earnings ratio of 21.01, a PEG ratio of 1.06 and a beta of 0.44. 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 (NYSE:QTS) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share 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 firm had revenue of $113.77 million for the quarter, compared to analyst estimates of $113.64 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. QTS Realty Trust’s quarterly revenue was up 10.0% on a year-over-year basis. equities research analysts anticipate 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 will be paid on Friday, January 5th. Investors of record on Tuesday, December 5th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Monday, December 4th. QTS Realty Trust’s dividend payout ratio is presently 380.50%.
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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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