William H. Schafer Sells 12,500 Shares of QTS Realty Trust, Inc. (NYSE:QTS) Stock

QTS Realty Trust, Inc. (NYSE:QTS) EVP William H. Schafer sold 12,500 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $54.46, for a total transaction of $680,750.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

QTS Realty Trust, Inc. (QTS) opened at $55.71 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.09. 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 market cap of $2,802.21, a P/E ratio of 21.34, a P/E/G ratio of 1.07 and a beta of 0.44.

QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.59. QTS Realty Trust had a net margin of 4.67% and a return on equity of 2.10%. The firm had revenue of $113.77 million during the quarter, compared to the consensus estimate of $113.64 million. During the same period last year, the firm earned $0.67 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. analysts predict that QTS Realty Trust, Inc. will post 2.71 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, December 5th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Monday, December 4th. QTS Realty Trust’s payout ratio is 380.50%.

A number of research analysts have recently weighed in on QTS shares. Credit Suisse Group set a $55.00 target price on shares of QTS Realty Trust and gave the company a “hold” rating in a research report on Tuesday, November 14th. Jefferies Group reduced their target price on shares of 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. J P Morgan Chase & Co increased their target price on shares of QTS Realty Trust from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research raised shares of QTS Realty Trust from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Tuesday, October 17th. Finally, SunTrust Banks raised their price objective on shares of QTS Realty Trust from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. QTS Realty Trust has an average rating of “Buy” and a consensus target price of $59.00.

Large investors have recently made changes to their positions in the business. Prudential Financial Inc. boosted its holdings in QTS Realty Trust by 15,615.8% in the 2nd quarter. Prudential Financial Inc. now owns 666,350 shares of the real estate investment trust’s stock valued at $34,870,000 after purchasing an additional 662,110 shares during the period. Scout Investments Inc. raised its position in shares of QTS Realty Trust by 14.3% during the 2nd quarter. Scout Investments Inc. now owns 39,650 shares of the real estate investment trust’s stock valued at $2,075,000 after buying an additional 4,950 shares in the last quarter. BlackRock Inc. raised its position in shares of QTS Realty Trust by 3.6% during the 2nd 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 in the last quarter. Copeland Capital Management LLC purchased a new stake in shares of QTS Realty Trust during the 3rd quarter valued at $9,637,000. Finally, Emerald Mutual Fund Advisers Trust raised its position in shares of QTS Realty Trust by 25.7% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 501,781 shares of the real estate investment trust’s stock valued at $26,273,000 after buying an additional 102,730 shares in the last quarter.

TRADEMARK VIOLATION WARNING: This story was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://www.dispatchtribunal.com/2017/12/17/insider-selling-qts-realty-trust-inc-qts-evp-sells-680750-00-in-stock.html.

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.

Insider Buying and Selling by Quarter for QTS Realty Trust (NYSE:QTS)

Receive News & Ratings for QTS Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QTS Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply