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.
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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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