Dimensional Fund Advisors LP boosted its position in QTS Realty Trust Inc (NYSE:QTS) by 3.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 689,730 shares of the real estate investment trust’s stock after purchasing an additional 25,487 shares during the period. Dimensional Fund Advisors LP owned about 1.37% of QTS Realty Trust worth $36,114,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of QTS. Picton Mahoney Asset Management acquired a new position in shares of QTS Realty Trust during the 3rd quarter valued at $115,000. Zurcher Kantonalbank Zurich Cantonalbank increased 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 purchasing an additional 453 shares during the last quarter. Harbor Advisors LLC bought a new stake in shares of QTS Realty Trust in the 2nd quarter worth about $209,000. PNC Financial Services Group Inc. grew its position in shares of QTS Realty Trust by 4,127.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,974 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 3,880 shares during the last quarter. Finally, ETRADE Capital Management LLC bought a new stake in shares of QTS Realty Trust during the 3rd quarter valued at about $220,000.
QTS Realty Trust Inc (NYSE:QTS) opened at $50.23 on Friday. The firm has a market cap of $2,482.82, a price-to-earnings ratio of 122.52, a P/E/G ratio of 0.88 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 released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $113.64 million. During the same period in the previous year, the company earned $0.67 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. analysts anticipate that QTS Realty Trust Inc will post 2.71 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Tuesday, December 5th were issued a $0.39 dividend. The ex-dividend date was Monday, December 4th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.11%. QTS Realty Trust’s dividend payout ratio (DPR) is currently 380.50%.
In other QTS Realty Trust news, EVP William H. Schafer sold 12,500 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $54.46, for a total transaction of $680,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO James H. Reinhart sold 4,050 shares of the 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 completion of the transaction, the chief operating officer now owns 65,595 shares in the company, valued at $3,832,059.90. The disclosure for this sale can be found here. Insiders sold 37,201 shares of company stock valued at $2,112,933 in the last three months. Company insiders own 17.30% of the company’s stock.
Several research firms have commented on QTS. Credit Suisse Group set a $55.00 target price on shares of QTS Realty Trust and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Jefferies Group cut 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 note on Monday, November 20th. JPMorgan Chase & Co. upped their price target 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 company a “buy” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $58.08.
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QTS Realty Trust Company 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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