Peregrine Capital Management LLC boosted its position in shares of QTS Realty Trust Inc (NYSE:QTS) by 1.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 753,165 shares of the real estate investment trust’s stock after acquiring an additional 13,702 shares during the quarter. QTS Realty Trust comprises 0.8% of Peregrine Capital Management LLC’s holdings, making the stock its 26th biggest position. Peregrine Capital Management LLC’s holdings in QTS Realty Trust were worth $32,138,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in QTS Realty Trust by 8.1% during the second quarter. BlackRock Inc. now owns 4,717,710 shares of the real estate investment trust’s stock worth $186,351,000 after buying an additional 352,675 shares during the period. Millennium Management LLC acquired a new position in QTS Realty Trust during the first quarter worth approximately $41,380,000. Citadel Advisors LLC increased its position in QTS Realty Trust by 1,658.4% during the second quarter. Citadel Advisors LLC now owns 905,197 shares of the real estate investment trust’s stock worth $35,755,000 after buying an additional 853,720 shares during the period. Northern Trust Corp increased its position in QTS Realty Trust by 0.8% during the second quarter. Northern Trust Corp now owns 891,492 shares of the real estate investment trust’s stock worth $35,214,000 after buying an additional 7,024 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in QTS Realty Trust by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 752,253 shares of the real estate investment trust’s stock worth $29,714,000 after buying an additional 22,264 shares during the period.
Shares of QTS stock traded down $0.70 during midday trading on Thursday, hitting $40.36. The company had a trading volume of 22,084 shares, compared to its average volume of 623,682. QTS Realty Trust Inc has a 52-week low of $31.58 and a 52-week high of $61.55. The company has a market capitalization of $2.18 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 1.16 and a beta of 0.66. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.81.
QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.09. QTS Realty Trust had a positive return on equity of 1.46% and a negative net margin of 2.90%. The firm had revenue of $102.55 million for the quarter, compared to the consensus estimate of $101.79 million. During the same period in the previous year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, equities analysts predict that QTS Realty Trust Inc will post 2.19 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 4th. Investors of record on Thursday, September 20th were paid a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, September 19th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.06%. QTS Realty Trust’s dividend payout ratio (DPR) is presently 59.42%.
In other QTS Realty Trust news, Director Catherine R. Kinney purchased 1,400 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were purchased at an average cost of $44.07 per share, for a total transaction of $61,698.00. Following the completion of the purchase, the director now directly owns 11,657 shares in the company, valued at $513,723.99. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen E. Westhead sold 1,924 shares of QTS Realty Trust stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $46.25, for a total value of $88,985.00. Following the completion of the sale, the director now owns 5,014 shares in the company, valued at $231,897.50. The disclosure for this sale can be found here. 16.10% of the stock is owned by insiders.
Several research analysts have weighed in on QTS shares. Raymond James reiterated a “hold” rating on shares of QTS Realty Trust in a research note on Monday, August 20th. Credit Suisse Group upgraded QTS Realty Trust from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $30.00 to $42.00 in a research note on Wednesday, August 8th. Zacks Investment Research upgraded QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Berenberg Bank started coverage on QTS Realty Trust in a research note on Thursday, September 20th. They issued a “hold” rating and a $50.00 target price on the stock. Finally, BMO Capital Markets started coverage on QTS Realty Trust in a research note on Tuesday, July 17th. They issued an “outperform” rating and a $51.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $47.93.
About QTS Realty Trust
QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of secure, compliant data center solutions, hybrid cloud and fully managed services. QTS' integrated technology service platform of hyperscale and hybrid colocation provide flexible, scalable, secure IT solutions for web and IT applications.
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