Sumitomo Mitsui Asset Management Company LTD purchased a new position in QTS Realty Trust Inc (NYSE:QTS) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 87,976 shares of the real estate investment trust’s stock, valued at approximately $3,753,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QTS. WINTON GROUP Ltd purchased a new position in QTS Realty Trust in the first quarter worth $204,000. OppenheimerFunds Inc. purchased a new position in QTS Realty Trust in the second quarter worth $209,000. Commonwealth Equity Services LLC purchased a new position in QTS Realty Trust in the second quarter worth $221,000. Advisors Asset Management Inc. grew its holdings in QTS Realty Trust by 79.6% in the second quarter. Advisors Asset Management Inc. now owns 5,974 shares of the real estate investment trust’s stock worth $236,000 after purchasing an additional 2,647 shares during the last quarter. Finally, Xact Kapitalforvaltning AB grew its holdings in QTS Realty Trust by 54.3% in the first quarter. Xact Kapitalforvaltning AB now owns 6,823 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 2,400 shares during the last quarter.
Several research firms have issued reports on QTS. Berenberg Bank began coverage on shares of QTS Realty Trust in a report on Thursday, September 20th. They issued a “hold” rating and a $50.00 price target on the stock. ValuEngine raised shares of QTS Realty Trust from a “strong sell” rating to a “sell” rating in a report on Monday, July 2nd. BMO Capital Markets set a $51.00 price target on shares of QTS Realty Trust and gave the stock a “buy” rating in a report on Wednesday, July 25th. Zacks Investment Research raised shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Finally, Raymond James reaffirmed a “hold” rating on shares of QTS Realty Trust in a report on Monday, August 20th. Two 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 stock. QTS Realty Trust presently has a consensus rating of “Hold” and an average target price of $47.93.
In other news, Director Stephen E. Westhead sold 1,924 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $46.25, for a total transaction of $88,985.00. Following the sale, the director now directly owns 5,014 shares of the company’s stock, valued at $231,897.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Catherine R. Kinney acquired 1,400 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were bought at an average cost of $44.07 per share, for a total transaction of $61,698.00. Following the completion of the acquisition, the director now directly owns 11,657 shares of the company’s stock, valued at $513,723.99. The disclosure for this purchase can be found here. 16.10% of the stock is owned by insiders.
Shares of QTS opened at $40.37 on Friday. The firm has a market cap of $2.09 billion, a PE ratio of 14.61, a P/E/G ratio of 1.11 and a beta of 0.66. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.94 and a current ratio of 0.94. QTS Realty Trust Inc has a 1-year low of $31.58 and a 1-year high of $61.55.
QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.09. The firm had revenue of $102.55 million for the quarter, compared to analyst estimates of $101.79 million. QTS Realty Trust had a negative net margin of 2.90% and a positive return on equity of 1.46%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. Sell-side analysts anticipate that QTS Realty Trust Inc will post 2.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 4th. Stockholders of record on Thursday, September 20th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Wednesday, September 19th. QTS Realty Trust’s dividend payout ratio (DPR) is presently 59.42%.
QTS Realty Trust Company Profile
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.
Read More: Return on Investment (ROI)
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