Aristotle Capital Boston LLC boosted its position in shares of QTS Realty Trust Inc (NYSE:QTS) by 6.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 551,417 shares of the real estate investment trust’s stock after purchasing an additional 33,775 shares during the quarter. QTS Realty Trust makes up approximately 1.7% of Aristotle Capital Boston LLC’s investment portfolio, making the stock its 5th biggest position. Aristotle Capital Boston LLC’s holdings in QTS Realty Trust were worth $23,529,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of QTS. OppenheimerFunds Inc. acquired a new position in QTS Realty Trust during the 2nd quarter worth $209,000. Commonwealth Equity Services LLC acquired a new position in QTS Realty Trust during the 2nd quarter worth $221,000. Advisors Asset Management Inc. lifted its holdings in QTS Realty Trust by 79.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 5,974 shares of the real estate investment trust’s stock worth $236,000 after buying an additional 2,647 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new position in QTS Realty Trust during the 3rd quarter worth $294,000. Finally, Vident Investment Advisory LLC acquired a new position in QTS Realty Trust during the 2nd quarter worth $300,000.
Shares of QTS Realty Trust stock opened at $41.62 on Friday. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 2.06 and a beta of 0.80. QTS Realty Trust Inc has a 52 week low of $31.58 and a 52 week high of $56.41. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.54 and a quick ratio of 0.54.
QTS Realty Trust (NYSE:QTS) last issued its earnings results on Monday, October 29th. The real estate investment trust reported ($0.25) EPS for the quarter, missing the consensus estimate of $0.50 by ($0.75). The business had revenue of $112.20 million for the quarter, compared to the consensus estimate of $105.28 million. QTS Realty Trust had a negative net margin of 5.49% and a positive return on equity of 0.40%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 EPS. As a group, sell-side analysts forecast that QTS Realty Trust Inc will post 2.19 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 8th. Investors of record on Friday, December 21st will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Thursday, December 20th. QTS Realty Trust’s dividend payout ratio is currently 59.42%.
In other news, CEO Chad L. Williams acquired 17,500 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was acquired at an average price of $39.17 per share, for a total transaction of $685,475.00. Following the transaction, the chief executive officer now directly owns 356,028 shares in the company, valued at $13,945,616.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 16.10% of the stock is owned by corporate insiders.
Several research analysts have issued reports on the company. ValuEngine raised QTS Realty Trust from a “hold” rating to a “buy” rating in a report on Thursday. BMO Capital Markets set a $48.00 target price on shares of QTS Realty Trust and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research cut shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Guggenheim upgraded shares of QTS Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $45.00 to $46.00 in a research report on Wednesday, October 31st. Finally, Berenberg Bank began coverage on shares of QTS Realty Trust in a research report on Thursday, September 20th. They set a “hold” rating and a $50.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. QTS Realty Trust has a consensus rating of “Buy” and an average target price of $46.42.
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QTS Realty Trust 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 provides flexible, scalable, secure IT solutions for web and IT applications.
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