SG Americas Securities LLC trimmed its stake in QTS Realty Trust Inc (NYSE:QTS) by 23.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,427 shares of the real estate investment trust’s stock after selling 9,919 shares during the period. SG Americas Securities LLC owned about 0.06% of QTS Realty Trust worth $1,384,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in QTS. Bank of Montreal Can grew its holdings in shares of QTS Realty Trust by 218.3% in the second quarter. Bank of Montreal Can now owns 27,504 shares of the real estate investment trust’s stock valued at $1,086,000 after purchasing an additional 18,862 shares in the last quarter. Aperio Group LLC grew its holdings in shares of QTS Realty Trust by 31.5% in the second quarter. Aperio Group LLC now owns 26,620 shares of the real estate investment trust’s stock valued at $1,051,000 after purchasing an additional 6,372 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of QTS Realty Trust in the second quarter valued at approximately $221,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of QTS Realty Trust by 11.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 53,239 shares of the real estate investment trust’s stock valued at $2,103,000 after purchasing an additional 5,509 shares in the last quarter. Finally, IndexIQ Advisors LLC grew its holdings in shares of QTS Realty Trust by 7.9% in the second quarter. IndexIQ Advisors LLC now owns 45,580 shares of the real estate investment trust’s stock valued at $1,800,000 after purchasing an additional 3,324 shares in the last quarter.
In other news, CEO Chad L. Williams purchased 17,500 shares of the stock in a transaction on Friday, November 2nd. The stock was bought at an average price of $39.17 per share, for a total transaction of $685,475.00. Following the acquisition, the chief executive officer now directly owns 356,028 shares of the company’s stock, valued at approximately $13,945,616.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.10% of the company’s stock.
NYSE QTS opened at $41.62 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.28. QTS Realty Trust Inc has a 52 week low of $31.58 and a 52 week high of $56.41. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 2.06 and a beta of 0.80.
QTS Realty Trust (NYSE:QTS) last posted its quarterly 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). QTS Realty Trust had a positive return on equity of 0.40% and a negative net margin of 5.49%. The firm had revenue of $112.20 million for the quarter, compared to analyst estimates of $105.28 million. During the same quarter last year, the firm earned $0.70 EPS. The company’s revenue was down 1.4% on a year-over-year basis. As a group, research analysts expect that QTS Realty Trust Inc will post 2.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 8th. Shareholders of record on Friday, December 21st will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Thursday, December 20th. QTS Realty Trust’s dividend payout ratio (DPR) is presently 59.42%.
A number of research analysts recently weighed in on QTS shares. Guggenheim upgraded shares of QTS Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $45.00 to $46.00 in a report on Wednesday, October 31st. ValuEngine upgraded shares of QTS Realty Trust from a “hold” rating to a “buy” rating in a report on Thursday. BMO Capital Markets set a $48.00 price objective on shares of QTS Realty Trust and gave the company a “buy” rating in a report on Monday. Berenberg Bank upgraded shares of QTS Realty Trust from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Tuesday, October 23rd. Finally, Zacks Investment Research upgraded shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. The company currently 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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