BlackRock Inc. Raises Holdings in QTS Realty Trust, Inc. (QTS)
BlackRock Inc. boosted its position in shares of QTS Realty Trust, Inc. (NYSE:QTS) by 3.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 4,198,833 shares of the real estate investment trust’s stock after acquiring an additional 145,235 shares during the quarter. BlackRock Inc. owned about 8.63% of QTS Realty Trust worth $219,723,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of QTS. UBS Asset Management Americas Inc. lifted its position in QTS Realty Trust by 6.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 187,653 shares of the real estate investment trust’s stock worth $9,148,000 after acquiring an additional 12,094 shares during the period. Karp Capital Management Corp acquired a new stake in QTS Realty Trust during the 1st quarter worth about $241,000. Quantbot Technologies LP lifted its position in QTS Realty Trust by 211.1% during the 1st quarter. Quantbot Technologies LP now owns 3,326 shares of the real estate investment trust’s stock worth $162,000 after acquiring an additional 2,257 shares during the period. Prudential Financial Inc. acquired a new stake in QTS Realty Trust during the 1st quarter worth about $207,000. Finally, SG Americas Securities LLC lifted its position in QTS Realty Trust by 104.1% during the 1st quarter. SG Americas Securities LLC now owns 8,298 shares of the real estate investment trust’s stock worth $405,000 after acquiring an additional 4,233 shares during the period.
A number of analysts have commented on QTS shares. Deutsche Bank AG reaffirmed a “hold” rating and set a $52.00 price target (down previously from $53.00) on shares of QTS Realty Trust in a research report on Friday, August 11th. Morgan Stanley reaffirmed an “equal weight” rating and set a $58.00 price target (up previously from $53.00) on shares of QTS Realty Trust in a research report on Friday, August 25th. Zacks Investment Research cut QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 price target on shares of QTS Realty Trust in a research report on Friday, July 28th. Finally, TheStreet cut QTS Realty Trust from a “b-” rating to a “c” rating in a research report on Tuesday, July 25th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $56.64.
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QTS Realty Trust, Inc. (NYSE:QTS) opened at 53.83 on Friday. The firm’s 50 day moving average price is $53.28 and its 200-day moving average price is $52.22. QTS Realty Trust, Inc. has a 1-year low of $43.01 and a 1-year high of $56.23. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 137.32 and a beta of 0.45.
QTS Realty Trust (NYSE:QTS) last announced its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. QTS Realty Trust had a net margin of 4.60% and a return on equity of 2.04%. The business had revenue of $107.86 million during the quarter, compared to the consensus estimate of $107.66 million. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts anticipate that QTS Realty Trust, Inc. will post $0.45 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Friday, September 22nd were paid a dividend of $0.39 per share. The ex-dividend date was Thursday, September 21st. This represents a $1.56 annualized dividend and a dividend yield of 2.90%. QTS Realty Trust’s dividend payout ratio (DPR) is 390.00%.
In other news, CEO Chad L. Williams sold 682,576 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $54.25, for a total transaction of $37,029,748.00. Following the completion of the sale, the chief executive officer now owns 236,526 shares in the company, valued at $12,831,535.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jon D. Greaves sold 2,500 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $54.39, for a total transaction of $135,975.00. Following the sale, the insider now owns 24,717 shares of the company’s stock, valued at approximately $1,344,357.63. The disclosure for this sale can be found here. Insiders have sold 732,541 shares of company stock valued at $39,756,070 in the last quarter. Insiders own 17.30% of the company’s stock.
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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