California State Teachers Retirement System reduced its stake in shares of QTS Realty Trust Inc (NYSE:QTS) by 7.9% during the 3rd quarter, Holdings Channel reports. The firm owned 76,672 shares of the real estate investment trust’s stock after selling 6,567 shares during the quarter. California State Teachers Retirement System’s holdings in QTS Realty Trust were worth $4,015,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Picton Mahoney Asset Management acquired a new position in QTS Realty Trust in the third quarter valued at approximately $115,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in QTS Realty Trust by 15.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,399 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 453 shares during the last quarter. Harbor Advisors LLC acquired a new position in QTS Realty Trust in the second quarter valued at approximately $209,000. PNC Financial Services Group Inc. lifted its holdings in QTS Realty Trust by 4,127.7% in the second quarter. PNC Financial Services Group Inc. now owns 3,974 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 3,880 shares during the last quarter. Finally, GAM Holding AG lifted its holdings in QTS Realty Trust by 5.2% in the second quarter. GAM Holding AG now owns 4,014 shares of the real estate investment trust’s stock valued at $210,000 after acquiring an additional 200 shares during the last quarter.

In other news, insider Shirley E. Goza sold 11,507 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $58.24, for a total transaction of $670,167.68. Following the sale, the insider now owns 16,770 shares of the company’s stock, valued at $976,684.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William H. Schafer sold 12,500 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $54.46, for a total value of $680,750.00. The disclosure for this sale can be found here. Insiders have sold 37,201 shares of company stock worth $2,112,933 in the last ninety days. Corporate insiders own 17.30% of the company’s stock.

Shares of QTS Realty Trust Inc (NYSE:QTS) opened at $53.15 on Friday. The stock has a market capitalization of $2,660.38, a P/E ratio of 129.64, a price-to-earnings-growth ratio of 0.94 and a beta of 0.44. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.84 and a quick ratio of 0.84. QTS Realty Trust Inc has a 12-month low of $46.32 and a 12-month high of $61.55.

QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.59. QTS Realty Trust had a return on equity of 2.10% and a net margin of 4.67%. The business had revenue of $113.77 million for the quarter, compared to analyst estimates of $113.64 million. During the same quarter in the prior year, the company earned $0.67 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. equities research analysts expect that QTS Realty Trust Inc will post 2.71 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Tuesday, December 5th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Monday, December 4th. QTS Realty Trust’s dividend payout ratio is currently 380.50%.

A number of research analysts recently commented on the company. Zacks Investment Research cut QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday. Jefferies Group cut their target price on QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, November 20th. SunTrust Banks boosted their target price on QTS Realty Trust from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Credit Suisse Group set a $55.00 target price on QTS Realty Trust and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, JPMorgan Chase & Co. boosted their target price on QTS Realty Trust from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. QTS Realty Trust has a consensus rating of “Buy” and an average price target of $59.00.

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About QTS Realty Trust

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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Institutional Ownership by Quarter for QTS Realty Trust (NYSE:QTS)

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