Northern Trust Corp Trims Position in QTS Realty Trust Inc (QTS)
Northern Trust Corp decreased its stake in shares of QTS Realty Trust Inc (NYSE:QTS) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 908,291 shares of the real estate investment trust’s stock after selling 24,616 shares during the period. Northern Trust Corp’s holdings in QTS Realty Trust were worth $33,652,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Macquarie Group Ltd. lifted its position in QTS Realty Trust by 14.9% during the 3rd quarter. Macquarie Group Ltd. now owns 69,070 shares of the real estate investment trust’s stock worth $2,947,000 after buying an additional 8,945 shares in the last quarter. Aristotle Capital Boston LLC raised its holdings in QTS Realty Trust by 6.5% during the 3rd quarter. Aristotle Capital Boston LLC now owns 551,417 shares of the real estate investment trust’s stock worth $23,529,000 after purchasing an additional 33,775 shares during the last quarter. Vanguard Group Inc. raised its holdings in QTS Realty Trust by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 7,393,657 shares of the real estate investment trust’s stock worth $315,487,000 after purchasing an additional 117,206 shares during the last quarter. Teachers Advisors LLC raised its holdings in QTS Realty Trust by 42.3% during the 3rd quarter. Teachers Advisors LLC now owns 797,708 shares of the real estate investment trust’s stock worth $34,038,000 after purchasing an additional 236,970 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in QTS Realty Trust by 4.9% during the 4th quarter. Citigroup Inc. now owns 50,557 shares of the real estate investment trust’s stock worth $1,873,000 after purchasing an additional 2,373 shares during the last quarter. Institutional investors and hedge funds own 99.22% of the company’s stock.
QTS has been the subject of several recent research reports. Zacks Investment Research cut QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. ValuEngine raised QTS Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. BMO Capital Markets set a $48.00 price objective on QTS Realty Trust and gave the stock a “buy” rating in a report on Monday, December 3rd. Finally, Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of QTS Realty Trust in a report on Tuesday, February 26th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $45.71.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Shareholders of record on Wednesday, March 20th will be issued a dividend of $0.44 per share. This is a boost from QTS Realty Trust’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 3.98%. The ex-dividend date is Tuesday, March 19th. QTS Realty Trust’s payout ratio is currently 67.69%.
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About QTS Realty Trust
QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of data center solutions across a diverse footprint spanning more than 6 million square feet of owned mega scale data center space throughout North America. Through its software-defined technology platform, QTS is able to deliver secure, compliant infrastructure solutions, robust connectivity and premium customer service to leading hyperscale technology companies, enterprises, and government entities.
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