QTS Realty Trust, Inc. (QTS) Shares Bought by Emerald Mutual Fund Advisers Trust
Emerald Mutual Fund Advisers Trust grew its stake in QTS Realty Trust, Inc. (NYSE:QTS) by 25.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 501,781 shares of the real estate investment trust’s stock after purchasing an additional 102,730 shares during the period. QTS Realty Trust comprises about 1.1% of Emerald Mutual Fund Advisers Trust’s investment portfolio, making the stock its 16th biggest position. Emerald Mutual Fund Advisers Trust owned about 1.00% of QTS Realty Trust worth $26,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of QTS. BlackRock Inc. grew its position in QTS Realty Trust by 6,140.3% in the 1st quarter. BlackRock Inc. now owns 4,053,598 shares of the real estate investment trust’s stock worth $197,612,000 after purchasing an additional 3,988,640 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of QTS Realty Trust during the 2nd quarter worth about $48,171,000. Prudential Financial Inc. lifted its holdings in shares of QTS Realty Trust by 15,615.8% during the 2nd quarter. Prudential Financial Inc. now owns 666,350 shares of the real estate investment trust’s stock worth $34,870,000 after acquiring an additional 662,110 shares during the period. APG Asset Management US Inc. bought a new position in shares of QTS Realty Trust during the 3rd quarter worth about $32,725,000. Finally, PGGM Investments bought a new position in shares of QTS Realty Trust during the 3rd quarter worth about $21,991,000.
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In other QTS Realty Trust news, insider Jon D. Greaves sold 2,500 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $54.39, for a total transaction of $135,975.00. Following the sale, the insider now directly owns 24,717 shares in the company, valued at $1,344,357.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO James H. Reinhart sold 3,545 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $55.22, for a total transaction of $195,754.90. Following the sale, the chief operating officer now owns 74,837 shares in the company, valued at $4,132,499.14. The disclosure for this sale can be found here. Insiders have sold 732,541 shares of company stock worth $39,756,070 over the last quarter. Corporate insiders own 17.30% of the company’s stock.
A number of equities analysts have recently commented on the stock. SunTrust Banks, Inc. raised their price objective on shares of QTS Realty Trust from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Credit Suisse Group set a $55.00 price objective on shares of QTS Realty Trust and gave the stock a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research downgraded shares of QTS Realty Trust from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. BidaskClub raised shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $52.00 price objective (down from $53.00) on shares of QTS Realty Trust in a report on Friday, August 11th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. QTS Realty Trust presently has an average rating of “Buy” and a consensus price target of $57.85.
QTS Realty Trust (NYSE:QTS) last released its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.59. The business had revenue of $113.77 million for the quarter, compared to the consensus estimate of $113.64 million. QTS Realty Trust had a net margin of 4.67% and a return on equity of 2.13%. QTS Realty Trust’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Shareholders 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 dividend on an annualized basis and a yield of 2.70%. QTS Realty Trust’s payout ratio is 380.50%.
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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