State Board of Administration of Florida Retirement System lowered its position in shares of QTS Realty Trust, Inc. (NYSE:QTS) by 17.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,809 shares of the real estate investment trust’s stock after selling 4,010 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in QTS Realty Trust were worth $1,167,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of QTS. Rafferty Asset Management LLC acquired a new position in shares of QTS Realty Trust in the 1st quarter valued at about $210,000. Mondrian Investment Partners LTD bought a new stake in QTS Realty Trust in the first quarter worth approximately $1,018,000. Oppenheimer & Co. Inc. bought a new stake in QTS Realty Trust in the first quarter worth approximately $215,000. Advisors Asset Management Inc. lifted its stake in QTS Realty Trust by 11.6% in the first quarter. Advisors Asset Management Inc. now owns 14,844 shares of the real estate investment trust’s stock valued at $921,000 after buying an additional 1,539 shares during the period. Finally, Alps Advisors Inc. boosted its holdings in shares of QTS Realty Trust by 6.9% during the 1st quarter. Alps Advisors Inc. now owns 11,691 shares of the real estate investment trust’s stock worth $725,000 after buying an additional 750 shares in the last quarter.
A number of research analysts recently issued reports on QTS shares. Barclays boosted their target price on shares of QTS Realty Trust from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, April 27th. Mizuho dropped their price objective on shares of QTS Realty Trust from $68.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, March 12th. They noted that the move was a valuation call. Cowen downgraded QTS Realty Trust from an “outperform” rating to a “market perform” rating and set a $78.00 target price for the company. in a research note on Monday. Deutsche Bank Aktiengesellschaft dropped their price target on QTS Realty Trust from $72.00 to $69.00 and set a “hold” rating on the stock in a research note on Wednesday, February 24th. Finally, BMO Capital Markets lowered QTS Realty Trust from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $76.00 to $78.00 in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. QTS Realty Trust presently has an average rating of “Buy” and a consensus target price of $75.25.
QTS Realty Trust (NYSE:QTS) last posted its earnings results on Tuesday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.63). QTS Realty Trust had a return on equity of 1.30% and a net margin of 2.80%. As a group, research analysts anticipate that QTS Realty Trust, Inc. will post 2.29 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 7th. Shareholders of record on Friday, June 18th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, June 17th. QTS Realty Trust’s payout ratio is 70.42%.
In other news, Director John W. Barter sold 10,761 shares of the firm’s stock in a transaction on Monday, March 22nd. The stock was sold at an average price of $63.01, for a total transaction of $678,050.61. Following the completion of the sale, the director now directly owns 20,697 shares of the company’s stock, valued at approximately $1,304,117.97. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephen E. Westhead sold 12,422 shares of QTS Realty Trust stock in a transaction on Tuesday, March 16th. The stock was sold at an average price of $63.30, for a total value of $786,312.60. In the last quarter, insiders sold 30,613 shares of company stock valued at $1,962,757. Company insiders own 12.00% of the company’s stock.
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 7 million square feet of owned data center space throughout primarily North America and Europe. 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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