Wells Fargo & Company MN increased its holdings in QTS Realty Trust, Inc. (NYSE:QTS) by 2.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 203,085 shares of the real estate investment trust’s stock after acquiring an additional 4,111 shares during the period. Wells Fargo & Company MN owned approximately 0.42% of QTS Realty Trust worth $10,626,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its stake in QTS Realty Trust by 6,140.3% during the first quarter. BlackRock Inc. now owns 4,053,598 shares of the real estate investment trust’s stock worth $197,612,000 after acquiring an additional 3,988,640 shares during the last quarter. Brookfield Asset Management Inc. raised its position in QTS Realty Trust by 699.6% in the first quarter. Brookfield Asset Management Inc. now owns 1,552,050 shares of the real estate investment trust’s stock valued at $75,662,000 after purchasing an additional 1,357,950 shares during the period. Citadel Advisors LLC raised its position in QTS Realty Trust by 332.2% in the first quarter. Citadel Advisors LLC now owns 1,161,956 shares of the real estate investment trust’s stock valued at $56,645,000 after purchasing an additional 893,119 shares during the period. Prudential Financial Inc. raised its position in QTS Realty Trust by 15,615.8% in the second quarter. Prudential Financial Inc. now owns 666,350 shares of the real estate investment trust’s stock valued at $34,870,000 after purchasing an additional 662,110 shares during the period. Finally, Capital Growth Management LP purchased a new stake in QTS Realty Trust in the first quarter valued at $21,450,000.

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A number of equities analysts have recently weighed in on QTS shares. Credit Suisse Group started coverage on QTS Realty Trust in a report on Friday, June 30th. They set a “neutral” rating and a $54.00 price target for the company. Royal Bank Of Canada reissued a “buy” rating and set a $60.00 price objective on shares of QTS Realty Trust in a research report on Friday, July 28th. BidaskClub lowered shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Morgan Stanley restated an “equal weight” rating and issued a $58.00 price objective (up from $53.00) on shares of QTS Realty Trust in a report on Friday, August 25th. Finally, Zacks Investment Research cut shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $57.14.

In other QTS Realty Trust news, CEO Chad L. Williams sold 682,576 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was 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 of the company’s stock, valued at $12,831,535.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jon D. Greaves sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $54.39, for a total value of $135,975.00. Following the sale, the insider now owns 24,717 shares of the company’s stock, valued at $1,344,357.63. The disclosure for this sale can be found here. Insiders sold 732,541 shares of company stock worth $39,756,070 in the last quarter. 17.30% of the stock is owned by insiders.

QTS Realty Trust, Inc. (NYSE QTS) opened at 51.65 on Wednesday. The stock has a market capitalization of $2.52 billion, a PE ratio of 131.76 and a beta of 0.45. The company’s 50-day moving average price is $53.40 and its 200-day moving average price is $52.17. QTS Realty Trust, Inc. has a one year low of $43.01 and a one year high of $56.23.

QTS Realty Trust (NYSE:QTS) last released its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. The business had revenue of $107.86 million during the quarter, compared to the consensus estimate of $107.66 million. QTS Realty Trust had a return on equity of 2.04% and a net margin of 4.60%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 EPS. Equities research analysts predict that QTS Realty Trust, Inc. will post $0.45 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 22nd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Thursday, September 21st. QTS Realty Trust’s payout ratio is currently 390.00%.

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.

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

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