Westfield Capital Management Co. LP trimmed its holdings in QTS Realty Trust Inc (NYSE:QTS) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 943,955 shares of the real estate investment trust’s stock after selling 2,390 shares during the period. Westfield Capital Management Co. LP owned about 1.71% of QTS Realty Trust worth $43,592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of QTS. Oppenheimer Asset Management Inc. increased its holdings in QTS Realty Trust by 22.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,581 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 295 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in QTS Realty Trust by 59.2% during the first quarter. BNP Paribas Arbitrage SA now owns 11,626 shares of the real estate investment trust’s stock worth $523,000 after purchasing an additional 4,323 shares during the last quarter. Bank of Montreal Can increased its stake in QTS Realty Trust by 4.0% in the 1st quarter. Bank of Montreal Can now owns 11,376 shares of the real estate investment trust’s stock valued at $512,000 after buying an additional 439 shares during the last quarter. Bbva Compass Bancshares Inc. lifted its position in shares of QTS Realty Trust by 9.7% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 18,359 shares of the real estate investment trust’s stock worth $826,000 after buying an additional 1,617 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV purchased a new position in shares of QTS Realty Trust in the 1st quarter worth approximately $220,000.

NYSE QTS traded up $0.44 on Wednesday, hitting $48.94. 10,128 shares of the stock traded hands, compared to its average volume of 318,577. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.79 and a current ratio of 0.79. The business’s fifty day moving average is $47.47 and its two-hundred day moving average is $45.64. QTS Realty Trust Inc has a 12 month low of $34.27 and a 12 month high of $50.05. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 2.28 and a beta of 0.56.

QTS Realty Trust (NYSE:QTS) last issued its earnings results on Monday, July 29th. The real estate investment trust reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.58). QTS Realty Trust had a net margin of 6.19% and a return on equity of 2.95%. The firm had revenue of $119.17 million during the quarter, compared to the consensus estimate of $114.53 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. Analysts expect that QTS Realty Trust Inc will post 2.3 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 19th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Wednesday, September 18th. QTS Realty Trust’s dividend payout ratio is currently 67.69%.

A number of research analysts have issued reports on the company. Raymond James upgraded QTS Realty Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research note on Wednesday, July 31st. Zacks Investment Research cut QTS Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Credit Suisse Group boosted their price target on shares of QTS Realty Trust from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. ValuEngine upgraded shares of QTS Realty Trust from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, Royal Bank of Canada restated a “buy” rating and set a $52.00 price objective on shares of QTS Realty Trust in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $49.57.

In other news, Director Wayne M. Rehberger acquired 1,100 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $45.50 per share, for a total transaction of $50,050.00. Following the purchase, the director now owns 3,046 shares of the company’s stock, valued at approximately $138,593. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 13.40% of the company’s stock.

QTS Realty Trust Profile

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

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