Taylor Wealth Management Partners Sells 1,825 Shares of QTS Realty Trust, Inc. (NYSE:QTS)

Taylor Wealth Management Partners decreased its position in QTS Realty Trust, Inc. (NYSE:QTS) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 92,215 shares of the real estate investment trust’s stock after selling 1,825 shares during the period. QTS Realty Trust accounts for approximately 2.2% of Taylor Wealth Management Partners’ investment portfolio, making the stock its 17th largest position. Taylor Wealth Management Partners owned approximately 0.19% of QTS Realty Trust worth $4,826,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in QTS Realty Trust by 1.3% in the first quarter. Principal Financial Group Inc. now owns 6,642 shares of the real estate investment trust’s stock worth $324,000 after buying an additional 82 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in QTS Realty Trust by 5.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,946 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 157 shares in the last quarter. Thrivent Financial For Lutherans increased its position in QTS Realty Trust by 1.1% in the first quarter. Thrivent Financial For Lutherans now owns 18,980 shares of the real estate investment trust’s stock worth $925,000 after buying an additional 200 shares in the last quarter. SeaBridge Investment Advisors LLC increased its position in QTS Realty Trust by 3.4% in the first quarter. SeaBridge Investment Advisors LLC now owns 7,340 shares of the real estate investment trust’s stock worth $358,000 after buying an additional 240 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in QTS Realty Trust by 2.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 17,123 shares of the real estate investment trust’s stock worth $850,000 after buying an additional 370 shares in the last quarter.

Shares of QTS Realty Trust, Inc. (QTS) opened at 53.50 on Friday. The firm has a market capitalization of $2.61 billion, a PE ratio of 136.48 and a beta of 0.47. The stock has a 50 day moving average price of $52.99 and a 200 day moving average price of $51.39. QTS Realty Trust, Inc. has a 12-month low of $43.01 and a 12-month high of $56.54.

QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.63. QTS Realty Trust had a return on equity of 2.04% and a net margin of 4.60%. The business had revenue of $107.86 million during the quarter, compared to analyst estimates of $107.66 million. During the same period in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts predict that QTS Realty Trust, Inc. will post $0.44 EPS for the current fiscal year.

The firm also recently disclosed 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 2.92%. The ex-dividend date of this dividend is Thursday, September 21st. QTS Realty Trust’s dividend payout ratio (DPR) is 390.00%.

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A number of research firms recently issued reports on QTS. Jefferies Group LLC restated a “buy” rating and set a $60.00 price target on shares of QTS Realty Trust in a research note on Friday, June 9th. BidaskClub downgraded QTS Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday. Deutsche Bank AG restated a “hold” rating and set a $52.00 price target (down previously from $53.00) on shares of QTS Realty Trust in a research note on Friday. Stifel Nicolaus reiterated a “buy” rating on shares of QTS Realty Trust in a research note on Tuesday, April 25th. Finally, Mitsubishi UFJ Financial Group assumed coverage on QTS Realty Trust in a research note on Tuesday, April 25th. They issued an “overweight” rating and a $58.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $57.08.

In other QTS Realty Trust news, Director Stephen E. Westhead sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $53.08, for a total value of $530,800.00. Following the completion of the sale, the director now directly owns 11,924 shares in the company, valued at $632,925.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen E. Westhead sold 11,000 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $52.36, for a total value of $575,960.00. Following the completion of the sale, the director now owns 12,924 shares of the company’s stock, valued at $676,700.64. The disclosure for this sale can be found here. Insiders sold a total of 22,217 shares of company stock valued at $1,167,914 over the last three months. Corporate insiders own 17.30% of the company’s stock.

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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