QTS Realty Trust, Inc. (NYSE:QTS) CFO Jeffrey H. Berson sold 18,235 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $54.61, for a total value of $995,813.35. Following the completion of the sale, the chief financial officer now directly owns 51,751 shares in the company, valued at approximately $2,826,122.11. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of QTS Realty Trust, Inc. (NYSE:QTS) traded down 1.42% during trading on Thursday, hitting $53.43. The stock had a trading volume of 479,236 shares. QTS Realty Trust, Inc. has a one year low of $43.01 and a one year high of $56.54. The stock has a 50 day moving average price of $53.06 and a 200-day moving average price of $51.49. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 136.30 and a beta of 0.47.
QTS Realty Trust (NYSE:QTS) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.63. QTS Realty Trust had a net margin of 4.60% and a return on equity of 2.04%. The company had revenue of $107.86 million for the quarter, compared to analysts’ expectations of $107.66 million. During the same quarter in the previous year, the company earned $0.63 EPS. QTS Realty Trust’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts predict that QTS Realty Trust, Inc. will post $0.45 earnings per share 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 paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, September 21st. QTS Realty Trust’s dividend payout ratio (DPR) is 390.00%.
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Several analysts recently commented on QTS shares. BidaskClub raised QTS Realty Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Canaccord Genuity reaffirmed a “buy” rating and issued a $59.00 price target on shares of QTS Realty Trust in a research note on Tuesday, May 2nd. Stifel Nicolaus reaffirmed a “buy” rating on shares of QTS Realty Trust in a research note on Tuesday, April 25th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 price target on shares of QTS Realty Trust in a research note on Friday, June 9th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $60.00 price target on shares of QTS Realty Trust in a research note on Friday, July 28th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $57.08.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. purchased a new position in QTS Realty Trust during the first quarter worth $417,000. SeaBridge Investment Advisors LLC boosted its stake in shares of 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 valued at $358,000 after buying an additional 240 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of QTS Realty Trust by 27.9% in the first quarter. State of Alaska Department of Revenue now owns 23,810 shares of the real estate investment trust’s stock valued at $1,160,000 after buying an additional 5,200 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of QTS Realty Trust by 243.3% in the first quarter. Nationwide Fund Advisors now owns 203,536 shares of the real estate investment trust’s stock valued at $9,922,000 after buying an additional 144,241 shares during the last quarter. Finally, Sigma Planning Corp bought a new stake in shares of QTS Realty Trust during the first quarter valued at approximately $353,000.
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.
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