Dimensional Fund Advisors LP boosted its position in shares of QTS Realty Trust, Inc. (NYSE:QTS) by 14.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 637,812 shares of the real estate investment trust’s stock after buying an additional 79,652 shares during the period. Dimensional Fund Advisors LP owned 1.33% of QTS Realty Trust worth $31,093,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in QTS. Peregrine Capital Management LLC boosted its position in QTS Realty Trust by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 630,000 shares of the real estate investment trust’s stock worth $30,259,000 after buying an additional 43,464 shares during the last quarter. New Mexico Educational Retirement Board boosted its position in shares of QTS Realty Trust by 113.0% in the first quarter. New Mexico Educational Retirement Board now owns 4,900 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 2,600 shares during the last quarter. Princeton Alpha Management LP bought a new position in shares of QTS Realty Trust during the first quarter worth about $319,000. Prudential Financial Inc. bought a new position in shares of QTS Realty Trust during the first quarter worth about $207,000. Finally, Karp Capital Management Corp bought a new position in shares of QTS Realty Trust during the first quarter worth about $241,000.
Shares of QTS Realty Trust, Inc. (NYSE QTS) opened at 52.29 on Friday. QTS Realty Trust, Inc. has a 52 week low of $43.01 and a 52 week high of $56.54. The firm’s 50-day moving average price is $53.07 and its 200 day moving average price is $51.52. The company has a market capitalization of $2.55 billion, a PE ratio of 133.39 and a beta of 0.47.
QTS Realty Trust (NYSE:QTS) last released its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.63. The business had revenue of $107.86 million during the quarter, compared to analyst estimates of $107.66 million. QTS Realty Trust had a net margin of 4.60% and a return on equity of 2.04%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the business earned $0.63 EPS. Equities analysts predict that QTS Realty Trust, Inc. will post $0.45 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 22nd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Thursday, September 21st. QTS Realty Trust’s payout ratio is 390.00%.
QTS has been the subject of a number of recent research reports. BidaskClub upgraded 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 objective on shares of QTS Realty Trust in a report on Tuesday, May 2nd. Stifel Nicolaus reissued a “buy” rating on shares of QTS Realty Trust in a report on Tuesday, April 25th. Jefferies Group LLC reissued a “buy” rating and set a $60.00 price target on shares of QTS Realty Trust in a report on Friday, June 9th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $60.00 price target on shares of QTS Realty Trust in a report on Friday, July 28th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $57.08.
In other news, Director Stephen E. Westhead sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $53.08, for a total value of $530,800.00. Following the transaction, the director now directly owns 11,924 shares in the company, valued at approximately $632,925.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP William H. Schafer sold 16,260 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $54.47, for a total transaction of $885,682.20. Following the completion of the transaction, the executive vice president now owns 67,735 shares in the company, valued at $3,689,525.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 747,496 shares of company stock valued at $40,531,101. Company 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.
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