William H. Schafer Sells 12,500 Shares of QTS Realty Trust, Inc. (QTS) Stock

QTS Realty Trust, Inc. (NYSE:QTS) EVP William H. Schafer sold 12,500 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $54.46, for a total transaction of $680,750.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

QTS Realty Trust, Inc. (QTS) opened at $53.57 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.84 and a current ratio of 0.84. QTS Realty Trust, Inc. has a one year low of $46.19 and a one year high of $61.55. The firm has a market cap of $2,694.08, a price-to-earnings ratio of 20.52, a PEG ratio of 1.03 and a beta of 0.44.

QTS Realty Trust (NYSE:QTS) last released its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.59. QTS Realty Trust had a net margin of 4.67% and a return on equity of 2.10%. The company had revenue of $113.77 million for the quarter, compared to analysts’ expectations of $113.64 million. During the same quarter in the previous year, the company earned $0.67 EPS. QTS Realty Trust’s revenue for the quarter was up 10.0% on a year-over-year basis. equities research analysts forecast that QTS Realty Trust, Inc. will post 2.71 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Tuesday, December 5th 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 2.91%. The ex-dividend date of this dividend is Monday, December 4th. QTS Realty Trust’s dividend payout ratio (DPR) is 380.50%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management purchased a new position in shares of QTS Realty Trust during the 3rd quarter valued at $115,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of QTS Realty Trust by 15.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,399 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 453 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of QTS Realty Trust during the 2nd quarter valued at $200,000. PNC Financial Services Group Inc. lifted its stake in shares of QTS Realty Trust by 4,127.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,974 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 3,880 shares in the last quarter. Finally, Harbor Advisors LLC purchased a new position in shares of QTS Realty Trust during the 2nd quarter valued at $209,000.

Several research firms have recently weighed in on QTS. Jefferies Group decreased their price target on shares of QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, November 20th. Wells Fargo & Company increased their target price on QTS Realty Trust from $62.50 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, November 15th. Credit Suisse Group set a $55.00 target price on QTS Realty Trust and gave the company a “hold” rating in a research note on Tuesday, November 14th. J P Morgan Chase & Co upped their price target on shares of QTS Realty Trust from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research lowered shares of QTS Realty Trust from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $59.00.

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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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