Swiss National Bank Acquires 1,500 Shares of QTS Realty Trust Inc (QTS)

Swiss National Bank raised its holdings in QTS Realty Trust Inc (NYSE:QTS) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,983 shares of the real estate investment trust’s stock after buying an additional 1,500 shares during the period. Swiss National Bank owned approximately 0.17% of QTS Realty Trust worth $3,797,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of QTS. Teachers Insurance & Annuity Association of America raised its holdings in shares of QTS Realty Trust by 2.0% in the 2nd quarter. Teachers Insurance & Annuity Association of America now owns 65,238 shares of the real estate investment trust’s stock valued at $2,577,000 after purchasing an additional 1,261 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in QTS Realty Trust by 16.2% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 9,323 shares of the real estate investment trust’s stock worth $398,000 after acquiring an additional 1,300 shares in the last quarter. Bank of Montreal Can raised its stake in QTS Realty Trust by 4.9% during the 3rd quarter. Bank of Montreal Can now owns 28,839 shares of the real estate investment trust’s stock worth $1,230,000 after acquiring an additional 1,335 shares in the last quarter. Fisher Asset Management LLC raised its stake in QTS Realty Trust by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 30,957 shares of the real estate investment trust’s stock worth $1,321,000 after acquiring an additional 1,421 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in QTS Realty Trust by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 162,768 shares of the real estate investment trust’s stock worth $6,429,000 after acquiring an additional 1,487 shares in the last quarter.

Several brokerages recently commented on QTS. Zacks Investment Research upgraded shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Berenberg Bank began coverage on shares of QTS Realty Trust in a research note on Thursday, September 20th. They set a “hold” rating and a $50.00 price target on the stock. Raymond James reiterated a “hold” rating on shares of QTS Realty Trust in a research note on Monday, August 20th. Credit Suisse Group upgraded shares of QTS Realty Trust from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $30.00 to $42.00 in a research note on Wednesday, August 8th. Finally, BMO Capital Markets set a $48.00 price objective on shares of QTS Realty Trust and gave the company a “buy” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. QTS Realty Trust has an average rating of “Buy” and an average target price of $46.42.

In related news, CEO Chad L. Williams acquired 17,500 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The shares were purchased at an average price of $39.17 per share, with a total value of $685,475.00. Following the completion of the acquisition, the chief executive officer now owns 356,028 shares in the company, valued at $13,945,616.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.10% of the stock is currently owned by insiders.

Shares of NYSE:QTS opened at $41.24 on Tuesday. The stock has a market capitalization of $2.07 billion, a PE ratio of 14.94, a PEG ratio of 1.12 and a beta of 0.80. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.28. QTS Realty Trust Inc has a fifty-two week low of $31.58 and a fifty-two week high of $56.41.

QTS Realty Trust (NYSE:QTS) last issued its earnings results on Monday, October 29th. The real estate investment trust reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.75). The firm had revenue of $112.20 million during the quarter, compared to analysts’ expectations of $105.28 million. QTS Realty Trust had a negative net margin of 5.49% and a positive return on equity of 0.40%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS. On average, equities analysts predict that QTS Realty Trust Inc will post 2.19 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 8th. Investors of record on Friday, December 21st will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Thursday, December 20th. QTS Realty Trust’s dividend payout ratio is currently 59.42%.

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QTS Realty Trust Profile

QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of secure, compliant data center solutions, hybrid cloud and fully managed services. QTS' integrated technology service platform of hyperscale and hybrid colocation provides flexible, scalable, secure IT solutions for web and IT applications.

See Also: What is Considered a Good Return on Equity (ROE)?

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

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