Bamco Inc. NY decreased its position in QTS Realty Trust, Inc. (NYSE:QTS) by 22.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,518 shares of the real estate investment trust’s stock after selling 53,575 shares during the quarter. Bamco Inc. NY owned 0.36% of QTS Realty Trust worth $9,452,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of QTS. Cubist Systematic Strategies LLC bought a new stake in shares of QTS Realty Trust in the 3rd quarter worth approximately $298,000. Highbridge Capital Management LLC bought a new stake in shares of QTS Realty Trust in the 3rd quarter worth approximately $2,932,000. AMP Capital Investors Ltd lifted its holdings in shares of QTS Realty Trust by 12.7% in the 3rd quarter. AMP Capital Investors Ltd now owns 7,994 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 900 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of QTS Realty Trust by 170.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 378,863 shares of the real estate investment trust’s stock worth $19,837,000 after purchasing an additional 238,863 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of QTS Realty Trust by 36.3% in the 3rd quarter. Stifel Financial Corp now owns 15,242 shares of the real estate investment trust’s stock worth $792,000 after purchasing an additional 4,057 shares during the last quarter.
In other news, insider Daniel T. Bennewitz sold 9,144 shares of QTS Realty Trust stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $57.46, for a total transaction of $525,414.24. Following the transaction, the insider now directly owns 58,624 shares in the company, valued at approximately $3,368,535.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO James H. Reinhart sold 4,050 shares of QTS Realty Trust stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $58.42, for a total value of $236,601.00. Following the transaction, the chief operating officer now owns 65,595 shares in the company, valued at $3,832,059.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,201 shares of company stock worth $2,112,933. 17.30% of the stock is owned by insiders.
Several analysts recently issued reports on the company. Wells Fargo & Company raised their price target on QTS Realty Trust from $62.50 to $63.00 and gave the stock an “outperform” rating in a report 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. SunTrust Banks lifted their target price on QTS Realty Trust from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. TheStreet raised QTS Realty Trust from a “c” rating to a “b-” rating in a research note on Tuesday, October 24th. Finally, Jefferies Group cut their target price on QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, November 20th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $59.00.
Shares of QTS Realty Trust, Inc. (QTS) traded up $0.06 during trading on Thursday, reaching $54.90. The company’s stock had a trading volume of 514,900 shares, compared to its average volume of 444,948. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.09. The company has a market cap of $2,758.46, a P/E ratio of 21.01, a P/E/G ratio of 1.06 and a beta of 0.44. QTS Realty Trust, Inc. has a 52-week low of $46.32 and a 52-week high of $61.55.
QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.59. QTS Realty Trust had a return on equity of 2.10% and a net margin of 4.67%. The company had revenue of $113.77 million for the quarter, compared to analysts’ expectations of $113.64 million. During the same period last year, the firm earned $0.67 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. equities research analysts predict that QTS Realty Trust, Inc. will post 2.71 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, December 5th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Monday, December 4th. QTS Realty Trust’s dividend payout ratio (DPR) is presently 380.50%.
QTS Realty Trust 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.
Want to see what other hedge funds are holding QTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QTS Realty Trust, Inc. (NYSE:QTS).
Receive News & Ratings for QTS Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QTS Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.