Stifel Financial Corp grew its holdings in shares of QTS Realty Trust Inc (NYSE:QTS) by 36.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,242 shares of the real estate investment trust’s stock after buying an additional 4,057 shares during the quarter. Stifel Financial Corp’s holdings in QTS Realty Trust were worth $792,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Westfield Capital Management Co. LP grew its stake in QTS Realty Trust by 1.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 385,948 shares of the real estate investment trust’s stock worth $20,208,000 after acquiring an additional 4,315 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in QTS Realty Trust by 3.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 689,730 shares of the real estate investment trust’s stock worth $36,114,000 after acquiring an additional 25,487 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in QTS Realty Trust by 11.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 222,922 shares of the real estate investment trust’s stock worth $11,673,000 after acquiring an additional 22,577 shares in the last quarter. Wells Fargo & Company MN grew its stake in QTS Realty Trust by 19.1% in the 3rd quarter. Wells Fargo & Company MN now owns 241,943 shares of the real estate investment trust’s stock worth $12,669,000 after acquiring an additional 38,858 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new position in QTS Realty Trust in the 3rd quarter worth about $115,000.
QTS Realty Trust Inc (NYSE QTS) opened at $51.65 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.09. QTS Realty Trust Inc has a fifty-two week low of $46.32 and a fifty-two week high of $61.55. The stock has a market cap of $2,600.00, a price-to-earnings ratio of 143.47, a P/E/G ratio of 0.95 and a beta of 0.44.
QTS Realty Trust (NYSE:QTS) last issued its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $113.77 million during the quarter, compared to analysts’ expectations of $113.64 million. During the same quarter last year, the company posted $0.67 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year. analysts forecast that QTS Realty Trust Inc will post 2.71 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Tuesday, December 5th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, December 4th. This represents a $1.56 annualized dividend and a dividend yield of 3.02%. QTS Realty Trust’s dividend payout ratio (DPR) is presently 433.33%.
In related news, insider Daniel T. Bennewitz sold 9,144 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $57.46, for a total transaction of $525,414.24. Following the sale, the insider now owns 58,624 shares in the company, valued at $3,368,535.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP William H. Schafer sold 12,500 shares of QTS Realty Trust stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $54.46, for a total transaction of $680,750.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,201 shares of company stock valued at $2,112,933. 17.30% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently issued reports on the stock. Credit Suisse Group set a $55.00 price objective on shares of QTS Realty Trust and gave the company a “hold” rating in a research note on Tuesday, November 14th. TheStreet upgraded shares of QTS Realty Trust from a “c” rating to a “b-” rating in a research note on Tuesday, October 24th. Wells Fargo & Co increased their price objective on shares of QTS Realty Trust from $62.50 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, November 15th. JPMorgan Chase & Co. increased their price objective on shares of QTS Realty Trust from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research downgraded shares of QTS Realty Trust from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $59.00.
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About QTS Realty Trust
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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