Brookfield Asset Management Inc. lowered its stake in QTS Realty Trust Inc (NYSE:QTS) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,853,942 shares of the real estate investment trust’s stock after selling 37,700 shares during the quarter. QTS Realty Trust comprises 0.7% of Brookfield Asset Management Inc.’s portfolio, making the stock its 21st largest position. Brookfield Asset Management Inc. owned about 5.67% of QTS Realty Trust worth $154,569,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the company. AMP Capital Investors Ltd grew its stake in shares of QTS Realty Trust by 12.7% in the third quarter. AMP Capital Investors Ltd now owns 7,994 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 900 shares in the last quarter. Aperio Group LLC grew its stake in QTS Realty Trust by 10.2% during the 3rd quarter. Aperio Group LLC now owns 10,904 shares of the real estate investment trust’s stock valued at $571,000 after purchasing an additional 1,008 shares in the last quarter. FDx Advisors Inc. grew its stake in QTS Realty Trust by 23.5% during the 4th quarter. FDx Advisors Inc. now owns 8,349 shares of the real estate investment trust’s stock valued at $452,000 after purchasing an additional 1,586 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in QTS Realty Trust by 4.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 40,635 shares of the real estate investment trust’s stock valued at $2,201,000 after purchasing an additional 1,631 shares in the last quarter. Finally, American International Group Inc. grew its stake in QTS Realty Trust by 5.5% during the 4th quarter. American International Group Inc. now owns 33,233 shares of the real estate investment trust’s stock valued at $1,800,000 after purchasing an additional 1,728 shares in the last quarter.
QTS Realty Trust Inc (NYSE:QTS) opened at $37.32 on Tuesday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.24. QTS Realty Trust Inc has a 1-year low of $31.58 and a 1-year high of $61.55. The company has a market capitalization of $1,909.56, a P/E ratio of 1,866.00, a price-to-earnings-growth ratio of 0.74 and a beta of 0.71.
QTS Realty Trust (NYSE:QTS) last released its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. QTS Realty Trust had a return on equity of 3.15% and a net margin of 0.29%. The company had revenue of $118.90 million for the quarter, compared to the consensus estimate of $118.30 million. During the same quarter last year, the business posted $0.64 EPS. QTS Realty Trust’s quarterly revenue was up 12.8% compared to the same quarter last year. sell-side analysts expect that QTS Realty Trust Inc will post 2.62 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 22nd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date is Wednesday, March 21st. This is an increase from QTS Realty Trust’s previous quarterly dividend of $0.39. QTS Realty Trust’s dividend payout ratio (DPR) is currently 7,800.00%.
A number of brokerages have weighed in on QTS. Guggenheim lowered QTS Realty Trust from a “buy” rating to a “neutral” rating in a research note on Thursday, February 22nd. Royal Bank of Canada lowered their price objective on QTS Realty Trust to $42.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. They noted that the move was a valuation call. Zacks Investment Research lowered QTS Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Wells Fargo restated a “buy” rating and set a $37.00 price objective (down previously from $63.00) on shares of QTS Realty Trust in a research note on Thursday, February 22nd. Finally, Bank of America lowered their price objective on QTS Realty Trust from $62.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $51.40.
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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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