FDx Advisors Inc. acquired a new stake in shares of QTS Realty Trust, Inc. (NYSE:QTS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,763 shares of the real estate investment trust’s stock, valued at approximately $354,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of QTS. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of QTS Realty Trust by 15.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,399 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 453 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of QTS Realty Trust in the second quarter valued at approximately $200,000. Prudential Financial Inc. purchased a new position in shares of QTS Realty Trust in the first quarter valued at approximately $207,000. PNC Financial Services Group Inc. lifted its stake in QTS Realty Trust by 4,127.7% in the second quarter. PNC Financial Services Group Inc. now owns 3,974 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 3,880 shares during the last quarter. Finally, Harbor Advisors LLC purchased a new position in QTS Realty Trust in the second quarter worth approximately $209,000.
A number of equities analysts have recently commented on QTS shares. Credit Suisse Group set a $55.00 target price on shares of QTS Realty Trust and gave the company a “hold” rating in a report on Tuesday, November 14th. Jefferies Group lowered 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 research note on Monday, November 20th. J P Morgan Chase & Co upped their price target on shares of QTS Realty Trust from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Zacks Investment Research upgraded shares of QTS Realty Trust from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Tuesday, October 17th. Finally, BidaskClub upgraded shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $59.00.
QTS Realty Trust (NYSE:QTS) last announced 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 Thomson Reuters’ consensus estimate of $0.11 by $0.59. The business had revenue of $113.77 million during the quarter, compared to analyst estimates of $113.64 million. QTS Realty Trust had a return on equity of 2.10% and a net margin of 4.67%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 EPS. equities research analysts forecast that QTS Realty Trust, Inc. will post 2.71 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, December 5th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.91%. The ex-dividend date is Monday, December 4th. QTS Realty Trust’s dividend payout ratio is currently 380.50%.
In other QTS Realty Trust news, insider Shirley E. Goza sold 11,507 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $58.24, for a total value of $670,167.68. Following the transaction, the insider now owns 16,770 shares of the company’s stock, valued at $976,684.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP William H. Schafer sold 12,500 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $54.46, for a total value of $680,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,746 shares of company stock worth $2,308,688. 17.30% of the stock is currently owned by company insiders.
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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.
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