QTS Realty Trust Inc. (QTS) Insider Buys $148,500.00 in Stock
QTS Realty Trust Inc. (NYSE:QTS) insider Jeffrey H. Berson bought 3,300 shares of the stock in a transaction on Friday, November 4th. The stock was acquired at an average price of $45.00 per share, with a total value of $148,500.00. Following the completion of the acquisition, the insider now owns 56,556 shares of the company’s stock, valued at approximately $2,545,020. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
QTS Realty Trust Inc. (NYSE:QTS) opened at 44.75 on Friday. The firm has a 50-day moving average price of $50.29 and a 200 day moving average price of $52.83. The stock has a market cap of $2.14 billion, a PE ratio of 96.03 and a beta of 0.46. QTS Realty Trust Inc. has a 52-week low of $40.50 and a 52-week high of $59.41.
QTS Realty Trust (NYSE:QTS) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.03. QTS Realty Trust had a return on equity of 2.66% and a net margin of 5.47%. The business earned $103.50 million during the quarter, compared to analysts’ expectations of $46.02 million. During the same quarter last year, the business posted $0.61 EPS. The business’s revenue was up 16.4% on a year-over-year basis. On average, analysts forecast that QTS Realty Trust Inc. will post $2.60 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Friday, December 16th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Wednesday, December 14th. QTS Realty Trust’s dividend payout ratio is currently 320.00%.
Several hedge funds and other institutional investors have recently made changes to their positions in QTS. Springbok Capital Management LLC raised its position in shares of QTS Realty Trust by 209.0% in the first quarter. Springbok Capital Management LLC now owns 30,440 shares of the company’s stock valued at $1,442,000 after buying an additional 20,588 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of QTS Realty Trust by 7.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,013,572 shares of the company’s stock valued at $48,023,000 after buying an additional 68,334 shares in the last quarter. Legal & General Group Plc raised its position in shares of QTS Realty Trust by 31.2% in the first quarter. Legal & General Group Plc now owns 82,747 shares of the company’s stock valued at $3,919,000 after buying an additional 19,664 shares in the last quarter. Bayesian Capital Management LP purchased a new position in shares of QTS Realty Trust during the first quarter valued at about $322,000. Finally, Nuveen Asset Management LLC purchased a new position in shares of QTS Realty Trust during the first quarter valued at about $9,566,000.
A number of brokerages have weighed in on QTS. Deutsche Bank AG lifted their target price on QTS Realty Trust from $54.00 to $56.00 and gave the stock a “hold” rating in a report on Monday, July 18th. TheStreet upgraded QTS Realty Trust from a “hold” rating to a “buy” rating in a report on Tuesday, October 25th. Wells Fargo & Co. restated a “buy” rating on shares of QTS Realty Trust in a report on Thursday, September 22nd. Jefferies Group decreased their price objective on QTS Realty Trust from $65.00 to $63.00 and set a “buy” rating for the company in a report on Thursday, August 11th. Finally, SunTrust Banks Inc. assumed coverage on QTS Realty Trust in a report on Thursday, July 21st. They set a “buy” rating and a $65.00 price objective for the company. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. QTS Realty Trust presently has an average rating of “Buy” and an average target price of $57.60.
QTS Realty Trust Company 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. It operates through a portfolio of investments in over 20 data centers located primarily in the United States with others in Canada, Europe and the Asia-Pacific region.
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