SeaBridge Investment Advisors LLC reduced its position in QTS Realty Trust, Inc. (NYSE:QTS) by 7.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,770 shares of the real estate investment trust’s stock after selling 570 shares during the period. SeaBridge Investment Advisors LLC’s holdings in QTS Realty Trust were worth $354,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in QTS. State of New Jersey Common Pension Fund D raised its position in shares of QTS Realty Trust by 8.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 133,500 shares of the real estate investment trust’s stock worth $6,508,000 after buying an additional 10,000 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of QTS Realty Trust by 47.5% in the first quarter. Janney Montgomery Scott LLC now owns 38,665 shares of the real estate investment trust’s stock worth $1,885,000 after buying an additional 12,454 shares during the last quarter. ProShare Advisors LLC raised its position in shares of QTS Realty Trust by 582.4% in the first quarter. ProShare Advisors LLC now owns 51,338 shares of the real estate investment trust’s stock worth $263,000 after buying an additional 43,815 shares during the last quarter. Sigma Planning Corp bought a new position in shares of QTS Realty Trust during the first quarter worth $353,000. Finally, Nationwide Fund Advisors raised its position in shares of QTS Realty Trust by 243.3% in the first quarter. Nationwide Fund Advisors now owns 203,536 shares of the real estate investment trust’s stock worth $9,922,000 after buying an additional 144,241 shares during the last quarter.

Shares of QTS Realty Trust, Inc. (NYSE QTS) opened at 53.77 on Monday. The company has a market capitalization of $2.62 billion, a PE ratio of 138.58 and a beta of 0.47. QTS Realty Trust, Inc. has a one year low of $43.01 and a one year high of $56.54. The stock has a 50 day moving average of $52.77 and a 200-day moving average of $51.23.

QTS Realty Trust (NYSE:QTS) last released its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. QTS Realty Trust had a net margin of 4.60% and a return on equity of 2.04%. The business had revenue of $107.86 million for the quarter, compared to analysts’ expectations of $107.66 million. During the same period in the previous year, the company earned $0.63 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities analysts forecast that QTS Realty Trust, Inc. will post $0.44 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 22nd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.90%. The ex-dividend date is Thursday, September 21st. QTS Realty Trust’s dividend payout ratio (DPR) is presently 390.00%.

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A number of brokerages recently weighed in on QTS. BidaskClub raised shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. TheStreet lowered shares of QTS Realty Trust from a “b-” rating to a “c” rating in a research note on Tuesday, July 25th. Canaccord Genuity reissued a “buy” rating and set a $59.00 price target on shares of QTS Realty Trust in a research report on Tuesday, May 2nd. Jefferies Group LLC reissued a “buy” rating and set a $60.00 price target on shares of QTS Realty Trust in a research report on Friday, June 9th. Finally, Zacks Investment Research raised shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $57.00.

In other QTS Realty Trust news, Director Stephen E. Westhead sold 10,000 shares of QTS Realty Trust stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $53.08, for a total value of $530,800.00. Following the sale, the director now owns 11,924 shares of the company’s stock, valued at $632,925.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen E. Westhead sold 11,000 shares of QTS Realty Trust stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $52.36, for a total transaction of $575,960.00. Following the completion of the sale, the director now directly owns 12,924 shares in the company, valued at approximately $676,700.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,217 shares of company stock worth $1,167,914. 17.30% of the stock is owned by corporate insiders.

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.

Institutional Ownership by Quarter for QTS Realty Trust (NYSE:QTS)

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