QTS Realty Trust, Inc. (QTS) Stake Boosted by Prudential Financial Inc.
Prudential Financial Inc. increased its stake in QTS Realty Trust, Inc. (NYSE:QTS) by 15,615.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 666,350 shares of the real estate investment trust’s stock after buying an additional 662,110 shares during the period. Prudential Financial Inc. owned about 1.37% of QTS Realty Trust worth $34,870,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new position in QTS Realty Trust during the first quarter valued at about $113,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in QTS Realty Trust by 5.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,946 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 157 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in QTS Realty Trust during the first quarter valued at about $156,000. Quantbot Technologies LP raised its position in QTS Realty Trust by 211.1% in the first quarter. Quantbot Technologies LP now owns 3,326 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 2,257 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in QTS Realty Trust during the second quarter valued at about $200,000.
QTS Realty Trust, Inc. (NYSE QTS) opened at 54.18 on Friday. The company’s 50 day moving average price is $53.60 and its 200-day moving average price is $51.68. The company has a market capitalization of $2.64 billion, a P/E ratio of 138.21 and a beta of 0.47. QTS Realty Trust, Inc. has a 52 week low of $43.01 and a 52 week high of $56.54.
QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. QTS Realty Trust had a return on equity of 2.04% and a net margin of 4.60%. The firm had revenue of $107.86 million during the quarter, compared to analysts’ expectations of $107.66 million. During the same period last year, the business posted $0.63 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities research analysts expect that QTS Realty Trust, Inc. will post $0.45 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 22nd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.88%. The ex-dividend date is Thursday, September 21st. QTS Realty Trust’s dividend payout ratio is currently 390.00%.
Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Morgan Stanley reissued an “equal weight” rating and issued a $58.00 target price (up previously from $53.00) on shares of QTS Realty Trust in a research report on Friday, August 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $60.00 target price on shares of QTS Realty Trust in a research report on Friday, July 28th. TheStreet lowered QTS Realty Trust from a “b-” rating to a “c” rating in a research report on Tuesday, July 25th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of QTS Realty Trust in a research report on Monday, May 8th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. QTS Realty Trust has an average rating of “Buy” and an average price target of $57.14.
In related news, Director Stephen E. Westhead sold 10,000 shares of QTS Realty Trust stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $53.08, for a total transaction of $530,800.00. Following the completion of the transaction, the director now directly owns 11,924 shares in the company, valued at $632,925.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Chad L. Williams sold 682,576 shares of QTS Realty Trust stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $54.25, for a total value of $37,029,748.00. Following the transaction, the chief executive officer now owns 236,526 shares of the company’s stock, valued at $12,831,535.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 736,496 shares of company stock valued at $39,955,141. 17.30% of the stock is owned by company 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.
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