QTS Realty Trust, Inc. (QTS) Holdings Boosted by State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System grew its position in shares of QTS Realty Trust, Inc. (NYSE:QTS) by 98.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,030 shares of the real estate investment trust’s stock after buying an additional 16,907 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.07% of QTS Realty Trust worth $1,781,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of QTS. Oppenheimer Asset Management Inc. bought a new position in shares of QTS Realty Trust during the 1st quarter worth approximately $113,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of QTS Realty Trust by 5.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,946 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 157 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of QTS Realty Trust during the 1st quarter worth approximately $156,000. Quantbot Technologies LP lifted its position in shares of QTS Realty Trust by 211.1% during the 1st quarter. Quantbot Technologies LP now owns 3,326 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 2,257 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of QTS Realty Trust during the 2nd quarter worth approximately $200,000.
QTS Realty Trust, Inc. (NYSE QTS) opened at 53.92 on Thursday. The company has a market capitalization of $2.63 billion, a P/E ratio of 137.55 and a beta of 0.47. The firm has a 50-day moving average of $53.90 and a 200 day moving average of $51.88. QTS Realty Trust, Inc. has a one year low of $43.01 and a one year high of $56.23.
QTS Realty Trust (NYSE:QTS) last announced its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 EPS for the quarter, meeting the Zacks’ 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 during the quarter, compared to analysts’ expectations of $107.66 million. During the same period in the prior year, the company earned $0.63 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts forecast that QTS Realty Trust, Inc. will post $0.45 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 22nd will be paid a $0.39 dividend. The ex-dividend date is Thursday, September 21st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.89%. QTS Realty Trust’s dividend payout ratio (DPR) is presently 390.00%.
In other news, insider Jon D. Greaves sold 2,500 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $54.39, for a total value of $135,975.00. Following the completion of the sale, the insider now directly owns 24,717 shares of the company’s stock, valued at $1,344,357.63. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP William H. Schafer sold 16,260 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $54.47, for a total transaction of $885,682.20. Following the completion of the sale, the executive vice president now directly owns 67,735 shares of the company’s stock, valued at $3,689,525.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 732,541 shares of company stock valued at $39,756,070. Corporate insiders own 17.30% of the company’s stock.
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QTS has been the topic of several recent analyst reports. Deutsche Bank AG reissued a “hold” rating and set a $52.00 target price (down previously from $53.00) on shares of QTS Realty Trust in a research report on Friday, August 11th. Zacks Investment Research lowered shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Morgan Stanley restated an “equal weight” rating and set a $58.00 price target (up previously from $53.00) on shares of QTS Realty Trust in a research note on Friday, August 25th. TheStreet lowered shares of QTS Realty Trust from a “b-” rating to a “c” rating in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $60.00 price target on shares of QTS Realty Trust in a research note on Friday, July 28th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $57.14.
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. 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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