Westfield Capital Management Co. LP bought a new stake in shares of QTS Realty Trust, Inc. (NYSE:QTS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 381,633 shares of the real estate investment trust’s stock, valued at approximately $19,971,000. Westfield Capital Management Co. LP owned about 0.78% of QTS Realty Trust at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in QTS. BlackRock Inc. raised its holdings in shares of QTS Realty Trust by 6,140.3% during the first quarter. BlackRock Inc. now owns 4,053,598 shares of the real estate investment trust’s stock valued at $197,612,000 after acquiring an additional 3,988,640 shares during the last quarter. Brookfield Asset Management Inc. raised its holdings in shares of QTS Realty Trust by 699.6% during the first quarter. Brookfield Asset Management Inc. now owns 1,552,050 shares of the real estate investment trust’s stock valued at $75,662,000 after acquiring an additional 1,357,950 shares during the last quarter. Citadel Advisors LLC raised its holdings in shares of QTS Realty Trust by 332.2% during the first quarter. Citadel Advisors LLC now owns 1,161,956 shares of the real estate investment trust’s stock valued at $56,645,000 after acquiring an additional 893,119 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of QTS Realty Trust by 15,615.8% during the second quarter. Prudential Financial Inc. now owns 666,350 shares of the real estate investment trust’s stock valued at $34,870,000 after acquiring an additional 662,110 shares during the last quarter. Finally, Capital Growth Management LP acquired a new position in shares of QTS Realty Trust during the first quarter valued at approximately $21,450,000.

QTS Realty Trust, Inc. (NYSE:QTS) traded down 0.360% during midday trading on Tuesday, reaching $54.015. The company’s stock had a trading volume of 6,829 shares. QTS Realty Trust, Inc. has a 52 week low of $43.01 and a 52 week high of $56.23. The stock has a market capitalization of $2.64 billion, a PE ratio of 137.793 and a beta of 0.47. The firm’s 50-day moving average price is $53.95 and its 200-day moving average price is $51.93.

QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. The company had revenue of $107.86 million during the quarter, compared to the consensus estimate of $107.66 million. QTS Realty Trust had a return on equity of 2.04% and a net margin of 4.60%. QTS Realty Trust’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 EPS. On average, analysts anticipate that QTS Realty Trust, Inc. will post $0.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 22nd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $1.56 annualized dividend and a yield of 2.88%. QTS Realty Trust’s dividend payout ratio (DPR) is presently 390.00%.

In other QTS Realty Trust news, CFO Jeffrey H. Berson sold 18,235 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $54.61, for a total value of $995,813.35. Following the completion of the transaction, the chief financial officer now directly owns 51,751 shares in the company, valued at approximately $2,826,122.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Chad L. Williams sold 682,576 shares of the business’s stock in a transaction 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 completion of 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. Insiders sold a total of 732,541 shares of company stock valued at $39,756,070 over the last quarter. 17.30% of the stock is currently owned by insiders.

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A number of equities analysts have commented on QTS shares. Jefferies Group LLC reissued a “buy” rating and set a $60.00 target price on shares of QTS Realty Trust in a report on Friday, June 9th. BidaskClub raised QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Credit Suisse Group started coverage on QTS Realty Trust in a report on Friday, June 30th. They issued a “neutral” rating and a $54.00 price target for the company. Deutsche Bank AG reaffirmed a “hold” rating and issued a $52.00 price target (down previously from $53.00) on shares of QTS Realty Trust in a report on Friday, August 11th. Finally, Zacks Investment Research raised QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $57.14.

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

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