Veritable L.P. lessened its stake in QTS Realty Trust, Inc. (NYSE:QTS) by 6.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,339 shares of the real estate investment trust’s stock after selling 290 shares during the period. Veritable L.P.’s holdings in QTS Realty Trust were worth $227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in QTS Realty Trust by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 664,243 shares of the real estate investment trust’s stock valued at $34,760,000 after purchasing an additional 26,431 shares during the last quarter. Sorin Capital Management LLC purchased a new position in QTS Realty Trust in the second quarter valued at about $870,000. California Public Employees Retirement System grew its stake in QTS Realty Trust by 2.5% in the second quarter. California Public Employees Retirement System now owns 12,500 shares of the real estate investment trust’s stock valued at $654,000 after purchasing an additional 300 shares during the last quarter. Vanguard Group Inc. grew its stake in QTS Realty Trust by 0.4% in the second quarter. Vanguard Group Inc. now owns 7,041,576 shares of the real estate investment trust’s stock valued at $368,486,000 after purchasing an additional 30,800 shares during the last quarter. Finally, Northern Trust Corp grew its stake in QTS Realty Trust by 6.2% in the second quarter. Northern Trust Corp now owns 816,975 shares of the real estate investment trust’s stock valued at $42,752,000 after purchasing an additional 48,005 shares during the last quarter.

Shares of QTS Realty Trust, Inc. (QTS) opened at 52.25 on Friday. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 133.29 and a beta of 0.45. The stock’s 50 day moving average price is $53.27 and its 200-day moving average price is $52.17. QTS Realty Trust, Inc. has a 52 week low of $43.01 and a 52 week high of $56.23.

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 (EPS) for the quarter, hitting analysts’ consensus estimates of $0.63. The firm had revenue of $107.86 million for 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%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 EPS. Equities analysts anticipate that QTS Realty Trust, Inc. will post $0.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 22nd were paid a dividend of $0.39 per share. The ex-dividend date was Thursday, September 21st. This represents a $1.56 dividend on an annualized basis and a yield of 2.99%. QTS Realty Trust’s dividend payout ratio is presently 390.00%.

COPYRIGHT VIOLATION NOTICE: “Veritable L.P. Has $227,000 Holdings in QTS Realty Trust, Inc. (QTS)” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/06/veritable-l-p-has-227000-holdings-in-qts-realty-trust-inc-qts.html.

In related news, COO James H. Reinhart sold 3,545 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $55.22, for a total transaction of $195,754.90. Following the transaction, the chief operating officer now owns 74,837 shares in the company, valued at approximately $4,132,499.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jon D. Greaves sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $54.39, for a total value of $135,975.00. Following the transaction, the insider now owns 24,717 shares in the company, valued at approximately $1,344,357.63. The disclosure for this sale can be found here. Insiders have sold a total of 732,541 shares of company stock worth $39,756,070 in the last 90 days. 17.30% of the stock is currently owned by company insiders.

QTS has been the topic of a number of research analyst reports. Zacks Investment Research lowered 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. 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 Wednesday, September 6th. TheStreet lowered QTS Realty Trust from a “b-” rating to a “c” rating in a research note on Tuesday, July 25th. Finally, Deutsche Bank AG restated a “hold” rating and set a $52.00 price target (down previously from $53.00) on shares of QTS Realty Trust in a research note on Friday, August 11th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $57.15.

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.

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

Receive News & Stock Ratings for QTS Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QTS Realty Trust Inc. and related stocks with our FREE daily email newsletter.