Worth Venture Partners LLC Takes Position in QTS Realty Trust, Inc. (QTS)
Worth Venture Partners LLC acquired a new stake in QTS Realty Trust, Inc. (NYSE:QTS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,105 shares of the real estate investment trust’s stock, valued at approximately $267,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its holdings in QTS Realty Trust by 141.8% in the third quarter. Bank of New York Mellon Corp now owns 645,265 shares of the real estate investment trust’s stock valued at $33,785,000 after acquiring an additional 378,397 shares during the last quarter. Rhumbline Advisers lifted its holdings in QTS Realty Trust by 3.8% in the third quarter. Rhumbline Advisers now owns 61,900 shares of the real estate investment trust’s stock valued at $3,241,000 after acquiring an additional 2,250 shares during the last quarter. Sei Investments Co. lifted its stake in QTS Realty Trust by 9.5% during the third quarter. Sei Investments Co. now owns 77,188 shares of the real estate investment trust’s stock worth $4,042,000 after purchasing an additional 6,709 shares in the last quarter. FDx Advisors Inc. acquired a new position in QTS Realty Trust during the third quarter worth $354,000. Finally, Jennison Associates LLC lifted its stake in QTS Realty Trust by 39.7% during the third quarter. Jennison Associates LLC now owns 1,223,816 shares of the real estate investment trust’s stock worth $64,079,000 after purchasing an additional 347,554 shares in the last quarter.
ILLEGAL ACTIVITY WARNING: This story was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.thecerbatgem.com/2017/11/14/worth-venture-partners-llc-takes-position-in-qts-realty-trust-inc-qts.html.
QTS Realty Trust, Inc. (QTS) traded up $0.89 during trading on Tuesday, hitting $61.04. The stock had a trading volume of 533,900 shares, compared to its average volume of 433,806. QTS Realty Trust, Inc. has a 1-year low of $43.95 and a 1-year high of $61.55. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $2,950.00, a price-to-earnings ratio of 23.05, a P/E/G ratio of 1.03 and a beta of 0.48.
QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.59. QTS Realty Trust had a return on equity of 2.10% and a net margin of 4.67%. The business had revenue of $113.77 million for the quarter, compared to analyst estimates of $113.64 million. During the same quarter in the prior year, the company earned $0.67 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. equities research analysts expect that QTS Realty Trust, Inc. will post 2.7 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, December 5th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Monday, December 4th. QTS Realty Trust’s dividend payout ratio is currently 433.33%.
In other news, CFO Jeffrey H. Berson sold 18,235 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $54.61, for a total transaction of $995,813.35. Following the sale, the chief financial officer now owns 51,751 shares of the company’s stock, valued at $2,826,122.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William H. Schafer sold 16,260 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $54.47, for a total value of $885,682.20. Following the sale, the executive vice president now directly owns 67,735 shares in the company, valued at approximately $3,689,525.45. The disclosure for this sale can be found here. Insiders have sold 40,540 shares of company stock worth $2,213,225 in the last ninety days. Corporate insiders own 17.30% of the company’s stock.
A number of research firms have commented on QTS. TheStreet upgraded QTS Realty Trust from a “c” rating to a “b-” rating in a research note on Tuesday, October 24th. Morgan Stanley restated an “equal weight” rating and set a $58.00 price target (up 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. Credit Suisse Group set a $55.00 price target on QTS Realty Trust and gave the stock a “hold” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research upgraded QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $57.85.
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.
Want to see what other hedge funds are holding QTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QTS Realty Trust, Inc. (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.