Westpac Banking Corp lifted its position in QTS Realty Trust Inc (NYSE:QTS) by 71.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 89,178 shares of the real estate investment trust’s stock after buying an additional 37,083 shares during the quarter. Westpac Banking Corp’s holdings in QTS Realty Trust were worth $4,830,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Picton Mahoney Asset Management purchased a new stake in shares of QTS Realty Trust in the 3rd quarter valued at $115,000. PNC Financial Services Group Inc. increased its holdings in QTS Realty Trust by 4,127.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,974 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 3,880 shares during the period. Harbor Advisors LLC purchased a new stake in QTS Realty Trust during the 2nd quarter worth about $209,000. ETRADE Capital Management LLC purchased a new stake in QTS Realty Trust during the 3rd quarter worth about $220,000. Finally, Quantbot Technologies LP increased its holdings in QTS Realty Trust by 752.5% during the 3rd quarter. Quantbot Technologies LP now owns 4,348 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 3,838 shares during the period.

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded QTS Realty Trust from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Tuesday, October 17th. Credit Suisse Group downgraded QTS Realty Trust from a “neutral” rating to an “underperform” rating and set a $43.00 price target on the stock. in a report on Wednesday, January 17th. Jefferies Group cut their price target on QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, November 20th. SunTrust Banks upped their price target on QTS Realty Trust from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, JPMorgan Chase & Co. upped their price target on QTS Realty Trust from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $58.08.

In other news, insider Daniel T. Bennewitz sold 9,144 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $57.46, for a total transaction of $525,414.24. Following the completion of the transaction, the insider now directly owns 58,624 shares of the company’s stock, valued at approximately $3,368,535.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO James H. Reinhart sold 4,050 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $58.42, for a total value of $236,601.00. Following the transaction, the chief operating officer now directly owns 65,595 shares of the company’s stock, valued at $3,832,059.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,201 shares of company stock valued at $2,112,933. Insiders own 17.30% of the company’s stock.

QTS Realty Trust Inc (NYSE:QTS) opened at $50.23 on Monday. The stock has a market capitalization of $2,526.58, a PE ratio of 122.52, a PEG ratio of 0.90 and a beta of 0.44. QTS Realty Trust Inc has a 1 year low of $46.32 and a 1 year high of $61.55. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.09.

QTS Realty Trust (NYSE:QTS) last released its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.59. The business had revenue of $113.77 million during the quarter, compared to analysts’ expectations of $113.64 million. QTS Realty Trust had a return on equity of 2.10% and a net margin of 4.67%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 EPS. equities research analysts predict that QTS Realty Trust Inc will post 2.71 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Tuesday, December 5th were given a dividend of $0.39 per share. The ex-dividend date was Monday, December 4th. This represents a $1.56 annualized dividend and a dividend yield of 3.11%. QTS Realty Trust’s dividend payout ratio is currently 380.50%.

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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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