State of Alaska Department of Revenue increased its holdings in QTS Realty Trust Inc (NYSE:QTS) by 262.5% during the 4th quarter, Holdings Channel reports. The firm owned 16,310 shares of the real estate investment trust’s stock after buying an additional 11,811 shares during the period. State of Alaska Department of Revenue’s holdings in QTS Realty Trust were worth $885,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Sandy Spring Bank purchased a new stake in QTS Realty Trust in the third quarter worth about $26,000. Quest Capital Management Inc. ADV purchased a new stake in QTS Realty Trust in the third quarter worth about $26,000. Quadrant Capital Group LLC purchased a new stake in QTS Realty Trust in the third quarter worth about $29,000. Winslow Evans & Crocker Inc. lifted its holdings in QTS Realty Trust by 170.4% in the third quarter. Winslow Evans & Crocker Inc. now owns 676 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 426 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in QTS Realty Trust in the second quarter worth about $54,000.
In other news, CFO Jeffrey H. Berson sold 49,522 shares of QTS Realty Trust stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $50.88, for a total transaction of $2,519,679.36. Following the completion of the transaction, the chief financial officer now directly owns 62,797 shares in the company, valued at $3,195,111.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William H. Schafer sold 5,000 shares of QTS Realty Trust stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $53.55, for a total transaction of $267,750.00. Following the transaction, the executive vice president now owns 51,265 shares of the company’s stock, valued at $2,745,240.75. The disclosure for this sale can be found here. Insiders have sold 127,951 shares of company stock valued at $6,526,399 over the last quarter. Company insiders own 13.40% of the company’s stock.
Several brokerages have commented on QTS. BMO Capital Markets raised their price objective on shares of QTS Realty Trust from $50.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. KeyCorp raised their price objective on shares of QTS Realty Trust from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. upgraded shares of QTS Realty Trust from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $50.00 to $65.00 in a report on Tuesday, October 29th. Zacks Investment Research lowered shares of QTS Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, ValuEngine lowered shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. QTS Realty Trust currently has an average rating of “Buy” and a consensus price target of $55.00.
Shares of QTS opened at $55.35 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.95 and a quick ratio of 0.95. QTS Realty Trust Inc has a one year low of $38.57 and a one year high of $55.43. The company has a 50-day simple moving average of $52.92 and a two-hundred day simple moving average of $50.25. The firm has a market capitalization of $3.18 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 2.36 and a beta of 0.56.
QTS Realty Trust (NYSE:QTS) last released its earnings results on Monday, November 4th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.61). QTS Realty Trust had a net margin of 8.55% and a return on equity of 4.05%. The business had revenue of $125.26 million for the quarter, compared to analysts’ expectations of $119.89 million. During the same quarter in the previous year, the business posted $0.61 earnings per share. QTS Realty Trust’s revenue for the quarter was up 11.6% on a year-over-year basis. Analysts expect that QTS Realty Trust Inc will post 2.29 EPS for the current fiscal year.
The firm also recently announced a dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, December 19th. QTS Realty Trust’s payout ratio is 67.69%.
QTS Realty Trust Profile
QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of data center solutions across a diverse footprint spanning more than 6 million square feet of owned mega scale data center space throughout North America. Through its software-defined technology platform, QTS is able to deliver secure, compliant infrastructure solutions, robust connectivity and premium customer service to leading hyperscale technology companies, enterprises, and government entities.
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