Virginia Retirement Systems ET AL acquired a new position in shares of QTS Realty Trust Inc. (NYSE:QTS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 39,500 shares of the company’s stock, valued at approximately $2,211,000. Virginia Retirement Systems ET AL owned about 0.08% of QTS Realty Trust at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of QTS Realty Trust by 1.7% in the second quarter. Vanguard Group Inc. now owns 6,759,824 shares of the company’s stock worth $378,414,000 after buying an additional 110,746 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of QTS Realty Trust by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 1,392,307 shares of the company’s stock worth $77,941,000 after buying an additional 95,675 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of QTS Realty Trust by 5.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,243,426 shares of the company’s stock worth $58,914,000 after buying an additional 68,466 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of QTS Realty Trust by 7.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,013,572 shares of the company’s stock worth $48,023,000 after buying an additional 68,334 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of QTS Realty Trust by 36.3% in the first quarter. Renaissance Technologies LLC now owns 568,900 shares of the company’s stock worth $26,954,000 after buying an additional 151,600 shares during the last quarter.

QTS Realty Trust Inc. (NYSE:QTS) opened at 54.74 on Friday. The stock has a market cap of $2.62 billion, a P/E ratio of 105.47 and a beta of 0.33. QTS Realty Trust Inc. has a 12 month low of $40.50 and a 12 month high of $59.41. The firm’s 50-day moving average price is $54.01 and its 200-day moving average price is $52.23.

QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The company earned $98.70 million during the quarter, compared to the consensus estimate of $97.03 million. QTS Realty Trust had a return on equity of 2.88% and a net margin of 6.03%. QTS Realty Trust’s revenue for the quarter was up 44.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 EPS. On average, analysts predict that QTS Realty Trust Inc. will post $2.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 20th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, September 16th. QTS Realty Trust’s dividend payout ratio (DPR) is currently 288.00%.

A number of brokerages have recently commented on QTS. Jefferies Group lowered their target price on QTS Realty Trust from $65.00 to $63.00 and set a “buy” rating on the stock in a research note on Thursday, August 11th. Zacks Investment Research upgraded QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Wells Fargo & Co. began coverage on QTS Realty Trust in a research note on Tuesday, May 31st. They issued an “outperform” rating on the stock. SunTrust Banks Inc. began coverage on QTS Realty Trust in a research note on Thursday, July 21st. They issued a “buy” rating and a $65.00 target price on the stock. Finally, Deutsche Bank AG upped their target price on QTS Realty Trust from $54.00 to $56.00 and gave the stock a “hold” rating in a research note on Monday, July 18th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $56.44.

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. It operates through a portfolio of investments in over 20 data centers located primarily in the United States with others in Canada, Europe and the Asia-Pacific region.

5 Day Chart for NYSE:QTS

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 & 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 companies with MarketBeat.com's FREE daily email newsletter.