QTS Realty Trust Inc. (QTS) Shares Bought by Principal Financial Group Inc.
Principal Financial Group Inc. boosted its position in QTS Realty Trust Inc. (NYSE:QTS) by 1,159.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 283,527 shares of the company’s stock after buying an additional 261,021 shares during the period. Principal Financial Group Inc. owned approximately 0.59% of QTS Realty Trust worth $15,872,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in QTS. Pacad Investment Ltd. purchased a new stake in QTS Realty Trust during the first quarter worth $265,000. Teachers Advisors Inc. increased its stake in QTS Realty Trust by 6.3% in the first quarter. Teachers Advisors Inc. now owns 42,310 shares of the company’s stock worth $2,005,000 after buying an additional 2,508 shares during the period. BlackRock Inc. increased its stake in QTS Realty Trust by 9.0% in the first quarter. BlackRock Inc. now owns 38,342 shares of the company’s stock worth $1,817,000 after buying an additional 3,179 shares during the period. BlackRock Group LTD increased its stake in QTS Realty Trust by 46.5% in the first quarter. BlackRock Group LTD now owns 375,686 shares of the company’s stock worth $17,801,000 after buying an additional 119,311 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in 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 period.
Shares of QTS Realty Trust Inc. (NYSE:QTS) traded down 0.44% during mid-day trading on Thursday, reaching $50.05. 37,749 shares of the company’s stock traded hands. The company’s 50 day moving average is $53.74 and its 200-day moving average is $52.70. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 96.44 and a beta of 0.34. QTS Realty Trust Inc. has a 52 week low of $40.50 and a 52 week high of $59.41.
QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $98.70 million for the quarter, compared to analysts’ expectations of $97.03 million. QTS Realty Trust had a net margin of 6.03% and a return on equity of 2.88%. The business’s quarterly revenue was up 44.9% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. Equities analysts expect that QTS Realty Trust Inc. will post $2.60 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 5th. Investors of record on Tuesday, September 20th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, September 16th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.86%. QTS Realty Trust’s payout ratio is 288.00%.
A number of equities research analysts have weighed in on QTS shares. Goldman Sachs Group Inc. started coverage on QTS Realty Trust in a research report on Tuesday, July 5th. They issued a “neutral” rating and a $57.00 target price for the company. Jefferies Group restated a “buy” rating and issued a $59.00 target price on shares of QTS Realty Trust in a research report on Wednesday, July 6th. Deutsche Bank AG upped their price target on QTS Realty Trust from $54.00 to $56.00 and gave the company a “hold” rating in a report on Monday, July 18th. Zacks Investment Research cut QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Finally, SunTrust Banks Inc. started coverage on QTS Realty Trust in a report on Thursday, July 21st. They issued a “buy” rating and a $65.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock 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.
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