Insider Selling: QTS Realty Trust, Inc. (QTS) COO Sells $195,754.90 in Stock
QTS Realty Trust, Inc. (NYSE:QTS) COO James H. Reinhart sold 3,545 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $55.22, for a total transaction of $195,754.90. Following the completion of the transaction, the chief operating officer now directly owns 74,837 shares in the company, valued at approximately $4,132,499.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
QTS Realty Trust, Inc. (NYSE:QTS) opened at 53.79 on Friday. QTS Realty Trust, Inc. has a 12-month low of $43.01 and a 12-month high of $56.23. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 137.22 and a beta of 0.47. The company’s 50 day moving average is $53.93 and its 200 day moving average is $51.91.
QTS Realty Trust (NYSE:QTS) last released its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.63. QTS Realty Trust had a net margin of 4.60% and a return on equity of 2.04%. The firm had revenue of $107.86 million for the quarter, compared to analysts’ expectations of $107.66 million. During the same quarter last year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts forecast that QTS Realty Trust, Inc. will post $0.45 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 22nd will be paid a $0.39 dividend. The ex-dividend date is Thursday, September 21st. This represents a $1.56 dividend on an annualized basis and a yield of 2.90%. QTS Realty Trust’s dividend payout ratio is currently 390.00%.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in QTS Realty Trust by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 7,041,576 shares of the real estate investment trust’s stock valued at $368,486,000 after acquiring an additional 30,800 shares during the period. BlackRock Inc. grew its stake in QTS Realty Trust by 3.6% in the 2nd quarter. BlackRock Inc. now owns 4,198,833 shares of the real estate investment trust’s stock valued at $219,723,000 after acquiring an additional 145,235 shares during the period. Morgan Stanley grew its stake in QTS Realty Trust by 12.3% in the 1st quarter. Morgan Stanley now owns 1,907,080 shares of the real estate investment trust’s stock valued at $92,970,000 after acquiring an additional 208,318 shares during the period. Brookfield Asset Management Inc. grew its stake in QTS Realty Trust by 7.8% in the 2nd quarter. Brookfield Asset Management Inc. now owns 1,672,745 shares of the real estate investment trust’s stock valued at $87,535,000 after acquiring an additional 120,695 shares during the period. Finally, Voya Investment Management LLC grew its stake in QTS Realty Trust by 7.1% in the 2nd quarter. Voya Investment Management LLC now owns 1,206,826 shares of the real estate investment trust’s stock valued at $63,153,000 after acquiring an additional 79,518 shares during the period.
A number of equities analysts have recently commented on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $60.00 price target on shares of QTS Realty Trust in a report on Wednesday, September 6th. Morgan Stanley reissued an “equal weight” rating and issued a $58.00 price target (up previously from $53.00) on shares of QTS Realty Trust in a report on Friday, August 25th. BidaskClub raised shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Deutsche Bank AG reissued a “hold” rating and issued a $52.00 price target (down previously from $53.00) on shares of QTS Realty Trust in a report on Friday, August 11th. Finally, Zacks Investment Research raised shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. QTS Realty Trust presently has a consensus rating of “Buy” and an average price target of $57.14.
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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