First Trust Advisors LP Has $835,000 Stake in QTS Realty Trust, Inc. (QTS)
First Trust Advisors LP lessened its stake in shares of QTS Realty Trust, Inc. (NYSE:QTS) by 24.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,952 shares of the real estate investment trust’s stock after selling 5,059 shares during the quarter. First Trust Advisors LP’s holdings in QTS Realty Trust were worth $835,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of QTS Realty Trust during the first quarter worth approximately $113,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in QTS Realty Trust by 5.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,946 shares of the real estate investment trust’s stock worth $144,000 after acquiring an additional 157 shares in the last quarter. Quantbot Technologies LP raised its position in QTS Realty Trust by 211.1% in the first quarter. Quantbot Technologies LP now owns 3,326 shares of the real estate investment trust’s stock worth $162,000 after acquiring an additional 2,257 shares in the last quarter. Prudential Financial Inc. purchased a new position in QTS Realty Trust in the first quarter worth $207,000. Finally, Karp Capital Management Corp purchased a new position in QTS Realty Trust in the first quarter worth $241,000.
QTS Realty Trust, Inc. (QTS) opened at 51.62 on Friday. The stock has a 50 day moving average price of $53.96 and a 200-day moving average price of $51.95. QTS Realty Trust, Inc. has a 12 month low of $43.01 and a 12 month high of $56.23. The stock has a market cap of $2.52 billion, a PE ratio of 131.68 and a beta of 0.47.
QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, meeting the consensus estimate of $0.63. The firm had revenue of $107.86 million for the quarter, compared to analyst estimates of $107.66 million. QTS Realty Trust had a return on equity of 2.04% and a net margin of 4.60%. QTS Realty Trust’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 earnings per share. On average, analysts expect that QTS Realty Trust, Inc. will post $0.45 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 22nd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.02%. The ex-dividend date is Thursday, September 21st. QTS Realty Trust’s payout ratio is 390.00%.
In other QTS Realty Trust news, COO James H. Reinhart sold 3,545 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $55.22, for a total value of $195,754.90. Following the transaction, the chief operating officer now owns 74,837 shares in the company, valued at $4,132,499.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Chad L. Williams sold 682,576 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $54.25, for a total value of $37,029,748.00. Following the completion of the transaction, the chief executive officer now owns 236,526 shares in the company, valued at approximately $12,831,535.50. The disclosure for this sale can be found here. Insiders have sold 732,541 shares of company stock worth $39,756,070 over the last three months. 17.30% of the stock is owned by insiders.
Several research analysts have issued reports on QTS shares. Jefferies Group LLC reiterated a “buy” rating and issued a $60.00 price objective on shares of QTS Realty Trust in a research report on Friday, June 9th. BidaskClub cut QTS Realty Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Credit Suisse Group started coverage on QTS Realty Trust in a research report on Friday, June 30th. They issued a “neutral” rating and a $54.00 price objective for the company. Zacks Investment Research cut QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, TheStreet cut QTS Realty Trust from a “b-” rating to a “c” rating in a research report on Tuesday, July 25th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $57.14.
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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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