California Public Employees Retirement System increased its position in shares of QTS Realty Trust, Inc. (NYSE:QTS) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,500 shares of the real estate investment trust’s stock after acquiring an additional 300 shares during the period. California Public Employees Retirement System’s holdings in QTS Realty Trust were worth $654,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in QTS Realty Trust by 15.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,399 shares of the real estate investment trust’s stock worth $178,000 after acquiring an additional 453 shares during the period. Teacher Retirement System of Texas acquired a new position in QTS Realty Trust during the second quarter worth about $200,000. PNC Financial Services Group Inc. grew its holdings in QTS Realty Trust by 4,127.7% during the second quarter. PNC Financial Services Group Inc. now owns 3,974 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 3,880 shares during the period. GAM Holding AG grew its holdings in QTS Realty Trust by 5.2% during the second quarter. GAM Holding AG now owns 4,014 shares of the real estate investment trust’s stock worth $210,000 after acquiring an additional 200 shares during the period. Finally, Prudential Financial Inc. acquired a new position in QTS Realty Trust during the first quarter worth about $207,000.

A number of equities analysts recently weighed in on the company. Wells Fargo & Company increased their price target on QTS Realty Trust from $62.50 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday. Credit Suisse Group set a $55.00 price target on QTS Realty Trust and gave the company a “hold” rating in a research report on Tuesday, November 14th. J P Morgan Chase & Co increased their price target on QTS Realty Trust from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research lowered QTS Realty Trust from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Finally, SunTrust Banks, Inc. increased their price target on QTS Realty Trust from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. QTS Realty Trust has a consensus rating of “Buy” and an average target price of $58.21.

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In other QTS Realty Trust news, COO James H. Reinhart sold 3,545 shares of the firm’s stock in a transaction dated 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 sale, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jon D. Greaves sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $54.39, for a total value of $135,975.00. Following the sale, the insider now owns 24,717 shares of the company’s stock, valued at $1,344,357.63. The disclosure for this sale can be found here. Company insiders own 17.30% of the company’s stock.

Shares of QTS Realty Trust, Inc. (NYSE QTS) opened at $56.62 on Friday. QTS Realty Trust, Inc. has a 1 year low of $44.58 and a 1 year high of $61.55. The company has a market capitalization of $2,847.99, a PE ratio of 21.69, a price-to-earnings-growth ratio of 1.09 and a beta of 0.48. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.84 and a current ratio of 0.84.

QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.59. QTS Realty Trust had a return on equity of 2.10% and a net margin of 4.67%. The firm had revenue of $113.77 million during the quarter, compared to analyst estimates of $113.64 million. During the same period last year, the company posted $0.67 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. equities analysts predict that QTS Realty Trust, Inc. will post 2.71 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $1.56 dividend on an annualized basis and a yield of 2.76%. QTS Realty Trust’s payout ratio is presently 380.50%.

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. 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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Institutional Ownership by Quarter for QTS Realty Trust (NYSE:QTS)

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