Quantbot Technologies LP Acquires 3,838 Shares of QTS Realty Trust, Inc. (QTS)
Quantbot Technologies LP raised its holdings in QTS Realty Trust, Inc. (NYSE:QTS) by 752.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,348 shares of the real estate investment trust’s stock after buying an additional 3,838 shares during the period. Quantbot Technologies LP’s holdings in QTS Realty Trust were worth $227,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in QTS Realty Trust by 15.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,399 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 453 shares during the period. Teacher Retirement System of Texas purchased a new position in QTS Realty Trust in the 2nd quarter valued at approximately $200,000. PNC Financial Services Group Inc. boosted its position in QTS Realty Trust by 4,127.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,974 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 3,880 shares during the period. Harbor Advisors LLC purchased a new position in QTS Realty Trust in the 2nd quarter valued at approximately $209,000. Finally, GAM Holding AG boosted its position in QTS Realty Trust by 5.2% in the 2nd quarter. GAM Holding AG now owns 4,014 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 200 shares during the period.
Shares of QTS Realty Trust, Inc. (NYSE:QTS) traded down $0.06 during trading hours on Friday, reaching $55.60. 464,544 shares of the company traded hands, compared to its average volume of 445,690. QTS Realty Trust, Inc. has a 12-month low of $45.85 and a 12-month high of $61.55. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $2,882.20, a price-to-earnings ratio of 21.95, a P/E/G ratio of 1.10 and a beta of 0.48.
QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.59. QTS Realty Trust had a net margin of 4.67% and a return on equity of 2.10%. The firm had revenue of $113.77 million for the quarter, compared to analyst estimates of $113.64 million. During the same period last year, the business earned $0.67 EPS. QTS Realty Trust’s revenue for the quarter was up 10.0% compared to the same quarter last year. research analysts anticipate that QTS Realty Trust, Inc. will post 2.71 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Tuesday, December 5th will be paid a dividend of $0.39 per share. The ex-dividend date is Monday, December 4th. This represents a $1.56 annualized dividend and a yield of 2.81%. QTS Realty Trust’s dividend payout ratio is currently 380.50%.
A number of equities research analysts have recently weighed in on QTS shares. TheStreet upgraded shares of QTS Realty Trust from a “c” rating to a “b-” rating in a report on Tuesday, October 24th. Morgan Stanley restated an “equal weight” rating and issued a $58.00 price objective (up from $53.00) on shares of QTS Realty Trust in a report on Friday, August 25th. Royal Bank Of Canada restated a “buy” rating and issued a $60.00 price objective on shares of QTS Realty Trust in a report on Wednesday, September 6th. Credit Suisse Group set a $55.00 price objective on shares of QTS Realty Trust and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, Wells Fargo & Company raised their price objective on shares of QTS Realty Trust from $62.50 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, November 15th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. QTS Realty Trust has an average rating of “Buy” and an average target price of $58.57.
In other QTS Realty Trust news, COO James H. Reinhart sold 3,545 shares of QTS Realty Trust stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $55.22, for a total value of $195,754.90. Following the transaction, the chief operating officer now directly owns 74,837 shares in the company, valued at $4,132,499.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Daniel T. Bennewitz sold 9,144 shares of QTS Realty Trust stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $57.46, for a total transaction of $525,414.24. Following the completion of the transaction, the insider now owns 58,624 shares in the company, valued at $3,368,535.04. The disclosure for this sale can be found here. Insiders have sold a total of 28,246 shares of company stock worth $1,627,938 over the last quarter. 17.30% of the stock is owned by company insiders.
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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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