Legal & General Group Plc boosted its holdings in QTS Realty Trust Inc Class A (NYSE:QTS) by 0.9% in the second quarter, Holdings Channel reports. The institutional investor owned 162,768 shares of the real estate investment trust’s stock after buying an additional 1,487 shares during the period. Legal & General Group Plc’s holdings in QTS Realty Trust Inc Class A were worth $6,429,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of QTS. Point72 Asia Hong Kong Ltd bought a new position in QTS Realty Trust Inc Class A in the 1st quarter valued at approximately $148,000. Quantbot Technologies LP bought a new position in QTS Realty Trust Inc Class A during the 1st quarter worth approximately $187,000. WINTON GROUP Ltd bought a new position in QTS Realty Trust Inc Class A during the 1st quarter worth approximately $204,000. Commonwealth Equity Services LLC bought a new position in QTS Realty Trust Inc Class A during the 2nd quarter worth approximately $221,000. Finally, Xact Kapitalforvaltning AB raised its holdings in QTS Realty Trust Inc Class A by 54.3% during the 1st quarter. Xact Kapitalforvaltning AB now owns 6,823 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 2,400 shares during the last quarter.

In other QTS Realty Trust Inc Class A news, Director Catherine R. Kinney purchased 1,400 shares of QTS Realty Trust Inc Class A stock in a transaction that occurred on Monday, August 6th. The stock was acquired at an average price of $44.07 per share, with a total value of $61,698.00. Following the transaction, the director now owns 11,657 shares in the company, valued at approximately $513,723.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen E. Westhead sold 1,924 shares of QTS Realty Trust Inc Class A stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $46.25, for a total transaction of $88,985.00. Following the completion of the sale, the director now directly owns 5,014 shares of the company’s stock, valued at approximately $231,897.50. The disclosure for this sale can be found here. Company insiders own 16.10% of the company’s stock.

Shares of QTS stock opened at $45.74 on Wednesday. The company has a market cap of $2.35 billion, a PE ratio of 16.57, a P/E/G ratio of 1.25 and a beta of 0.65. QTS Realty Trust Inc Class A has a 52 week low of $31.58 and a 52 week high of $61.55. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.94 and a quick ratio of 0.94.

QTS Realty Trust Inc Class A (NYSE:QTS) last announced its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.64 EPS for the quarter, topping the consensus estimate of $0.55 by $0.09. The company had revenue of $102.55 million during the quarter, compared to the consensus estimate of $101.79 million. QTS Realty Trust Inc Class A had a negative net margin of 2.90% and a positive return on equity of 1.46%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS. sell-side analysts expect that QTS Realty Trust Inc Class A will post 2.19 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 4th. Stockholders of record on Thursday, September 20th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Wednesday, September 19th. QTS Realty Trust Inc Class A’s dividend payout ratio (DPR) is 59.42%.

QTS has been the subject of several analyst reports. Raymond James restated a “hold” rating on shares of QTS Realty Trust Inc Class A in a report on Monday, August 20th. Credit Suisse Group upgraded shares of QTS Realty Trust Inc Class A from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $30.00 to $42.00 in a report on Wednesday, August 8th. Zacks Investment Research lowered shares of QTS Realty Trust Inc Class A from a “hold” rating to a “strong sell” rating in a report on Saturday, July 21st. BMO Capital Markets initiated coverage on shares of QTS Realty Trust Inc Class A in a report on Tuesday, July 17th. They set an “outperform” rating and a $51.00 price target for the company. Finally, Wells Fargo & Co raised their price target on shares of QTS Realty Trust Inc Class A from $38.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $48.64.

QTS Realty Trust Inc Class A Company Profile

QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of secure, compliant data center solutions, hybrid cloud and fully managed services. QTS' integrated technology service platform of hyperscale and hybrid colocation provide flexible, scalable, secure IT solutions for web and IT applications.

Read More: Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for QTS Realty Trust Inc Class A (NYSE:QTS)

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