Citadel Advisors LLC raised its stake in QTS Realty Trust, Inc. (NYSE:QTS) by 332.2% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,161,956 shares of the real estate investment trust’s stock after buying an additional 893,119 shares during the period. Citadel Advisors LLC owned approximately 2.43% of QTS Realty Trust worth $56,645,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new position in QTS Realty Trust during the fourth quarter valued at about $124,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 valued at $144,000 after buying an additional 157 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of QTS Realty Trust during the first quarter valued at approximately $156,000. Quantbot Technologies LP increased its stake in shares of 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 valued at $162,000 after buying an additional 2,257 shares in the last quarter. Finally, PEAK6 Investments L.P. acquired a new stake in shares of QTS Realty Trust during the fourth quarter valued at about $207,000.
QTS Realty Trust, Inc. (QTS) traded up 0.61% on Monday, reaching $52.42. The company’s stock had a trading volume of 278,080 shares. The company has a market cap of $2.52 billion, a P/E ratio of 124.51 and a beta of 0.47. The stock’s 50 day moving average price is $51.67 and its 200 day moving average price is $50.33. QTS Realty Trust, Inc. has a 12 month low of $43.01 and a 12 month high of $59.41.
QTS Realty Trust (NYSE:QTS) last announced its earnings results on Monday, May 1st. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. QTS Realty Trust had a net margin of 4.96% and a return on equity of 2.14%. The company had revenue of $106 million during the quarter, compared to analyst estimates of $105.36 million. During the same period in the previous year, the business earned $0.68 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts forecast that QTS Realty Trust, Inc. will post $0.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Friday, June 16th will be given a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.56 annualized dividend and a yield of 2.98%. QTS Realty Trust’s dividend payout ratio (DPR) is presently 371.44%.
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QTS has been the topic of several research reports. Macquarie reaffirmed a “buy” rating and issued a $55.00 target price on shares of QTS Realty Trust in a research report on Thursday, April 6th. Jefferies Group LLC reissued a “buy” rating and set a $62.00 price objective on shares of QTS Realty Trust in a report on Monday, March 27th. Stifel Nicolaus increased their price objective on QTS Realty Trust from $55.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 23rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $59.00 target price on shares of QTS Realty Trust in a report on Tuesday, May 2nd. Finally, Deutsche Bank AG raised their price objective on QTS Realty Trust from $49.00 to $51.00 and gave the stock a “hold” rating in a research report on Tuesday, April 18th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. QTS Realty Trust has a consensus rating of “Buy” and a consensus target price of $57.42.
In other QTS Realty Trust news, Director Stephen E. Westhead sold 1,217 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $50.25, for a total value of $61,154.25. Following the completion of the sale, the director now directly owns 1,924 shares of the company’s stock, valued at $96,681. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen E. Westhead sold 1,600 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $49.74, for a total transaction of $79,584.00. Following the completion of the sale, the director now directly owns 3,641 shares of the company’s stock, valued at $181,103.34. The disclosure for this sale can be found here. Insiders sold 24,317 shares of company stock valued at $1,272,373 over the last quarter. 17.30% of the stock is owned by company insiders.
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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