PNC Financial Services Group Inc. reduced its stake in QTS Realty Trust Inc. (NYSE:QTS) by 8.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,130 shares of the company’s stock after selling 276 shares during the period. PNC Financial Services Group Inc.’s holdings in QTS Realty Trust were worth $175,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Credit Agricole S A boosted its position in QTS Realty Trust by 0.8% in the first quarter. Credit Agricole S A now owns 12,635 shares of the company’s stock valued at $599,000 after buying an additional 100 shares during the period. Forum Securities Ltd boosted its position in QTS Realty Trust by 0.9% in the second quarter. Forum Securities Ltd now owns 35,405 shares of the company’s stock valued at $1,982,000 after buying an additional 300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in QTS Realty Trust by 21.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,090 shares of the company’s stock valued at $117,000 after buying an additional 374 shares during the period. I.G. Investment Management LTD. raised its stake in shares of QTS Realty Trust by 1.9% in the second quarter. I.G. Investment Management LTD. now owns 44,400 shares of the company’s stock valued at $2,486,000 after buying an additional 814 shares in the last quarter. Finally, Moody Aldrich Partners LLC raised its stake in shares of QTS Realty Trust by 9.6% in the second quarter. Moody Aldrich Partners LLC now owns 12,235 shares of the company’s stock valued at $685,000 after buying an additional 1,070 shares in the last quarter.
QTS Realty Trust Inc. (NYSE:QTS) traded up 0.20% during midday trading on Friday, reaching $51.03. The company’s stock had a trading volume of 311,461 shares. QTS Realty Trust Inc. has a 52 week low of $40.50 and a 52 week high of $59.41. The stock has a market capitalization of $2.44 billion, a PE ratio of 98.32 and a beta of 0.34. The firm’s 50-day moving average price is $53.67 and its 200-day moving average price is $52.69.
QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The business had revenue of $98.70 million for the quarter, compared to analyst estimates of $97.03 million. QTS Realty Trust had a return on equity of 2.88% and a net margin of 6.03%. The company’s quarterly revenue was up 44.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 EPS. On average, analysts anticipate that QTS Realty Trust Inc. will post $2.60 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 20th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Friday, September 16th. QTS Realty Trust’s dividend payout ratio (DPR) is 288.00%.
Several analysts have issued reports on the company. Raymond James Financial Inc. assumed coverage on QTS Realty Trust in a research note on Friday. They issued an “outperform” rating for the company. Wells Fargo & Co. reaffirmed a “buy” rating on shares of QTS Realty Trust in a research note on Thursday, September 22nd. Jefferies Group cut their target price on QTS Realty Trust from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, August 11th. Zacks Investment Research raised QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Finally, SunTrust Banks Inc. assumed coverage on QTS Realty Trust in a research note on Thursday, July 21st. They issued a “buy” rating and a $65.00 target price for the company. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $56.44.
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. It operates through a portfolio of investments in over 20 data centers located primarily in the United States with others in Canada, Europe and the Asia-Pacific region.
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