QTS Realty Trust Inc (NYSE:QTS) EVP William H. Schafer sold 12,500 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $54.46, for a total value of $680,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of QTS Realty Trust Inc (NYSE:QTS) traded down $0.56 during trading hours on Friday, hitting $54.16. 203,209 shares of the stock were exchanged, compared to its average volume of 526,434. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.09. QTS Realty Trust Inc has a 1-year low of $46.32 and a 1-year high of $61.55. The stock has a market capitalization of $2,730.00, a PE ratio of 150.44, a price-to-earnings-growth ratio of 1.05 and a beta of 0.44.
QTS Realty Trust (NYSE:QTS) last released its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 EPS for the quarter, beating the consensus estimate of $0.11 by $0.59. The business had revenue of $113.77 million for the quarter, compared to analyst estimates of $113.64 million. QTS Realty Trust had a net margin of 4.67% and a return on equity of 2.10%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 earnings per share. equities research analysts forecast that QTS Realty Trust Inc will post 2.71 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on QTS shares. Credit Suisse Group set a $55.00 target price on QTS Realty Trust and gave the company a “hold” rating in a research report on Tuesday, November 14th. TheStreet raised shares of QTS Realty Trust from a “c” rating to a “b-” rating in a research note on Tuesday, October 24th. Royal Bank of Canada reissued a “buy” rating and issued a $60.00 target price on shares of QTS Realty Trust in a research note on Wednesday, September 6th. Wells Fargo & Co lifted their price target on shares of QTS Realty Trust from $62.50 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, November 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of QTS Realty Trust from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $59.00.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Prudential Financial Inc. lifted its stake in shares of QTS Realty Trust by 15,615.8% during the second quarter. Prudential Financial Inc. now owns 666,350 shares of the real estate investment trust’s stock valued at $34,870,000 after buying an additional 662,110 shares during the period. Scout Investments Inc. lifted its stake in shares of QTS Realty Trust by 14.3% during the second quarter. Scout Investments Inc. now owns 39,650 shares of the real estate investment trust’s stock valued at $2,075,000 after buying an additional 4,950 shares during the period. BlackRock Inc. lifted its stake in shares of QTS Realty Trust by 3.6% during the second quarter. BlackRock Inc. now owns 4,198,833 shares of the real estate investment trust’s stock valued at $219,723,000 after buying an additional 145,235 shares during the period. Copeland Capital Management LLC purchased a new position in shares of QTS Realty Trust during the third quarter valued at approximately $9,637,000. Finally, Emerald Mutual Fund Advisers Trust raised its stake in QTS Realty Trust by 25.7% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 501,781 shares of the real estate investment trust’s stock worth $26,273,000 after purchasing an additional 102,730 shares during the period.
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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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