QTS Realty Trust Inc (NYSE:QTS) EVP William H. Schafer Sells 12,500 Shares of Stock

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.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, December 5th will be given a $0.39 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $1.56 annualized dividend and a dividend yield of 2.88%. QTS Realty Trust’s dividend payout ratio is presently 433.33%.

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.

COPYRIGHT VIOLATION NOTICE: “QTS Realty Trust Inc (NYSE:QTS) EVP William H. Schafer Sells 12,500 Shares of Stock” was published by Week Herald and is the sole property of of Week Herald. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://weekherald.com/2017/12/30/william-h-schafer-sells-12500-shares-of-qts-realty-trust-inc-qts-stock.html.

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.

Insider Buying and Selling by Quarter for QTS Realty Trust (NYSE:QTS)

Receive News & Ratings for QTS Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QTS Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply