First Trust Advisors LP Reduces Holdings in QTS Realty Trust Inc Class A (NYSE:QTS)

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First Trust Advisors LP cut its holdings in QTS Realty Trust Inc Class A (NYSE:QTS) by 10.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,306 shares of the real estate investment trust’s stock after selling 2,202 shares during the quarter. First Trust Advisors LP’s holdings in QTS Realty Trust Inc Class A were worth $723,000 as of its most recent filing with the SEC.

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

A number of analysts recently commented on the stock. ValuEngine raised shares of QTS Realty Trust Inc Class A from a “strong sell” rating to a “sell” rating in a report on Monday, July 2nd. BMO Capital Markets set a $51.00 price target on shares of QTS Realty Trust Inc Class A and gave the company a “buy” rating in a report on Wednesday, July 25th. Stifel Nicolaus set a $48.00 price target on shares of QTS Realty Trust Inc Class A and gave the company a “buy” rating in a report on Tuesday, July 17th. Wells Fargo & Co upped their price target on shares of QTS Realty Trust Inc Class A from $38.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, July 18th. Finally, Zacks Investment Research downgraded shares of QTS Realty Trust Inc Class A from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. QTS Realty Trust Inc Class A currently has a consensus rating of “Hold” and an average price target of $48.73.

QTS stock traded down $0.33 on Friday, hitting $39.35. 490,816 shares of the company were exchanged, compared to its average volume of 626,202. QTS Realty Trust Inc Class A has a twelve month low of $31.58 and a twelve month high of $61.55. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 1.16 and a beta of 0.66.

QTS Realty Trust Inc Class A (NYSE:QTS) last issued its quarterly earnings results 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. QTS Realty Trust Inc Class A had a negative net margin of 2.90% and a positive return on equity of 1.46%. The firm had revenue of $102.55 million during the quarter, compared to analyst estimates of $101.79 million. During the same quarter in the prior year, the business posted $0.55 earnings per share. QTS Realty Trust Inc Class A’s revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, equities analysts forecast that QTS Realty Trust Inc Class A will post 2.19 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 4th. Investors of record on Thursday, September 20th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.17%. The ex-dividend date was Wednesday, September 19th. QTS Realty Trust Inc Class A’s dividend payout ratio (DPR) is 59.42%.

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

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.

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

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