Zimmer Partners LP decreased its stake in shares of QTS Realty Trust Inc Class A (NYSE:QTS) by 12.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 687,500 shares of the real estate investment trust’s stock after selling 100,000 shares during the quarter. Zimmer Partners LP owned about 1.35% of QTS Realty Trust Inc Class A worth $24,901,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Point72 Asia Hong Kong Ltd acquired a new position in shares of QTS Realty Trust Inc Class A during the 1st quarter worth about $148,000. Quantbot Technologies LP purchased a new position in shares of QTS Realty Trust Inc Class A during the 1st quarter worth approximately $187,000. Ellington Management Group LLC purchased a new position in shares of QTS Realty Trust Inc Class A during the 4th quarter worth approximately $222,000. Xact Kapitalforvaltning AB acquired a new stake in shares of QTS Realty Trust Inc Class A in the 4th quarter worth approximately $240,000. Finally, SG Americas Securities LLC grew its holdings in shares of QTS Realty Trust Inc Class A by 156.7% in the 1st quarter. SG Americas Securities LLC now owns 9,114 shares of the real estate investment trust’s stock worth $330,000 after acquiring an additional 5,564 shares during the period.
A number of equities research analysts have commented on QTS shares. ValuEngine cut QTS Realty Trust Inc Class A from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 8th. Zacks Investment Research raised QTS Realty Trust Inc Class A from a “sell” rating to a “hold” rating in a research report on Tuesday, May 1st. Credit Suisse Group set a $31.00 price objective on QTS Realty Trust Inc Class A and gave the company a “sell” rating in a research report on Saturday, March 17th. Goldman Sachs Group raised QTS Realty Trust Inc Class A from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Friday, March 16th. Finally, Moffett Nathanson began coverage on QTS Realty Trust Inc Class A in a research note on Monday, April 9th. They issued a “hold” rating and a $40.00 price target for the company. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $48.07.
In related news, CEO Chad L. Williams acquired 30,000 shares of the business’s stock in a transaction dated Thursday, May 31st. The stock was acquired at an average price of $37.68 per share, with a total value of $1,130,400.00. Following the completion of the transaction, the chief executive officer now owns 338,528 shares of the company’s stock, valued at $12,755,735.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven C. Bloom acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, May 23rd. The shares were bought at an average cost of $35.08 per share, with a total value of $35,080.00. Following the transaction, the insider now directly owns 22,826 shares of the company’s stock, valued at approximately $800,736.08. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 118,757 shares of company stock valued at $4,221,639. Company insiders own 16.10% of the company’s stock.
NYSE QTS opened at $39.50 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.42 and a current ratio of 0.42. 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 market cap of $2.02 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.80 and a beta of 0.60.
QTS Realty Trust Inc Class A (NYSE:QTS) last posted its quarterly earnings results on Monday, April 30th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). The company had revenue of $113.70 million for the quarter, compared to analysts’ expectations of $99.23 million. QTS Realty Trust Inc Class A had a negative net margin of 0.84% and a positive return on equity of 2.60%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 earnings per share. equities analysts expect that QTS Realty Trust Inc Class A will post 2.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 6th. Investors of record on Wednesday, June 20th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Tuesday, June 19th. QTS Realty Trust Inc Class A’s dividend payout ratio is presently 59.42%.
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 custom data center (C1), colocation (C2) and cloud and managed services (C3) provides flexible, scalable, secure IT solutions for web and IT applications.
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