BBVA USA Bancshares Inc. raised its holdings in shares of QTS Realty Trust Inc (NYSE:QTS) by 4.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,214 shares of the real estate investment trust’s stock after purchasing an additional 1,112 shares during the period. BBVA USA Bancshares Inc.’s holdings in QTS Realty Trust were worth $1,616,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in QTS. Sowell Financial Services LLC increased its position in shares of QTS Realty Trust by 151.2% during the first quarter. Sowell Financial Services LLC now owns 520 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 313 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of QTS Realty Trust during the first quarter valued at approximately $31,000. Van ECK Associates Corp increased its position in shares of QTS Realty Trust by 108.9% during the first quarter. Van ECK Associates Corp now owns 704 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 367 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of QTS Realty Trust during the first quarter valued at approximately $90,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of QTS Realty Trust during the first quarter valued at approximately $90,000.
Shares of QTS Realty Trust stock opened at $67.90 on Thursday. The company’s fifty day simple moving average is $64.39 and its 200-day simple moving average is $60.06. The stock has a market capitalization of $4.05 billion, a PE ratio of -234.14 and a beta of 0.52. QTS Realty Trust Inc has a 1-year low of $42.64 and a 1-year high of $68.96. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.38 and a quick ratio of 1.39.
QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.10. The business had revenue of $126.29 million for the quarter, compared to analysts’ expectations of $124.73 million. QTS Realty Trust had a net margin of 3.52% and a return on equity of 1.68%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 EPS. As a group, research analysts anticipate that QTS Realty Trust Inc will post 2.32 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Friday, June 19th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Thursday, June 18th. QTS Realty Trust’s dividend payout ratio (DPR) is 71.48%.
In related news, CEO Chad L. Williams sold 241,808 shares of QTS Realty Trust stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $65.15, for a total transaction of $15,753,791.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP William H. Schafer sold 20,000 shares of QTS Realty Trust stock in a transaction on Monday, May 11th. The shares were sold at an average price of $65.18, for a total transaction of $1,303,600.00. Following the transaction, the executive vice president now owns 16,307 shares in the company, valued at approximately $1,062,890.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 269,575 shares of company stock worth $17,556,188. 13.90% of the stock is owned by corporate insiders.
QTS has been the subject of several analyst reports. Zacks Investment Research downgraded shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Barclays began coverage on shares of QTS Realty Trust in a research report on Wednesday, July 15th. They set an “overweight” rating and a $73.00 price target for the company. Morgan Stanley raised their target price on shares of QTS Realty Trust from $58.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Deutsche Bank began coverage on shares of QTS Realty Trust in a report on Friday, June 5th. They issued a “hold” rating and a $69.00 target price on the stock. Finally, Raymond James cut shares of QTS Realty Trust from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.56.
QTS Realty Trust Company Profile
QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of data center solutions across a diverse footprint spanning more than 6 million square feet of owned mega scale data center space throughout North America. Through its software-defined technology platform, QTS is able to deliver secure, compliant infrastructure solutions, robust connectivity and premium customer service to leading hyperscale technology companies, enterprises, and government entities.
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