Xact Kapitalforvaltning AB purchased a new stake in shares of QTS Realty Trust (NYSE:QTS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,423 shares of the real estate investment trust’s stock, valued at approximately $240,000.
Other hedge funds have also made changes to their positions in the company. Opus Capital Group LLC acquired a new position in QTS Realty Trust during the fourth quarter valued at approximately $206,000. Ellington Management Group LLC acquired a new position in QTS Realty Trust during the fourth quarter valued at approximately $222,000. Cubist Systematic Strategies LLC acquired a new position in QTS Realty Trust during the third quarter valued at approximately $298,000. AMP Capital Investors Ltd lifted its position in QTS Realty Trust by 12.7% during the third quarter. AMP Capital Investors Ltd now owns 7,994 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 900 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in QTS Realty Trust by 142.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,232 shares of the real estate investment trust’s stock valued at $446,000 after buying an additional 4,833 shares in the last quarter.
A number of research analysts have weighed in on QTS shares. Zacks Investment Research cut shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Credit Suisse Group cut shares of QTS Realty Trust from a “neutral” rating to an “underperform” rating and set a $43.00 price target on the stock. in a research report on Wednesday, January 17th. SunTrust Banks reaffirmed a “buy” rating on shares of QTS Realty Trust in a research report on Thursday, February 22nd. Raymond James Financial cut shares of QTS Realty Trust from an “outperform” rating to an “underperform” rating in a research report on Wednesday, February 21st. Finally, Bank of America reduced their price target on shares of QTS Realty Trust from $62.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $50.40.
QTS opened at $35.54 on Monday. The company has a market cap of $1,778.51, a PE ratio of 12.88, a PEG ratio of 0.68 and a beta of 0.58. QTS Realty Trust has a 52-week low of $31.58 and a 52-week high of $61.55. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.49 and a current ratio of 0.49.
QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The company had revenue of $118.90 million for the quarter, compared to analyst estimates of $118.30 million. QTS Realty Trust had a net margin of 0.29% and a return on equity of 3.15%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 earnings per share. equities research analysts predict that QTS Realty Trust will post 2.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Thursday, March 22nd were paid a dividend of $0.41 per share. The ex-dividend date was Wednesday, March 21st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.61%. This is a positive change from QTS Realty Trust’s previous quarterly dividend of $0.39. QTS Realty Trust’s dividend payout ratio (DPR) is currently 59.42%.
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QTS Realty Trust 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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