Public Employees Retirement Association of Colorado held its position in QTS Realty Trust Inc. (NYSE:QTS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,100 shares of the company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado’s holdings in QTS Realty Trust were worth $13,777,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in QTS. BNP Paribas Arbitrage SA bought a new position in QTS Realty Trust during the second quarter valued at $117,000. Pacad Investment Ltd. bought a new position in QTS Realty Trust during the first quarter valued at $265,000. Barclays PLC raised its position in QTS Realty Trust by 50.5% in the first quarter. Barclays PLC now owns 5,676 shares of the company’s stock valued at $267,000 after buying an additional 1,904 shares during the last quarter. Bayesian Capital Management LP bought a new position in QTS Realty Trust during the first quarter valued at $322,000. Finally, Credit Agricole S A raised its position in QTS Realty Trust by 0.8% in the first quarter. Credit Agricole S A now owns 12,635 shares of the company’s stock valued at $599,000 after buying an additional 100 shares during the last quarter.
QTS Realty Trust Inc. (NYSE:QTS) traded up 0.82% on Thursday, hitting $52.69. The company had a trading volume of 156,834 shares. QTS Realty Trust Inc. has a one year low of $40.50 and a one year high of $59.41. The stock’s 50-day moving average price is $53.37 and its 200 day moving average price is $52.82. The company has a market capitalization of $2.52 billion, a P/E ratio of 101.52 and a beta of 0.34.
QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $98.70 million for the quarter, compared to analyst estimates of $97.03 million. QTS Realty Trust had a return on equity of 2.88% and a net margin of 6.03%. QTS Realty Trust’s quarterly revenue was up 44.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. On average, analysts expect that QTS Realty Trust Inc. will post $2.60 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Shareholders of record on Tuesday, September 20th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.76%. The ex-dividend date was Friday, September 16th. QTS Realty Trust’s payout ratio is presently 288.00%.
Several equities research analysts have issued reports on QTS shares. Deutsche Bank AG increased their price target on QTS Realty Trust from $54.00 to $56.00 and gave the stock a “hold” rating in a report on Monday, July 18th. Jefferies Group restated a “buy” rating and issued a $65.00 price target on shares of QTS Realty Trust in a report on Wednesday, July 27th. Raymond James Financial Inc. started coverage on QTS Realty Trust in a report on Friday, October 7th. They issued an “outperform” rating and a $60.00 price target for the company. Goldman Sachs Group Inc. started coverage on QTS Realty Trust in a report on Tuesday, July 5th. They issued a “neutral” rating and a $57.00 price target for the company. Finally, Zacks Investment Research upgraded QTS Realty Trust from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $56.82.
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. It operates through a portfolio of investments in over 20 data centers located primarily in the United States with others in Canada, Europe and the Asia-Pacific region.
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