QTS Realty Trust, Inc. (NYSE:QTS) Shares Sold by HGI Capital Management LLC

HGI Capital Management LLC reduced its position in shares of QTS Realty Trust, Inc. (NYSE:QTS) by 10.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,553 shares of the real estate investment trust’s stock after selling 9,402 shares during the period. QTS Realty Trust makes up approximately 5.2% of HGI Capital Management LLC’s holdings, making the stock its 7th largest position. HGI Capital Management LLC’s holdings in QTS Realty Trust were worth $4,215,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in QTS. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in QTS Realty Trust by 1.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 46,812 shares of the real estate investment trust’s stock worth $2,282,000 after buying an additional 537 shares in the last quarter. Goodwin Daniel L purchased a new stake in QTS Realty Trust during the first quarter worth approximately $487,000. Wells Fargo & Company MN boosted its stake in QTS Realty Trust by 4.5% in the first quarter. Wells Fargo & Company MN now owns 198,974 shares of the real estate investment trust’s stock worth $9,700,000 after buying an additional 8,490 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in QTS Realty Trust by 9.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,114 shares of the real estate investment trust’s stock worth $883,000 after buying an additional 1,557 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in QTS Realty Trust by 8.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 133,500 shares of the real estate investment trust’s stock worth $6,508,000 after buying an additional 10,000 shares in the last quarter.

QTS Realty Trust, Inc. (NYSE QTS) opened at 53.28 on Thursday. The firm has a market capitalization of $2.60 billion, a P/E ratio of 137.32 and a beta of 0.47. QTS Realty Trust, Inc. has a 1-year low of $43.01 and a 1-year high of $56.54. The stock’s 50 day moving average is $52.97 and its 200-day moving average is $51.36.

QTS Realty Trust (NYSE:QTS) last posted its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 EPS for the quarter, hitting the consensus estimate of $0.63. The company had revenue of $107.86 million during the quarter, compared to the consensus estimate of $107.66 million. QTS Realty Trust had a net margin of 4.60% and a return on equity of 2.04%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 earnings per share. Analysts forecast that QTS Realty Trust, Inc. will post $0.44 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 22nd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Thursday, September 21st. QTS Realty Trust’s payout ratio is presently 390.00%.

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QTS has been the subject of a number of research reports. BidaskClub upgraded QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 24th. TheStreet cut QTS Realty Trust from a “b-” rating to a “c” rating in a report on Tuesday, July 25th. Canaccord Genuity reiterated a “buy” rating and set a $59.00 target price on shares of QTS Realty Trust in a report on Tuesday, May 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 target price on shares of QTS Realty Trust in a report on Friday, June 9th. Finally, Zacks Investment Research upgraded QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $57.00.

In other news, Director Stephen E. Westhead sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $53.08, for a total transaction of $530,800.00. Following the completion of the sale, the director now directly owns 11,924 shares of the company’s stock, valued at $632,925.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen E. Westhead sold 1,217 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $50.25, for a total transaction of $61,154.25. Following the sale, the director now directly owns 1,924 shares of the company’s stock, valued at $96,681. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,217 shares of company stock valued at $1,167,914. 17.30% of the stock is currently owned by insiders.

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. Its data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers.

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

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