Land & Buildings Investment Management LLC Sells 49,389 Shares of QTS Realty Trust, Inc. (QTS)
Land & Buildings Investment Management LLC lowered its stake in shares of QTS Realty Trust, Inc. (NYSE:QTS) by 14.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 300,290 shares of the real estate investment trust’s stock after selling 49,389 shares during the period. QTS Realty Trust comprises about 4.0% of Land & Buildings Investment Management LLC’s portfolio, making the stock its 10th largest holding. Land & Buildings Investment Management LLC owned 0.62% of QTS Realty Trust worth $15,714,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of QTS Realty Trust by 5.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,946 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 157 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of QTS Realty Trust by 6.9% in the first quarter. UBS Asset Management Americas Inc. now owns 187,653 shares of the real estate investment trust’s stock worth $9,148,000 after buying an additional 12,094 shares during the last quarter. Karp Capital Management Corp purchased a new stake in shares of QTS Realty Trust in the first quarter worth about $241,000. Quantbot Technologies LP boosted its stake in shares of QTS Realty Trust by 211.1% in the first quarter. Quantbot Technologies LP now owns 3,326 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 2,257 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of QTS Realty Trust in the first quarter worth about $207,000.
QTS has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 target price on shares of QTS Realty Trust in a report on Friday, July 28th. Jefferies Group LLC reissued a “buy” rating and issued a $60.00 price target on shares of QTS Realty Trust in a report on Friday, June 9th. BidaskClub raised QTS Realty Trust from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. TheStreet lowered QTS Realty Trust from a “b-” rating to a “c” rating in a research report on Tuesday, July 25th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $58.00 price objective (up previously from $53.00) on shares of QTS Realty Trust in a research report on Friday, August 25th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $57.14.
In related news, CEO Chad L. Williams sold 682,576 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $54.25, for a total transaction of $37,029,748.00. Following the transaction, the chief executive officer now owns 236,526 shares of the company’s stock, valued at $12,831,535.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William H. Schafer sold 16,260 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $54.47, for a total value of $885,682.20. Following the transaction, the executive vice president now directly owns 67,735 shares in the company, valued at approximately $3,689,525.45. The disclosure for this sale can be found here. Insiders sold a total of 732,541 shares of company stock valued at $39,756,070 over the last three months. Insiders own 17.30% of the company’s stock.
QTS Realty Trust, Inc. (QTS) traded up 0.08% during mid-day trading on Wednesday, hitting $51.69. The stock had a trading volume of 180,198 shares. The stock has a 50-day moving average price of $53.40 and a 200 day moving average price of $52.17. QTS Realty Trust, Inc. has a 12-month low of $43.01 and a 12-month high of $56.23. The firm has a market cap of $2.52 billion, a P/E ratio of 131.86 and a beta of 0.45.
QTS Realty Trust (NYSE:QTS) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. QTS Realty Trust had a return on equity of 2.04% and a net margin of 4.60%. The company had revenue of $107.86 million for the quarter, compared to analysts’ expectations of $107.66 million. During the same quarter in the previous year, the firm posted $0.63 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Equities analysts anticipate that QTS Realty Trust, Inc. will post $0.45 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 22nd will be issued a $0.39 dividend. The ex-dividend date is Thursday, September 21st. This represents a $1.56 annualized dividend and a dividend yield of 3.02%. QTS Realty Trust’s dividend payout ratio is currently 390.00%.
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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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