Strs Ohio raised its stake in shares of QTS Realty Trust Inc Class A (NYSE:QTS) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 87,048 shares of the real estate investment trust’s stock after buying an additional 1,498 shares during the period. Strs Ohio owned about 0.17% of QTS Realty Trust Inc Class A worth $3,438,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp raised its stake in QTS Realty Trust Inc Class A by 5.7% during the second quarter. Bank of New York Mellon Corp now owns 372,853 shares of the real estate investment trust’s stock worth $14,729,000 after purchasing an additional 20,139 shares during the period. Rhumbline Advisers increased its stake in QTS Realty Trust Inc Class A by 7.0% during the 2nd quarter. Rhumbline Advisers now owns 59,001 shares of the real estate investment trust’s stock worth $2,331,000 after buying an additional 3,861 shares during the period. Washington Capital Management Inc. acquired a new position in QTS Realty Trust Inc Class A during the 2nd quarter worth approximately $433,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in QTS Realty Trust Inc Class A by 49.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,925 shares of the real estate investment trust’s stock worth $511,000 after acquiring an additional 4,300 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in QTS Realty Trust Inc Class A by 2.2% during the 2nd quarter. Sei Investments Co. now owns 200,826 shares of the real estate investment trust’s stock worth $7,933,000 after acquiring an additional 4,238 shares in the last quarter.

NYSE QTS traded up $0.20 during mid-day trading on Friday, hitting $46.05. The company’s stock had a trading volume of 464,691 shares, compared to its average volume of 279,186. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 1.23 and a beta of 0.65. QTS Realty Trust Inc Class A 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 0.81, a quick ratio of 0.94 and a current ratio of 0.94.

QTS Realty Trust Inc Class A (NYSE:QTS) last released its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.09. The business had revenue of $102.55 million during the quarter, compared to the consensus estimate of $101.79 million. QTS Realty Trust Inc Class A had a negative net margin of 2.90% and a positive return on equity of 1.46%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. sell-side analysts forecast that QTS Realty Trust Inc Class A will post 2.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 4th. Stockholders of record on Thursday, September 20th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Wednesday, September 19th. QTS Realty Trust Inc Class A’s dividend payout ratio (DPR) is 59.42%.

QTS has been the subject of several research analyst reports. Raymond James restated a “hold” rating on shares of QTS Realty Trust Inc Class A in a report on Monday, August 20th. Credit Suisse Group upgraded shares of QTS Realty Trust Inc Class A from an “underperform” rating to a “neutral” rating and upped their price target for the company from $30.00 to $42.00 in a research report on Wednesday, August 8th. BMO Capital Markets set a $51.00 price objective on shares of QTS Realty Trust Inc Class A and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Zacks Investment Research downgraded shares of QTS Realty Trust Inc Class A from a “hold” rating to a “strong sell” rating in a report on Saturday, July 21st. Finally, Wells Fargo & Co increased their price target on shares of QTS Realty Trust Inc Class A from $38.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $48.64.

In related news, Director Catherine R. Kinney acquired 1,400 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The shares were acquired at an average cost of $44.07 per share, for a total transaction of $61,698.00. Following the completion of the purchase, the director now directly owns 11,657 shares in the company, valued at $513,723.99. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen E. Westhead sold 1,924 shares of QTS Realty Trust Inc Class A stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $46.25, for a total transaction of $88,985.00. Following the sale, the director now owns 5,014 shares in the company, valued at $231,897.50. The disclosure for this sale can be found here. Insiders own 16.10% of the company’s stock.

About QTS Realty Trust Inc Class A

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 hyperscale and hybrid colocation provide flexible, scalable, secure IT solutions for web and IT applications.

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

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