Fisher Asset Management LLC purchased a new stake in QTS Realty Trust, Inc. (NYSE:QTS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,575 shares of the real estate investment trust’s stock, valued at approximately $1,130,000.

A number of other large investors have also bought and sold shares of QTS. Oppenheimer Asset Management Inc. purchased a new stake in shares of QTS Realty Trust during the 1st quarter worth about $113,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of QTS Realty Trust by 15.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,399 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 453 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of QTS Realty Trust during the 2nd quarter worth about $200,000. Prudential Financial Inc. acquired a new position in shares of QTS Realty Trust during the 1st quarter worth about $207,000. Finally, PNC Financial Services Group Inc. raised its position in shares of QTS Realty Trust by 4,127.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,974 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 3,880 shares during the last quarter.

Several research analysts recently weighed in on the stock. TheStreet upgraded shares of QTS Realty Trust from a “c” rating to a “b-” rating in a research report on Tuesday, October 24th. SunTrust Banks, Inc. upped their price target on shares of QTS Realty Trust from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Credit Suisse Group set a $55.00 price target on shares of QTS Realty Trust and gave the stock a “hold” rating in a research report on Thursday, October 26th. Zacks Investment Research downgraded shares of QTS Realty Trust from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, J P Morgan Chase & Co upped their price target on shares of QTS Realty Trust from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $57.85.

In other news, CEO Chad L. Williams sold 682,576 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $54.25, for a total value of $37,029,748.00. Following the completion of the transaction, the chief executive officer now owns 236,526 shares of the company’s stock, valued at $12,831,535.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jon D. Greaves sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $54.39, for a total transaction of $135,975.00. Following the completion of the transaction, the insider now directly owns 24,717 shares of the company’s stock, valued at approximately $1,344,357.63. The disclosure for this sale can be found here. In the last three months, insiders sold 732,541 shares of company stock valued at $39,756,070. Company insiders own 17.30% of the company’s stock.

Shares of QTS Realty Trust, Inc. (NYSE:QTS) opened at 56.95 on Tuesday. The stock has a 50 day moving average of $53.78 and a 200 day moving average of $52.95. The stock has a market cap of $2.78 billion, a PE ratio of 145.28 and a beta of 0.45. QTS Realty Trust, Inc. has a 1-year low of $43.01 and a 1-year high of $58.79.

QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.59. The business had revenue of $113.77 million during the quarter, compared to analyst estimates of $113.64 million. QTS Realty Trust had a net margin of 4.67% and a return on equity of 2.13%. The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 earnings per share. Equities research analysts forecast that QTS Realty Trust, Inc. will post $0.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Friday, September 22nd were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Thursday, September 21st. QTS Realty Trust’s dividend payout ratio is presently 380.50%.

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QTS Realty Trust Profile

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.

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

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