QTS Realty Trust Inc (NYSE:QTS) insider Jon D. Greaves sold 5,555 shares of QTS Realty Trust stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $45.55, for a total transaction of $253,030.25. Following the sale, the insider now owns 41,520 shares of the company’s stock, valued at $1,891,236. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

NYSE QTS opened at $45.84 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.31. QTS Realty Trust Inc has a one year low of $34.27 and a one year high of $46.96. The company has a market capitalization of $2.52 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 2.13 and a beta of 0.74.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Tuesday, June 25th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Monday, June 24th. QTS Realty Trust’s payout ratio is 67.69%.

Several hedge funds and other institutional investors have recently bought and sold shares of QTS. Bremer Trust National Association purchased a new position in shares of QTS Realty Trust in the fourth quarter valued at approximately $27,000. Bremer Bank National Association purchased a new position in shares of QTS Realty Trust in the first quarter valued at approximately $33,000. Pearl River Capital LLC purchased a new position in shares of QTS Realty Trust in the fourth quarter valued at approximately $44,000. Oppenheimer Asset Management Inc. purchased a new position in shares of QTS Realty Trust in the fourth quarter valued at approximately $48,000. Finally, First Hawaiian Bank boosted its stake in shares of QTS Realty Trust by 61.3% in the first quarter. First Hawaiian Bank now owns 1,116 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 424 shares during the period.

A number of brokerages have weighed in on QTS. BMO Capital Markets set a $49.00 price target on shares of QTS Realty Trust and gave the company a “buy” rating in a research report on Thursday, May 2nd. Zacks Investment Research raised shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of QTS Realty Trust in a research note on Tuesday, February 26th. Finally, ValuEngine raised shares of QTS Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $46.83.

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About QTS Realty Trust

QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of data center solutions across a diverse footprint spanning more than 6 million square feet of owned mega scale data center space throughout North America. Through its software-defined technology platform, QTS is able to deliver secure, compliant infrastructure solutions, robust connectivity and premium customer service to leading hyperscale technology companies, enterprises, and government entities.

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