Today, Honeywell International Inc. Reduced the position of QTS Realty Trust Inc. (QTS)

Today, Honeywell International Inc. Reduced the position of QTS Realty Trust Inc. (QTS)
Honeywell International Inc. cut its position in shares of QTS Realty Trust Inc. (NYSE:QTS) by 16.8% during the third quarter, Holdings Channel reports. The institutional investor owned 25,730 shares of the company’s stock after selling 5,200 shares during the period. Honeywell International Inc. owned approximately 0.05% of QTS Realty Trust worth $1,360,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in QTS. First Trust Advisors LP increased its stake in QTS Realty Trust by 32.4% in the third quarter. First Trust Advisors LP now owns 57,942 shares of the company’s stock worth $3,062,000 after buying an additional 14,164 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its position in QTS Realty Trust by 30.6% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 11,803 shares of the company’s stock worth $624,000 after buying an additional 2,765 shares during the last quarter. Peregrine Capital Management LLC acquired a new position in QTS Realty Trust during the third quarter worth about $27,708,000. Sumitomo Mitsui Asset Management Company LTD acquired a new position in QTS Realty Trust during the third quarter worth about $918,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in QTS Realty Trust by 1.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 34,658 shares of the company’s stock worth $1,832,000 after buying an additional 490 shares during the last quarter. Institutional investors and hedge funds own 98.69% of the company’s stock.

QTS Realty Trust Inc. (NYSE:QTS) traded up 1.14% on Friday, hitting $47.73. The stock had a trading volume of 105,219 shares. The company has a 50-day moving average price of $48.39 and a 200-day moving average price of $52.61. QTS Realty Trust Inc. has a 52 week low of $40.50 and a 52 week high of $59.41. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 101.77 and a beta of 0.46.

QTS Realty Trust (NYSE:QTS) last announced its earnings results on Tuesday, October 25th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.03. The business earned $103.50 million during the quarter, compared to analyst estimates of $46.02 million. QTS Realty Trust had a return on equity of 2.53% and a net margin of 5.47%. QTS Realty Trust’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. Equities research analysts anticipate that QTS Realty Trust Inc. will post $2.60 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Friday, December 16th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.02%. The ex-dividend date is Wednesday, December 14th. QTS Realty Trust’s dividend payout ratio is currently 320.00%.

A number of research analysts have issued reports on QTS shares. TheStreet raised QTS Realty Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, October 25th. Raymond James Financial Inc. started coverage on QTS Realty Trust in a research note on Friday, October 7th. They issued an “outperform” rating and a $60.00 target price for the company. Zacks Investment Research raised QTS Realty Trust from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Wednesday, October 12th. Jefferies Group decreased their target price on QTS Realty Trust from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Thursday, August 11th. Finally, Wells Fargo & Co. reissued a “buy” rating on shares of QTS Realty Trust in a research note on Thursday, September 22nd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $57.60.

In related news, insider Jeffrey H. Berson bought 3,300 shares of the stock in a transaction that occurred on Friday, November 4th. The stock was acquired at an average cost of $45.00 per share, with a total value of $148,500.00. Following the transaction, the insider now directly owns 56,556 shares in the company, valued at $2,545,020. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 17.30% of the company’s stock.

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. It operates through a portfolio of investments in over 20 data centers located primarily in the United States with others in Canada, Europe and the Asia-Pacific region.

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