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.