HGI Capital Management LLC Invests $2.01 Million in QTS Realty Trust Inc (NYSE:QTS)

HGI Capital Management LLC purchased a new position in shares of QTS Realty Trust Inc (NYSE:QTS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,410 shares of the real estate investment trust’s stock, valued at approximately $2,005,000. HGI Capital Management LLC owned approximately 0.08% of QTS Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Nordea Investment Management AB acquired a new position in shares of QTS Realty Trust during the first quarter worth $4,716,000. Scout Investments Inc. grew its stake in shares of QTS Realty Trust by 65.2% in the second quarter. Scout Investments Inc. now owns 97,602 shares of the real estate investment trust’s stock worth $4,507,000 after purchasing an additional 38,508 shares during the last quarter. Amalgamated Bank grew its stake in shares of QTS Realty Trust by 39.9% in the fourth quarter. Amalgamated Bank now owns 7,130 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 2,034 shares during the last quarter. Timbercreek Investment Management Inc. grew its stake in shares of QTS Realty Trust by 17.1% in the first quarter. Timbercreek Investment Management Inc. now owns 403,255 shares of the real estate investment trust’s stock worth $18,142,000 after purchasing an additional 58,740 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC grew its stake in shares of QTS Realty Trust by 167.8% in the first quarter. Quantitative Systematic Strategies LLC now owns 24,120 shares of the real estate investment trust’s stock worth $1,085,000 after purchasing an additional 15,114 shares during the last quarter.

Shares of QTS Realty Trust stock traded up $0.68 during trading on Tuesday, hitting $46.21. The company’s stock had a trading volume of 10,074 shares, compared to its average volume of 413,164. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.63 and a current ratio of 0.63. QTS Realty Trust Inc has a 52 week low of $34.27 and a 52 week high of $47.13. The stock has a market capitalization of $2.52 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 2.17 and a beta of 0.61. The firm’s 50-day moving average is $45.52.

QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.58). The firm had revenue of $119.17 million for the quarter, compared to the consensus estimate of $114.53 million. QTS Realty Trust had a net margin of 6.19% and a return on equity of 2.99%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $0.64 EPS. Analysts predict that QTS Realty Trust Inc will post 2.28 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 25th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.76 dividend on an annualized basis and a yield of 3.81%. QTS Realty Trust’s dividend payout ratio (DPR) is currently 67.69%.

Several analysts recently weighed in on QTS shares. Raymond James raised shares of QTS Realty Trust from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Wednesday, July 31st. Zacks Investment Research cut shares of QTS Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Credit Suisse Group boosted their price objective on shares of QTS Realty Trust from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. ValuEngine cut shares of QTS Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $49.00 price objective on shares of QTS Realty Trust in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. QTS Realty Trust currently has an average rating of “Buy” and a consensus price target of $49.17.

In other QTS Realty Trust news, Director Stephen E. Westhead sold 5,135 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $46.26, for a total transaction of $237,545.10. Following the sale, the director now owns 12,054 shares of the company’s stock, valued at $557,618.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Chad L. Williams purchased 7,230 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were purchased at an average cost of $45.88 per share, for a total transaction of $331,712.40. Following the transaction, the chief executive officer now directly owns 397,787 shares of the company’s stock, valued at approximately $18,250,467.56. The disclosure for this purchase can be found here. Corporate insiders own 13.40% of the company’s stock.

QTS Realty Trust Company Profile

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

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