The stock was sold at an average price of $55.22, for a total transaction of $195,754.90. Following the completion of the transaction, the insider now owns 24,717 shares in the company, valued at approximately $1,344,357.63.
Investors are more bearish recently if you put credence in the uptick in short interest. (QTS) traded down 0.41% during trading on Thursday, reaching $53.70. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 108.91 and a beta of 0.45.
Now turning toward the technical indicators, its current distance from 20-Day Simple Moving Average is -0.16% and moving 0.94% away from 50-Day Simple Moving Average while traded up 5.30% from 200-Day Simple Moving Average.
A few investment analysts have provided guidance on QTS Realty Trust, Inc. The dividend payment will be $0.390 per share for the quarter which comes to $1.56 on an annualized basis. QTS Realty Trust had a net margin of 4.60% and a return on equity of 2.04%. The company had revenue of $107.86 million during the quarter, compared to analyst estimates of $107.66 million. Next quarter's EPS is forecasted at $0.16 and the next full year EPS is projected to be $0.59. The firm's revenue for the quarter was up 9.3% compared to the same quarter previous year. Investors of record on Friday, September 22nd will be issued a $0.39 dividend. The ex-dividend date is Thursday, September 21st. The dividend yield will be $2.88. QTS Realty Trust's dividend payout ratio (DPR) is now 390.00%.
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A number of hedge funds have recently modified their holdings of the stock.
04/25/2017 - MUFG Securities began new coverage on QTS Realty Trust, Inc. giving the company a "overweight" rating. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,946 shares of the real estate investment trust's stock valued at $144,000 after purchasing an additional 157 shares in the last quarter. The rating was maintained by Stifel Nicolaus with "Buy" on Wednesday, September 13. BlackRock Inc. now owns 4,198,833 shares of the real estate investment trust's stock worth $219,723,000 after acquiring an additional 145,235 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of QTS Realty Trust by 211.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,249 shares of the company's stock valued at $261,000 after buying an additional 143 shares in the last quarter. Martingale Asset Management L P bought a new stake in QTS Realty Trust during the fourth quarter valued at about $288,000. Jefferies Group LLC reiterated a "buy" rating and issued a $60.00 target price on shares of QTS Realty Trust in a report on Friday, June 9th.
Analyst mean recommendation rating on a stock by the analyst community is at 1.90. The stock of QTS Realty Trust Inc (NYSE:QTS) has "Buy" rating given on Thursday, June 8 by RBC Capital Markets. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $58.00 target price (up from $53.00) on shares of QTS Realty Trust in a report on Friday, August 25th. QTS Realty Trust had 38 analyst reports since July 28, 2015 according to SRatingsIntel. Deutsche Bank downgraded the shares of QTS in report on Tuesday, January 5 to "Hold" rating. Finally, Zacks Investment Research upgraded QTS Realty Trust from a "sell" rating to a "hold" rating in a research report on Friday, July 28th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. (QTS), launched on May 17, 2013, is a provider of secure, compliant data center solutions, hybrid cloud and fully managed services.