Insider Selling: QTS Realty Trust Inc (NYSE:QTS) Director Sells 60,000 Shares of Stock

QTS Realty Trust Inc (NYSE:QTS) Director Philip P. Trahanas sold 60,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $50.83, for a total transaction of $3,049,800.00. Following the completion of the transaction, the director now directly owns 15,633 shares of the company’s stock, valued at approximately $794,625.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NYSE:QTS traded up $0.67 during midday trading on Wednesday, reaching $51.23. The company’s stock had a trading volume of 27,574 shares, compared to its average volume of 462,447. The firm has a market capitalization of $2.80 billion, a PE ratio of 19.70, a P/E/G ratio of 2.37 and a beta of 0.54. QTS Realty Trust Inc has a twelve month low of $34.27 and a twelve month high of $55.13. The stock has a fifty day moving average of $52.18 and a 200 day moving average of $47.90. The company has a quick ratio of 0.79, a current ratio of 0.95 and a debt-to-equity ratio of 1.34.

QTS Realty Trust (NYSE:QTS) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.61). The business had revenue of $125.26 million during the quarter, compared to analyst estimates of $119.89 million. QTS Realty Trust had a return on equity of 4.05% and a net margin of 8.55%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. Sell-side analysts anticipate that QTS Realty Trust Inc will post 2.3 earnings per share for the current fiscal year.

A number of research analysts have issued reports on the stock. Morgan Stanley raised shares of QTS Realty Trust from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $48.00 to $56.00 in a report on Thursday, September 19th. BMO Capital Markets raised their price target on shares of QTS Realty Trust from $50.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Credit Suisse Group raised their price target on shares of QTS Realty Trust from $46.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $52.00 price target on shares of QTS Realty Trust in a report on Thursday, August 8th. Finally, Zacks Investment Research raised shares of QTS Realty Trust from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Saturday. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $56.44.

Several large investors have recently added to or reduced their stakes in QTS. Zimmer Partners LP increased its stake in shares of QTS Realty Trust by 12.6% in the second quarter. Zimmer Partners LP now owns 2,856,402 shares of the real estate investment trust’s stock worth $131,909,000 after acquiring an additional 320,000 shares during the period. Vanguard Group Inc. increased its stake in shares of QTS Realty Trust by 3.4% in the second quarter. Vanguard Group Inc. now owns 8,102,231 shares of the real estate investment trust’s stock worth $374,161,000 after acquiring an additional 263,072 shares during the period. RE Advisers Corp acquired a new stake in shares of QTS Realty Trust in the second quarter worth $10,682,000. Great Lakes Advisors LLC acquired a new stake in shares of QTS Realty Trust in the second quarter worth $6,917,000. Finally, GW&K Investment Management LLC increased its stake in shares of QTS Realty Trust by 13.8% in the third quarter. GW&K Investment Management LLC now owns 917,988 shares of the real estate investment trust’s stock worth $47,194,000 after acquiring an additional 111,615 shares during the period.

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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