Eii Capital Management Inc. Sells 700 Shares of QTS Realty Trust Inc (NYSE:QTS)

Eii Capital Management Inc. lessened its position in shares of QTS Realty Trust Inc (NYSE:QTS) by 10.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,823 shares of the real estate investment trust’s stock after selling 700 shares during the period. Eii Capital Management Inc.’s holdings in QTS Realty Trust were worth $269,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bremer Bank National Association bought a new position in QTS Realty Trust during the first quarter worth $33,000. First Hawaiian Bank raised its stake in QTS Realty Trust by 61.3% during the first quarter. First Hawaiian Bank now owns 1,116 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 424 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in QTS Realty Trust by 22.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 1,581 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 295 shares during the last quarter. Hilton Capital Management LLC bought a new position in QTS Realty Trust during the first quarter worth $93,000. Finally, Fort Washington Investment Advisors Inc. OH bought a new position in QTS Realty Trust during the first quarter worth $211,000.

In related news, CEO Chad L. Williams purchased 7,230 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was purchased at an average cost of $45.88 per share, with a total value of $331,712.40. Following the completion of the purchase, the chief executive officer now owns 397,787 shares in the company, valued at approximately $18,250,467.56. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen E. Westhead sold 5,135 shares of QTS Realty Trust 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 completion of the sale, the director now directly owns 12,054 shares of the company’s stock, valued at $557,618.04. The disclosure for this sale can be found here. Insiders own 13.40% of the company’s stock.

QTS traded up $0.33 during midday trading on Tuesday, hitting $45.06. The company had a trading volume of 231,070 shares, compared to its average volume of 455,084. QTS Realty Trust Inc has a 52 week low of $34.27 and a 52 week high of $47.13. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.31. The stock has a market cap of $2.47 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 2.10 and a beta of 0.63. The stock’s 50 day simple moving average is $45.65.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 25th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Monday, June 24th. QTS Realty Trust’s dividend payout ratio (DPR) is currently 67.69%.

A number of brokerages recently weighed in on QTS. BMO Capital Markets raised shares of TMAC Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 2nd. ValuEngine raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. QTS Realty Trust has a consensus rating of “Buy” and a consensus price target of $48.20.

QTS Realty Trust 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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