Driehaus Capital Management LLC Has $2.36 Million Stake in QTS Realty Trust Inc (QTS)

Driehaus Capital Management LLC grew its position in QTS Realty Trust Inc (NYSE:QTS) by 55.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,608 shares of the real estate investment trust’s stock after purchasing an additional 15,565 shares during the period. Driehaus Capital Management LLC’s holdings in QTS Realty Trust were worth $2,362,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Picton Mahoney Asset Management purchased a new stake in QTS Realty Trust during the third quarter worth about $115,000. Opus Capital Group LLC purchased a new stake in QTS Realty Trust during the fourth quarter worth about $206,000. ETRADE Capital Management LLC purchased a new stake in QTS Realty Trust during the third quarter worth about $220,000. Quantbot Technologies LP increased its holdings in QTS Realty Trust by 752.5% during the third quarter. Quantbot Technologies LP now owns 4,348 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 3,838 shares during the last quarter. Finally, Worth Venture Partners LLC purchased a new stake in QTS Realty Trust during the third quarter worth about $267,000.

QTS Realty Trust Inc (NYSE:QTS) opened at $34.25 on Monday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.24. The firm has a market cap of $1,732.97, a PE ratio of 12.41, a price-to-earnings-growth ratio of 0.67 and a beta of 0.71. QTS Realty Trust Inc has a 1 year low of $31.58 and a 1 year high of $61.55.

QTS Realty Trust (NYSE:QTS) last issued its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The firm had revenue of $118.90 million during the quarter, compared to analyst estimates of $118.30 million. QTS Realty Trust had a net margin of 0.29% and a return on equity of 3.15%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business earned $0.64 earnings per share. sell-side analysts expect that QTS Realty Trust Inc will post 2.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 22nd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Wednesday, March 21st. This is a positive change from QTS Realty Trust’s previous quarterly dividend of $0.39. QTS Realty Trust’s dividend payout ratio (DPR) is currently 7,800.00%.

QTS has been the subject of a number of research analyst reports. Credit Suisse Group set a $55.00 price objective on shares of QTS Realty Trust and gave the stock a “hold” rating in a report on Tuesday, November 14th. Wells Fargo & Co raised their price objective on shares of QTS Realty Trust from $62.50 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, November 15th. Jefferies Group decreased their price objective on shares of QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating for the company in a report on Monday, November 20th. Zacks Investment Research downgraded shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Finally, Raymond James Financial downgraded shares of QTS Realty Trust from an “outperform” rating to an “underperform” rating in a report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $52.77.

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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. Its data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers.

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

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