Spirit of America Management Corp NY raised its holdings in shares of QTS Realty Trust Inc (NYSE:QTS) by 10.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,800 shares of the real estate investment trust’s stock after buying an additional 6,800 shares during the period. Spirit of America Management Corp NY owned about 0.14% of QTS Realty Trust worth $3,366,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quantitative Systematic Strategies LLC boosted its position in QTS Realty Trust by 167.8% during the first quarter. Quantitative Systematic Strategies LLC now owns 24,120 shares of the real estate investment trust’s stock valued at $1,085,000 after buying an additional 15,114 shares during the period. Timbercreek Investment Management Inc. boosted its position in QTS Realty Trust by 17.1% during the first quarter. Timbercreek Investment Management Inc. now owns 403,255 shares of the real estate investment trust’s stock valued at $18,142,000 after buying an additional 58,740 shares during the period. First Hawaiian Bank boosted its position 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 valued at $50,000 after buying an additional 424 shares during the period. Norges Bank purchased a new stake in QTS Realty Trust during the fourth quarter valued at about $23,068,000. Finally, Amalgamated Bank boosted its position in QTS Realty Trust by 39.9% during the fourth quarter. Amalgamated Bank now owns 7,130 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 2,034 shares during the period. Institutional investors and hedge funds own 99.09% of the company’s stock.
Shares of QTS Realty Trust stock traded down $0.31 during trading on Wednesday, reaching $45.71. 2,264 shares of the stock were exchanged, compared to its average volume of 398,219. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.51. The firm has a market cap of $2.54 billion, a P/E ratio of 17.57, a P/E/G ratio of 2.02 and a beta of 0.75. QTS Realty Trust Inc has a 1 year low of $33.47 and a 1 year high of $46.96.
A number of research firms have recently weighed in on QTS. Zacks Investment Research upgraded shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th. ValuEngine upgraded shares of QTS Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Finally, Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of QTS Realty Trust in a report on Tuesday, February 26th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $46.67.
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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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