GW&K Investment Management LLC Acquires 111,615 Shares of QTS Realty Trust Inc (NYSE:QTS)

GW&K Investment Management LLC lifted its holdings in shares of QTS Realty Trust Inc (NYSE:QTS) by 13.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 917,988 shares of the real estate investment trust’s stock after purchasing an additional 111,615 shares during the quarter. GW&K Investment Management LLC’s holdings in QTS Realty Trust were worth $47,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of QTS. Zimmer Partners LP boosted its stake in shares of QTS Realty Trust by 12.6% during the 2nd 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. boosted its stake in shares of QTS Realty Trust by 3.4% during the 2nd 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 bought a new position in shares of QTS Realty Trust during the 2nd quarter worth approximately $10,682,000. Great Lakes Advisors LLC bought a new position in shares of QTS Realty Trust during the 2nd quarter worth approximately $6,917,000. Finally, Point72 Asset Management L.P. bought a new position in shares of QTS Realty Trust during the 2nd quarter worth approximately $4,944,000.

Several research analysts have recently commented on the company. JPMorgan Chase & Co. upgraded QTS Realty Trust from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $50.00 to $65.00 in a research note on Tuesday, October 29th. KeyCorp lifted their target price on QTS Realty Trust from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Morgan Stanley upgraded QTS Realty Trust from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $48.00 to $56.00 in a research note on Thursday, September 19th. ValuEngine downgraded QTS Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Credit Suisse Group boosted their price target on QTS Realty Trust from $46.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $56.44.

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QTS traded down $0.67 during trading on Friday, hitting $50.68. The stock had a trading volume of 885,363 shares, compared to its average volume of 459,900. The company has a 50 day moving average price of $52.19 and a 200-day moving average price of $47.82. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 2.52 and a beta of 0.54. QTS Realty Trust Inc has a one year low of $34.27 and a one year high of $55.13. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.95 and a quick ratio of 0.79.

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

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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Want to see what other hedge funds are holding QTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QTS Realty Trust Inc (NYSE:QTS).

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

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