American Assets Capital Advisers Lowers stake in QTS Realty Trust Inc (QTS)

QTS Realty Trust Inc (QTS) : American Assets Capital Advisers reduced its stake in QTS Realty Trust Inc by 12.3% during the most recent quarter end. The investment management company now holds a total of 146,100 shares of QTS Realty Trust Inc which is valued at $7,943,457 after selling 20,483 shares in QTS Realty Trust Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.QTS Realty Trust Inc makes up approximately 4.98% of American Assets Capital Advisers’s portfolio.

Other Hedge Funds, Including , Dynamic Technology Lab Private Ltd reduced its stake in QTS by selling 4,132 shares or 42.45% in the most recent quarter. The Hedge Fund company now holds 5,602 shares of QTS which is valued at $304,581. QTS Realty Trust Inc makes up approx 0.08% of Dynamic Technology Lab Private Ltd’s portfolio.Hanseatic Management Services Inc boosted its stake in QTS in the latest quarter, The investment management firm added 169 additional shares and now holds a total of 405 shares of QTS Realty Trust Inc which is valued at $21,785. QTS Realty Trust Inc makes up approx 0.01% of Hanseatic Management Services Inc’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in QTS in the latest quarter, The investment management firm added 1,844 additional shares and now holds a total of 7,736 shares of QTS Realty Trust Inc which is valued at $421,767. QTS Realty Trust Inc makes up approx 0.01% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio. Insight Capital Research Management Inc sold out all of its stake in QTS during the most recent quarter. The investment firm sold 47,679 shares of QTS which is valued $2,682,897. Creative Planning added QTS to its portfolio by purchasing 48 company shares during the most recent quarter which is valued at $2,701.

QTS Realty Trust Inc opened for trading at $53.5 and hit $53.86 on the upside on Friday, eventually ending the session at $53.86, with a gain of 0.58% or 0.31 points. The heightened volatility saw the trading volume jump to 2,23,600 shares. Company has a market cap of $2,577 M.

On the company’s financial health, QTS Realty Trust Inc reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.63. The company had revenue of $94.80 million for the quarter, compared to analysts expectations of $94.45 million. The company’s revenue was up 54.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Investors should note that on Aug 3, 2016, QTS Realty Trust Inc announced a cash dividend of $0.3600. The company’s management has announced Sep 16, 2016 as the ex-dividend date and fixed the record date on Sep 20, 2016. The payable date has been fixed on Oct 5, 2016.

Many Wall Street Analysts have commented on QTS Realty Trust Inc. QTS Realty Trust Inc was Initiated by Goldman to “Neutral” on Jul 5, 2016. Canaccord Genuity Initiated QTS Realty Trust Inc on Jun 7, 2016 to “Buy”, Price Target of the shares are set at $63.QTS Realty Trust Inc was Initiated by Wells Fargo to “Outperform” on Jun 1, 2016.

QTS Realty Trust Inc. (QTS) is an owner developer and operator of carrier-neutral and multi-tenant data centers. The Company’s data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers. The Company has an integrated platform through which it owns and operates its data centers and provides a range of IT infrastructure solutions. Its spectrum of core data center products referred to as 3Cs which consists of Custom Data Center Colocation and Cloud and Managed Services. The Company operates a portfolio of over 12 data centers across approximately eight states. The Company’s data centers facilities used by its customers to house power and cool the networking equipment and computer systems that support their business processes. QTS’s customers include financial institutions healthcare companies Government agencies communications service providers software companies and Internet companies.

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