General Atlantic Lowers stake in QTS Realty Trust Inc (QTS)

QTS Realty Trust Inc (QTS) : General Atlantic reduced its stake in QTS Realty Trust Inc by 82.58% during the most recent quarter end. The investment management company now holds a total of 302,895 shares of QTS Realty Trust Inc which is valued at $15.5 Million after selling 1,436,000 shares in QTS Realty Trust Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.QTS Realty Trust Inc makes up approximately 0.94% of General Atlantic’s portfolio.

Other Hedge Funds, Including , Citadel Advisors added QTS to its portfolio by purchasing 272,039 company shares during the most recent quarter which is valued at $13.9 Million. QTS Realty Trust Inc makes up approx 0.04% of Citadel Advisors’s portfolio.Manufacturers Life Insurance Company The boosted its stake in QTS in the latest quarter, The investment management firm added 999 additional shares and now holds a total of 119,266 shares of QTS Realty Trust Inc which is valued at $6.1 Million. QTS Realty Trust Inc makes up approx 0.01% of Manufacturers Life Insurance Company The’s portfolio.Nationwide Fund Advisors reduced its stake in QTS by selling 44 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 28,546 shares of QTS which is valued at $1.5 Million. QTS Realty Trust Inc makes up approx 0.01% of Nationwide Fund Advisors’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in QTS in the latest quarter, The investment management firm added 37,500 additional shares and now holds a total of 246,100 shares of QTS Realty Trust Inc which is valued at $11.9 Million. QTS Realty Trust Inc makes up approx 0.10% of Public Employees Retirement Association Of Colorado’s portfolio.Nisa Investment Advisors L.l.c. reduced its stake in QTS by selling 4,300 shares or 63.24% in the most recent quarter. The Hedge Fund company now holds 2,500 shares of QTS which is valued at $121,050.

QTS Realty Trust Inc closed down -0.03 points or -0.06% at $51.63 with 2,30,034 shares getting traded on Wednesday. Post opening the session at $51.73, the shares hit an intraday low of $50.82 and an intraday high of $51.73 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

Many Wall Street Analysts have commented on QTS Realty Trust Inc. QTS Realty Trust Inc was Downgraded by Stifel to ” Hold” on May 10, 2016. Company shares were Reiterated by Deutsche Bank on Mar 3, 2016 to “Hold”, Firm has raised the Price Target to $ 49 from a previous price target of $47 .

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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