QTS Realty Trust Inc (QTS) : Harbor Spring Capital reduced its stake in QTS Realty Trust Inc by 43.5% during the most recent quarter end. The investment management company now holds a total of 565,000 shares of QTS Realty Trust Inc which is valued at $28.9 Million after selling 435,000 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 7.06% of Harbor Spring Capital’s portfolio.
Other Hedge Funds, Including , I.g. Investment Management Ltd. boosted its stake in QTS in the latest quarter, The investment management firm added 282 additional shares and now holds a total of 43,586 shares of QTS Realty Trust Inc which is valued at $2.2 Million. QTS Realty Trust Inc makes up approx 0.01% of I.g. Investment Management Ltd.’s portfolio. United Capital Financial Advisers sold out all of its stake in QTS during the most recent quarter. The investment firm sold 7,445 shares of QTS which is valued $381,333. Balentine sold out all of its stake in QTS during the most recent quarter. The investment firm sold 300 shares of QTS which is valued $15,366.Hanseatic Management Services Inc reduced its stake in QTS by selling 96 shares or 28.92% in the most recent quarter. The Hedge Fund company now holds 236 shares of QTS which is valued at $12,154. Quantbot Technologies Lp sold out all of its stake in QTS during the most recent quarter. The investment firm sold 2,278 shares of QTS which is valued $110,301.
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.