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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Sep. 1, 10:04 AM

Slide #24. QTS Realty Trust, Inc. Secondary Offering

Company: QTS Realty Trust, Inc. (NYSE:QTS)
Date announced: 8/10/2015
Shares Offered: 2,400,000
Date of Pricing: 8/11/2015
Price Per Share: $42.12
Secondary Offering Details: QTS Realty Trust, Inc. (the "Company") (NYSE: QTS) today announced the commencement of an underwritten public offering of 2,400,000 shares of its Class A common stock by a selling stockholder affiliated with General Atlantic LLC. The Company will not receive any proceeds from this offering. The selling stockholder has granted the underwriter a 30-day option to purchase an aggregate of up to an additional 360,000 shares of common stock. -updated 8/11 - QTS Realty Trust, Inc. (the "Company") (NYSE: QTS) today announced the pricing of an underwritten public offering of 2,400,000 shares of its Class A common stock by a selling stockholder affiliated with General Atlantic LLC. The selling stockholder has also granted the underwriter a 30-day option to purchase an aggregate of up to an additional 360,000 shares of common stock. The underwriter may offer the shares of common stock from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The Company will not receive any proceeds from this offering. The last reported sale price of the Company's Class A common stock on August 10, 2015 was $42.12 per share. The shares are expected to be delivered on or about August 14, 2015, subject to customary closing conditions.

QTS Realty Trust is a holding company. Co. conducts its operations through its operating partnership, QualityTech, LP. Co. is an owner, developer and operator of multi-tenant data centers. Co.'s data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers. Co. has a platform through which it owns and operates its data centers and provide a range of information technology infrastructure solutions. Co. categorizes its core data center products into Custom Data Center, Colocation and Cloud and Managed Services. At Dec 31 2014, Co. operated a portfolio of 12 data centers across eight states in the U.S.
Open the QTS Page at The Online Investor »

Company Name:  QTS Realty Trust Inc
Website:  www.qtsdatacenters.com
Sector:  REITs
Number of ETFs Holding QTS:  20
Total Market Value Held by ETFs:  $30.49M
Total Market Capitalization:  $1.44B
% of Market Cap. Held by ETFs:  2.13%
 

Open the QTS Page at The Online Investor (in a new window) »

September 1, 2015    10:04 AM Eastern
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Strong Buy (3.71 out of 4)
79th percentile
(ranked higher than approx. 79% of all stocks covered)
Based on Zacks ABR data;
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