Salem Investment Counselors Raised Abbvie (ABBV) Stake By $462,444; QTS Realty Trust (QTS) Sentiment Is 1.9

February 19, 2018 - By Migdalia James

QTS Realty Trust, Inc. focuses on the ownership, development, and operation of carrier-neutral data centers in the United States. The company has market cap of $2.55 billion.

Salem Investment Counselors Inc increased Abbvie Inc. (ABBV) stake by 5.6% reported in 2017Q3 SEC filing. Salem Investment Counselors Inc acquired 5,196 shares as Abbvie Inc. (ABBV)’s stock rose 6.17%. The Salem Investment Counselors Inc holds 97,970 shares with $8.77M value, up from 92,774 last quarter. Abbvie Inc. now has $189.34B valuation. The stock increased 3.22% or $3.7 during the last trading session, reaching $118.6. About 8.83 million shares traded or 48.72% up from the average. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since February 19, 2017 and is uptrending. It has underperformed by 6.07% the S&P500.

Land & Buildings Investment Management Llc holds 5% of its portfolio in QTS Realty Trust, Inc. for 388,790 shares. American Assets Capital Advisers owns 230,700 shares or 4.75% of their US portfolio. Moreover, American Trust Investment Advisors Llc has 3.31% invested in the company for 70,885 shares. The Connecticut-based Sorin Capital Management Llc has invested 1.93% in the stock. Aristotle Capital Boston Llc, a Massachusetts-based fund reported 368,077 shares.

Ratings analysis reveals 100% of QTS Realty Trust’s analysts are positive. Out of 3 Wall Street analysts rating QTS Realty Trust, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. QTS was included in 3 notes of analysts from October 7, 2016. The company was initiated on Friday, October 7 by Raymond James. The rating was upgraded by Stifel Nicolaus to “Buy” on Tuesday, January 31. The rating was initiated by Guggenheim on Friday, December 2 with “Buy”.

The stock decreased 1.02% or $0.46 during the last trading session, reaching $44.82. About 323,907 shares traded. QTS Realty Trust, Inc. (QTS) has declined 0.63% since February 19, 2017 and is downtrending. It has underperformed by 17.33% the S&P500.

Since January 1, 0001, it had 0 insider purchases, and 2 sales for $331,730 activity.

Analysts await QTS Realty Trust, Inc. (NYSE:QTS) to report earnings on February, 20. They expect $0.74 EPS, up 15.63% or $0.10 from last year’s $0.64 per share. QTS’s profit will be $42.17 million for 15.14 P/E if the $0.74 EPS becomes a reality. After $0.70 actual EPS reported by QTS Realty Trust, Inc. for the previous quarter, Wall Street now forecasts 5.71% EPS growth.

Salem Investment Counselors Inc decreased Microsoft Corporation (NASDAQ:MSFT) stake by 44,943 shares to 456,752 valued at $34.06M in 2017Q3. It also reduced Alphabet Inc. Cl A stake by 5,037 shares and now owns 10,920 shares. Jpmorgan Chase & Co (NYSE:JPM) was reduced too.

Since September 11, 2017, it had 0 insider buys, and 5 sales for $25.59 million activity. $589,512 worth of AbbVie Inc. (NYSE:ABBV) shares were sold by Michael Robert A.. $8.57M worth of stock was sold by RICHMOND TIMOTHY J. on Monday, December 18. Another trade for 18,300 shares valued at $1.66 million was sold by Gosebruch Henry O. 145,510 shares were sold by Schumacher Laura J, worth $14.07 million on Thursday, December 14. On Monday, September 11 the insider SALEKI-GERHARDT AZITA sold $705,655.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 10 have Buy rating, 2 Sell and 9 Hold. Therefore 48% are positive. Abbvie Inc had 78 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, June 10, the company rating was downgraded by BMO Capital Markets. As per Friday, January 26, the company rating was maintained by Jefferies. The stock of AbbVie Inc. (NYSE:ABBV) has “Hold” rating given on Tuesday, September 5 by Cowen & Co. BMO Capital Markets maintained the stock with “Market Perform” rating in Thursday, November 16 report. Cowen & Co maintained AbbVie Inc. (NYSE:ABBV) on Monday, November 20 with “Buy” rating. Jefferies maintained it with “Buy” rating and $9400 target in Friday, July 14 report. As per Monday, May 29, the company rating was maintained by Jefferies. The firm has “Hold” rating given on Wednesday, June 7 by Credit Suisse. The firm has “Buy” rating given on Wednesday, July 22 by SunTrust. As per Monday, June 6, the company rating was downgraded by Cowen & Co.

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