QTS Realty Trust, Inc. (NYSE:QTS) – Analysts at KeyCorp issued their FY2019 EPS estimates for QTS Realty Trust in a research note issued on Monday, Zacks Investment Research reports. KeyCorp analyst J. Sadler expects that the real estate investment trust will post earnings per share of $3.49 for the year.
QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.59. QTS Realty Trust had a net margin of 4.67% and a return on equity of 2.10%. The company had revenue of $113.77 million during the quarter, compared to analyst estimates of $113.64 million. During the same period in the prior year, the business posted $0.67 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year.
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QTS has been the subject of several other reports. TheStreet upgraded shares of QTS Realty Trust from a “c” rating to a “b-” rating in a report on Tuesday, October 24th. Morgan Stanley reiterated an “equal weight” rating and issued a $58.00 price target (up from $53.00) on shares of QTS Realty Trust in a research note on Friday, August 25th. Royal Bank of Canada reiterated a “buy” rating and issued a $60.00 price target on shares of QTS Realty Trust in a research note on Wednesday, September 6th. Credit Suisse Group set a $55.00 price target on shares of QTS Realty Trust and gave the stock a “hold” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $57.85.
Shares of QTS Realty Trust (QTS) remained flat at $$60.15 during midday trading on Wednesday. The company’s stock had a trading volume of 314,700 shares, compared to its average volume of 433,347. The company has a current ratio of 0.84, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. QTS Realty Trust has a one year low of $43.95 and a one year high of $60.60. The firm has a market capitalization of $3,025.55, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 1.03 and a beta of 0.48.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, December 5th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Monday, December 4th. QTS Realty Trust’s payout ratio is 380.50%.
In other news, COO James H. Reinhart sold 3,545 shares of QTS Realty Trust stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $55.22, for a total transaction of $195,754.90. Following the sale, the chief operating officer now owns 74,837 shares in the company, valued at $4,132,499.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jeffrey H. Berson sold 18,235 shares of QTS Realty Trust stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $54.61, for a total transaction of $995,813.35. Following the sale, the chief financial officer now owns 51,751 shares in the company, valued at approximately $2,826,122.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 732,541 shares of company stock worth $39,756,070. 17.30% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its holdings in shares of QTS Realty Trust by 1.3% in the first quarter. Principal Financial Group Inc. now owns 6,642 shares of the real estate investment trust’s stock valued at $324,000 after purchasing an additional 82 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of QTS Realty Trust by 0.4% in the second quarter. Janney Montgomery Scott LLC now owns 38,828 shares of the real estate investment trust’s stock valued at $2,032,000 after purchasing an additional 163 shares in the last quarter. Thrivent Financial For Lutherans boosted its stake in QTS Realty Trust by 1.1% during the first quarter. Thrivent Financial For Lutherans now owns 18,980 shares of the real estate investment trust’s stock worth $925,000 after buying an additional 200 shares during the period. GAM Holding AG boosted its stake in QTS Realty Trust by 5.2% during the second quarter. GAM Holding AG now owns 4,014 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 200 shares during the period. Finally, California Public Employees Retirement System boosted its stake in QTS Realty Trust by 2.5% during the second quarter. California Public Employees Retirement System now owns 12,500 shares of the real estate investment trust’s stock worth $654,000 after buying an additional 300 shares during the period.
QTS Realty Trust Company Profile
QTS Realty Trust, Inc (QTS) is a provider of secure, compliant data center solutions, hybrid cloud and fully managed services. The Company owns, develops and operates carrier-neutral and multi-tenant data centers. Its data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers.
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