Media coverage about QTS Realty Trust (NYSE:QTS) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. QTS Realty Trust earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.8174828916446 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of QTS Realty Trust (NYSE:QTS) traded up $0.10 during trading on Friday, reaching $51.65. 455,908 shares of the company’s stock were exchanged, compared to its average volume of 398,454. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.09. QTS Realty Trust has a 12-month low of $46.32 and a 12-month high of $61.55. The company has a market cap of $2,592.97, a P/E ratio of 125.98, a PEG ratio of 0.92 and a beta of 0.44.
QTS Realty Trust (NYSE:QTS) last released its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.59. The company had revenue of $113.77 million during the quarter, compared to the consensus estimate of $113.64 million. QTS Realty Trust had a net margin of 4.67% and a return on equity of 2.10%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. analysts forecast that QTS Realty Trust will post 2.71 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Tuesday, December 5th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Monday, December 4th. QTS Realty Trust’s payout ratio is 380.50%.
Several analysts recently commented on QTS shares. Credit Suisse Group set a $55.00 target price on shares of QTS Realty Trust and gave the company a “hold” rating in a research note on Tuesday, November 14th. Jefferies Group reduced their price target on shares of QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, November 20th. SunTrust Banks upped their price target on shares of QTS Realty Trust from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research downgraded shares of QTS Realty Trust from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Finally, TheStreet upgraded shares of QTS Realty Trust from a “c” rating to a “b-” rating in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. QTS Realty Trust currently has a consensus rating of “Buy” and a consensus target price of $59.00.
In other QTS Realty Trust news, insider Shirley E. Goza sold 11,507 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $58.24, for a total value of $670,167.68. Following the completion of the sale, the insider now owns 16,770 shares in the company, valued at approximately $976,684.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel T. Bennewitz sold 9,144 shares of QTS Realty Trust stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $57.46, for a total transaction of $525,414.24. Following the sale, the insider now owns 58,624 shares of the company’s stock, valued at approximately $3,368,535.04. The disclosure for this sale can be found here. Insiders have sold a total of 37,201 shares of company stock valued at $2,112,933 over the last three months. 17.30% of the stock is currently owned by insiders.
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About QTS Realty Trust
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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