QTS Realty Trust (NYSE:QTS) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.05, Bloomberg Earnings reports. The business had revenue of $118.90 million during the quarter, compared to the consensus estimate of $118.30 million. QTS Realty Trust had a net margin of 4.67% and a return on equity of 2.10%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 earnings per share.
Shares of QTS Realty Trust (NYSE:QTS) opened at $39.10 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.84 and a current ratio of 0.84. QTS Realty Trust has a 12 month low of $39.10 and a 12 month high of $61.55. The firm has a market cap of $2,254.45, a P/E ratio of 107.32, a PEG ratio of 0.80 and a beta of 0.29.
In other news, EVP William H. Schafer sold 12,500 shares of QTS Realty Trust stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $54.46, for a total transaction of $680,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 17.30% of the company’s stock.
Several analysts have issued reports on QTS shares. TheStreet raised shares of QTS Realty Trust from a “c” rating to a “b-” rating in a research note on Tuesday, October 24th. SunTrust Banks raised their price objective on shares of QTS Realty Trust from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Credit Suisse Group set a $55.00 price objective on shares of QTS Realty Trust and gave the stock a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research downgraded shares of QTS Realty Trust from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of QTS Realty Trust from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $58.08.
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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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