QTS Realty Trust Inc (NYSE:QTS) – Stock analysts at SunTrust Banks cut their Q1 2018 earnings estimates for shares of QTS Realty Trust in a research note issued to investors on Wednesday. SunTrust Banks analyst G. Miller now expects that the real estate investment trust will earn $0.60 per share for the quarter, down from their prior forecast of $0.68. SunTrust Banks currently has a “Buy” rating on the stock. SunTrust Banks also issued estimates for QTS Realty Trust’s Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.67 EPS, Q4 2018 earnings at $0.75 EPS, FY2018 earnings at $2.64 EPS, Q1 2019 earnings at $0.66 EPS, Q2 2019 earnings at $0.70 EPS, Q3 2019 earnings at $0.75 EPS, Q4 2019 earnings at $0.77 EPS and FY2019 earnings at $2.87 EPS.
QTS Realty Trust (NYSE:QTS) last issued its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The business had revenue of $118.90 million during the quarter, compared to analysts’ expectations of $118.30 million. QTS Realty Trust had a return on equity of 3.17% and a net margin of 0.29%. QTS Realty Trust’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 earnings per share.
QTS has been the subject of a number of other research reports. Wells Fargo & Co lifted their price objective on QTS Realty Trust from $62.50 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, November 15th. Credit Suisse Group set a $55.00 price objective on QTS Realty Trust and gave the company a “hold” rating in a research report on Tuesday, November 14th. Jefferies Group reduced their price objective on 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. JPMorgan Chase & Co. lifted their price objective on QTS Realty Trust from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research cut QTS Realty Trust from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. QTS Realty Trust has a consensus rating of “Hold” and a consensus price target of $54.15.
Shares of QTS Realty Trust (NYSE QTS) opened at $33.37 on Friday. The company has a market capitalization of $1,680.00, a price-to-earnings ratio of -417.13, a PEG ratio of 0.63 and a beta of 0.29. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.09. QTS Realty Trust has a 12-month low of $31.58 and a 12-month high of $61.55.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 22nd will be given a $0.41 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.91%. This is a boost from QTS Realty Trust’s previous quarterly dividend of $0.39. QTS Realty Trust’s payout ratio is currently -1,950.00%.
In other QTS Realty Trust news, EVP William H. Schafer sold 12,500 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $54.46, for a total value of $680,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 17.30% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. Picton Mahoney Asset Management acquired a new stake in shares of QTS Realty Trust in the third quarter worth about $115,000. Opus Capital Group LLC acquired a new stake in shares of QTS Realty Trust in the fourth quarter worth about $206,000. PNC Financial Services Group Inc. lifted its position in shares of QTS Realty Trust by 4,127.7% in the second quarter. PNC Financial Services Group Inc. now owns 3,974 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 3,880 shares during the last quarter. ETRADE Capital Management LLC acquired a new stake in shares of QTS Realty Trust in the third quarter worth about $220,000. Finally, Ellington Management Group LLC acquired a new stake in shares of QTS Realty Trust in the fourth quarter worth about $222,000.
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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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