QTS Realty Trust (NYSE:QTS) – Research analysts at KeyCorp lowered their FY2019 earnings per share (EPS) estimates for shares of QTS Realty Trust in a note issued to investors on Sunday, March 11th, Zacks Investment Research reports. KeyCorp analyst J. Sadler now expects that the real estate investment trust will earn $3.30 per share for the year, down from their previous forecast of $3.42. KeyCorp has a “Buy” rating and a $40.00 price target on the stock.
QTS Realty Trust (NYSE:QTS) last posted its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The business had revenue of $118.90 million for the quarter, compared to the consensus estimate of $118.30 million. QTS Realty Trust had a net margin of 0.29% and a return on equity of 3.15%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 EPS.
QTS has been the topic of a number of other research reports. Raymond James Financial downgraded shares of QTS Realty Trust from an “outperform” rating to an “underperform” rating in a research report on Wednesday, February 21st. Credit Suisse Group downgraded shares of QTS Realty Trust from a “neutral” rating to an “underperform” rating and set a $43.00 price objective on the stock. in a research report on Wednesday, January 17th. SunTrust Banks reaffirmed a “buy” rating on shares of QTS Realty Trust in a research report on Thursday, February 22nd. Goldman Sachs raised shares of QTS Realty Trust from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Friday, March 16th. Finally, Zacks Investment Research raised shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, February 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. QTS Realty Trust has an average rating of “Hold” and a consensus price target of $51.14.
NYSE QTS opened at $35.74 on Wednesday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.24. The stock has a market cap of $1,870.60, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 0.72 and a beta of 0.58. QTS Realty Trust has a one year low of $31.58 and a one year high of $61.55.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Thursday, March 22nd were paid a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, March 21st. This is a boost from QTS Realty Trust’s previous quarterly dividend of $0.39. This represents a $1.64 dividend on an annualized basis and a yield of 4.59%. QTS Realty Trust’s dividend payout ratio (DPR) is 59.42%.
A number of hedge funds have recently added to or reduced their stakes in QTS. Picton Mahoney Asset Management acquired a new stake in QTS Realty Trust in the 3rd quarter worth approximately $115,000. Opus Capital Group LLC acquired a new stake in QTS Realty Trust in the 4th quarter worth approximately $206,000. ETRADE Capital Management LLC acquired a new stake in QTS Realty Trust in the 3rd quarter worth approximately $220,000. Ellington Management Group LLC acquired a new stake in QTS Realty Trust in the 4th quarter worth approximately $222,000. Finally, Quantbot Technologies LP boosted its stake in QTS Realty Trust by 752.5% in the 3rd quarter. Quantbot Technologies LP now owns 4,348 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 3,838 shares in the last quarter.
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QTS Realty Trust Company Profile
QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of secure, compliant data center solutions, hybrid cloud and fully managed services. QTS' integrated technology service platform of custom data center (C1), colocation (C2) and cloud and managed services (C3) provides flexible, scalable, secure IT solutions for web and IT applications.
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