$114.73 Million in Sales Expected for QTS Realty Trust (QTS) This Quarter

Wall Street brokerages expect QTS Realty Trust (NYSE:QTS) to report sales of $114.73 million for the current quarter, Zacks reports. Three analysts have provided estimates for QTS Realty Trust’s earnings, with estimates ranging from $112.56 million to $116.80 million. QTS Realty Trust posted sales of $105.96 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Monday, May 7th.

On average, analysts expect that QTS Realty Trust will report full-year sales of $114.73 million for the current year, with estimates ranging from $479.70 million to $484.74 million. For the next financial year, analysts expect that the company will post sales of $473.17 million per share, with estimates ranging from $461.30 million to $487.30 million. Zacks’ sales averages are an average based on a survey of research firms that cover QTS Realty Trust.

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QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The firm 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 period last year, the firm posted $0.64 earnings per share.

Several research firms have recently weighed in on QTS. Moffett Nathanson began coverage on shares of QTS Realty Trust in a research note on Monday. They issued a “hold” rating and a $40.00 price target on the stock. Credit Suisse Group set a $31.00 price target on shares of QTS Realty Trust and gave the stock a “sell” rating in a research note on Saturday, March 17th. Goldman Sachs raised shares of QTS Realty Trust from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Friday, March 16th. KeyCorp set a $40.00 price target on shares of QTS Realty Trust and gave the stock a “buy” rating in a research note on Monday, March 12th. Finally, Royal Bank of Canada decreased their price target on shares of QTS Realty Trust to $42.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $50.40.

Institutional investors have recently added to or reduced their stakes in the stock. Opus Capital Group LLC acquired a new stake in shares of QTS Realty Trust during the fourth quarter valued at about $206,000. Ellington Management Group LLC acquired a new stake in shares of QTS Realty Trust during the fourth quarter valued at about $222,000. ETRADE Capital Management LLC acquired a new stake in shares of QTS Realty Trust during the third quarter valued at about $220,000. Xact Kapitalforvaltning AB acquired a new stake in shares of QTS Realty Trust during the fourth quarter valued at about $240,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of QTS Realty Trust during the third quarter valued at about $298,000.

Shares of NYSE:QTS traded up $0.08 during midday trading on Monday, hitting $35.82. The company’s stock had a trading volume of 497,758 shares, compared to its average volume of 819,520. 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 company has a market cap of $1,808.36, a P/E ratio of 12.98, a P/E/G ratio of 0.69 and a beta of 0.58. QTS Realty Trust has a 12-month low of $31.58 and a 12-month high of $61.55.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Thursday, March 22nd were given a dividend of $0.41 per share. This is a boost from QTS Realty Trust’s previous quarterly dividend of $0.39. This represents a $1.64 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend was Wednesday, March 21st. QTS Realty Trust’s dividend payout ratio (DPR) is presently 59.42%.

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About QTS Realty Trust

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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Earnings History and Estimates for QTS Realty Trust (NYSE:QTS)

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