Wall Street analysts expect QTS Realty Trust (NYSE:QTS) to post $0.62 earnings per share for the current quarter, according to Zacks. Three analysts have made estimates for QTS Realty Trust’s earnings. The highest EPS estimate is $0.66 and the lowest is $0.60. QTS Realty Trust posted earnings of $0.64 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.1%. The firm is scheduled to issue its next earnings report after the market closes on Monday, April 30th.
According to Zacks, analysts expect that QTS Realty Trust will report full year earnings of $2.65 per share for the current fiscal year, with EPS estimates ranging from $2.62 to $2.68. For the next financial year, analysts expect that the firm will post earnings of $2.96 per share, with EPS estimates ranging from $2.80 to $3.30. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover QTS Realty Trust.
QTS Realty Trust (NYSE:QTS) last posted its 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. QTS Realty Trust had a net margin of 0.29% and a return on equity of 3.15%. The business had revenue of $118.90 million for the quarter, compared to analyst estimates of $118.30 million. During the same quarter in the prior year, the firm earned $0.64 EPS. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, February 21st. SunTrust Banks reaffirmed a “buy” rating on shares of QTS Realty Trust in a report on Thursday, February 22nd. Royal Bank of Canada lowered their target price on shares of QTS Realty Trust to $42.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. They noted that the move was a valuation call. Raymond James lowered shares of QTS Realty Trust from an “outperform” rating to an “underperform” rating in a report on Wednesday, February 21st. Finally, Goldman Sachs raised shares of QTS Realty Trust from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Friday, March 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $50.40.
QTS opened at $35.34 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.49 and a current ratio of 0.49. QTS Realty Trust has a twelve month low of $31.58 and a twelve month high of $61.55. The stock has a market capitalization of $1,837.71, a PE ratio of 13.16, a PEG ratio of 0.70 and a beta of 0.58.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Thursday, March 22nd were issued a dividend of $0.41 per share. The ex-dividend date was Wednesday, March 21st. This represents a $1.64 dividend on an annualized basis and a yield of 4.64%. This is a positive change from QTS Realty Trust’s previous quarterly dividend of $0.39. QTS Realty Trust’s dividend payout ratio is currently 59.42%.
A number of large investors have recently modified their holdings of QTS. Great West Life Assurance Co. Can grew its holdings in QTS Realty Trust by 139.9% during the 3rd quarter. Great West Life Assurance Co. Can now owns 13,928 shares of the real estate investment trust’s stock worth $725,000 after acquiring an additional 8,122 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of QTS Realty Trust by 19.1% in the 3rd quarter. Wells Fargo & Company MN now owns 241,943 shares of the real estate investment trust’s stock valued at $12,669,000 after purchasing an additional 38,858 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of QTS Realty Trust by 11.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 222,922 shares of the real estate investment trust’s stock valued at $11,673,000 after purchasing an additional 22,577 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of QTS Realty Trust by 3.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 689,730 shares of the real estate investment trust’s stock valued at $36,114,000 after purchasing an additional 25,487 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of QTS Realty Trust by 36.3% in the 3rd quarter. Stifel Financial Corp now owns 15,242 shares of the real estate investment trust’s stock valued at $792,000 after purchasing an additional 4,057 shares during the last quarter.
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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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