QTS Realty Trust to Post FY2020 Earnings of $3.12 Per Share, Jefferies Group Forecasts (QTS)

QTS Realty Trust (NYSE:QTS) – Jefferies Group raised their FY2020 earnings per share (EPS) estimates for QTS Realty Trust in a report issued on Monday, May 14th. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will post earnings of $3.12 per share for the year, up from their previous estimate of $3.09. Jefferies Group currently has a “Hold” rating and a $65.00 price target on the stock.

QTS Realty Trust (NYSE:QTS) last posted its earnings results on Monday, April 30th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.14). The company had revenue of $113.70 million for the quarter, compared to the consensus estimate of $99.23 million. QTS Realty Trust had a negative net margin of 0.84% and a positive return on equity of 2.60%. QTS Realty Trust’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 EPS.

Several other equities analysts have also recently issued reports on QTS. Credit Suisse Group cut shares of QTS Realty Trust from a “neutral” rating to an “underperform” rating and set a $43.00 target price on the stock. in a research note on Wednesday, January 17th. Zacks Investment Research upgraded shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, February 21st. Raymond James cut shares of QTS Realty Trust from an “outperform” rating to an “underperform” rating in a research note on Wednesday, February 21st. Guggenheim cut shares of QTS Realty Trust from a “buy” rating to a “neutral” rating in a research note on Thursday, February 22nd. Finally, Bank of America lowered their target price on shares of QTS Realty Trust from $62.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. QTS Realty Trust presently has a consensus rating of “Hold” and an average price target of $48.07.

QTS Realty Trust opened at $35.45 on Tuesday, according to MarketBeat Ratings. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 1.26. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 12.76, a P/E/G ratio of 0.69 and a beta of 0.59. QTS Realty Trust has a 52-week low of $35.16 and a 52-week high of $35.76.

Several large investors have recently modified their holdings of QTS. BlackRock Inc. raised its stake in QTS Realty Trust by 2.5% during the 4th quarter. BlackRock Inc. now owns 4,530,798 shares of the real estate investment trust’s stock worth $245,388,000 after acquiring an additional 109,330 shares during the period. Bank of New York Mellon Corp raised its stake in QTS Realty Trust by 161.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,686,488 shares of the real estate investment trust’s stock worth $91,340,000 after acquiring an additional 1,041,223 shares during the period. Jennison Associates LLC raised its stake in QTS Realty Trust by 18.2% during the 4th quarter. Jennison Associates LLC now owns 1,446,978 shares of the real estate investment trust’s stock worth $78,368,000 after acquiring an additional 223,162 shares during the period. PGGM Investments raised its stake in QTS Realty Trust by 142.9% during the 4th quarter. PGGM Investments now owns 1,020,000 shares of the real estate investment trust’s stock worth $55,243,000 after acquiring an additional 600,000 shares during the period. Finally, APG Asset Management US Inc. raised its stake in QTS Realty Trust by 57.7% during the 4th quarter. APG Asset Management US Inc. now owns 985,500 shares of the real estate investment trust’s stock worth $53,375,000 after acquiring an additional 360,500 shares during the period.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 6th. Stockholders of record on Wednesday, June 20th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Tuesday, June 19th. QTS Realty Trust’s dividend payout ratio (DPR) is presently 59.42%.

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.

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

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