Q4 2019 EPS Estimates for QTS Realty Trust Inc Boosted by SunTrust Banks (QTS)

QTS Realty Trust Inc (NYSE:QTS) – Research analysts at SunTrust Banks raised their Q4 2019 earnings per share estimates for QTS Realty Trust in a note issued to investors on Tuesday, October 30th. SunTrust Banks analyst G. Miller now forecasts that the real estate investment trust will post earnings per share of $0.67 for the quarter, up from their prior estimate of $0.65.

QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings data on Monday, October 29th. The real estate investment trust reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.75). The company had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $105.28 million. QTS Realty Trust had a positive return on equity of 0.38% and a negative net margin of 5.49%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.70 earnings per share.

QTS has been the topic of several other reports. Berenberg Bank began coverage on shares of QTS Realty Trust in a report on Thursday, September 20th. They set a “hold” rating and a $50.00 price objective on the stock. BMO Capital Markets set a $51.00 price objective on shares of QTS Realty Trust and gave the stock a “buy” rating in a report on Wednesday, July 25th. ValuEngine lowered shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, October 29th. Zacks Investment Research upgraded shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Finally, Raymond James reiterated a “hold” rating on shares of QTS Realty Trust in a report on Monday, August 20th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $46.42.

Shares of QTS stock opened at $39.55 on Friday. The stock has a market cap of $2.02 billion, a PE ratio of 14.33, a P/E/G ratio of 1.07 and a beta of 0.76. QTS Realty Trust has a 1-year low of $31.58 and a 1-year high of $61.55. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.94 and a current ratio of 0.94.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB raised its holdings in QTS Realty Trust by 17.6% in the second quarter. Xact Kapitalforvaltning AB now owns 8,023 shares of the real estate investment trust’s stock valued at $317,000 after buying an additional 1,200 shares during the period. Teachers Insurance & Annuity Association of America grew its position in QTS Realty Trust by 2.0% in the second quarter. Teachers Insurance & Annuity Association of America now owns 65,238 shares of the real estate investment trust’s stock valued at $2,577,000 after acquiring an additional 1,261 shares in the last quarter. Bank of Montreal Can grew its position in QTS Realty Trust by 4.9% in the third quarter. Bank of Montreal Can now owns 28,839 shares of the real estate investment trust’s stock valued at $1,230,000 after acquiring an additional 1,335 shares in the last quarter. Fisher Asset Management LLC grew its position in QTS Realty Trust by 4.8% in the third quarter. Fisher Asset Management LLC now owns 30,957 shares of the real estate investment trust’s stock valued at $1,321,000 after acquiring an additional 1,421 shares in the last quarter. Finally, Legal & General Group Plc grew its position in QTS Realty Trust by 0.9% in the second quarter. Legal & General Group Plc now owns 162,768 shares of the real estate investment trust’s stock valued at $6,429,000 after acquiring an additional 1,487 shares in the last quarter.

In other QTS Realty Trust news, Director Catherine R. Kinney purchased 1,400 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The shares were purchased at an average price of $44.07 per share, for a total transaction of $61,698.00. Following the completion of the acquisition, the director now owns 11,657 shares of the company’s stock, valued at approximately $513,723.99. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen E. Westhead sold 1,924 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $46.25, for a total transaction of $88,985.00. Following the completion of the transaction, the director now owns 5,014 shares in the company, valued at approximately $231,897.50. The disclosure for this sale can be found here. Company insiders own 16.10% of the company’s stock.

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 hyperscale and hybrid colocation provide 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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