QTS Realty Trust Inc (QTS) Expected to Earn FY2018 Earnings of $2.15 Per Share

QTS Realty Trust Inc (NYSE:QTS) – Equities research analysts at Mitsubishi UFJ Financial Group raised their FY2018 earnings per share estimates for shares of QTS Realty Trust in a research note issued to investors on Tuesday, October 30th. Mitsubishi UFJ Financial Group analyst S. Bersey now expects that the real estate investment trust will post earnings per share of $2.15 for the year, up from their prior estimate of $2.14. Mitsubishi UFJ Financial Group also issued estimates for QTS Realty Trust’s Q4 2018 earnings at $0.49 EPS, Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.59 EPS and FY2019 earnings at $2.27 EPS.

QTS has been the topic of a number of other research reports. Zacks Investment Research cut shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Berenberg Bank raised shares of QTS Realty Trust from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Tuesday, October 23rd. BMO Capital Markets decreased their target price on shares of QTS Realty Trust from $51.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday. Raymond James reaffirmed a “hold” rating on shares of QTS Realty Trust in a research report on Monday, August 20th. Finally, Guggenheim raised shares of QTS Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $45.00 to $46.00 in a research report on Wednesday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. QTS Realty Trust has an average rating of “Buy” and a consensus target price of $46.42.

NYSE QTS opened at $39.55 on Friday. QTS Realty Trust has a 12 month low of $31.58 and a 12 month 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. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 14.33, a P/E/G ratio of 1.07 and a beta of 0.76.

QTS Realty Trust (NYSE:QTS) last posted its earnings results on Monday, October 29th. The real estate investment trust reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.75). QTS Realty Trust had a negative net margin of 5.49% and a positive return on equity of 0.38%. The company had revenue of $112.20 million during the quarter, compared to analyst estimates of $105.28 million. During the same period in the previous year, the company earned $0.70 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year.

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

Large investors have recently modified their holdings of the business. California Public Employees Retirement System increased its stake in shares of QTS Realty Trust by 20.2% during the first quarter. California Public Employees Retirement System now owns 24,147 shares of the real estate investment trust’s stock worth $875,000 after buying an additional 4,052 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of QTS Realty Trust by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 729,989 shares of the real estate investment trust’s stock worth $26,440,000 after buying an additional 10,795 shares during the period. Guggenheim Capital LLC increased its stake in shares of QTS Realty Trust by 466.4% during the first quarter. Guggenheim Capital LLC now owns 142,957 shares of the real estate investment trust’s stock worth $5,178,000 after buying an additional 117,717 shares during the period. Legal & General Group Plc increased its stake in shares of QTS Realty Trust by 12.3% during the first quarter. Legal & General Group Plc now owns 161,281 shares of the real estate investment trust’s stock worth $5,842,000 after buying an additional 17,638 shares during the period. Finally, Xact Kapitalforvaltning AB increased its stake in shares of QTS Realty Trust by 54.3% during the first quarter. Xact Kapitalforvaltning AB now owns 6,823 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 2,400 shares during the period.

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 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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