Wall Street brokerages expect that QTS Realty Trust Inc (NYSE:QTS) will report $117.46 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for QTS Realty Trust’s earnings. The lowest sales estimate is $116.07 million and the highest is $118.96 million. QTS Realty Trust posted sales of $105.44 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.4%. The business is expected to announce its next earnings report on Tuesday, February 20th.
On average, analysts expect that QTS Realty Trust will report full year sales of $117.46 million for the current year, with estimates ranging from $443.27 million to $446.56 million. For the next financial year, analysts expect that the business will report sales of $496.73 million per share, with estimates ranging from $468.79 million to $503.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for QTS Realty Trust.
QTS Realty Trust (NYSE:QTS) last released its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 EPS for the quarter, topping the consensus estimate of $0.11 by $0.59. QTS Realty Trust had a return on equity of 2.10% and a net margin of 4.67%. The business had revenue of $113.77 million during the quarter, compared to analysts’ expectations of $113.64 million. During the same quarter last year, the firm posted $0.67 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis.
QTS has been the subject of a number of research analyst reports. TheStreet raised QTS Realty Trust from a “c” rating to a “b-” rating in a research report on Tuesday, October 24th. SunTrust Banks increased their price target on QTS Realty Trust from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Jefferies Group decreased their price target on QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, November 20th. Zacks Investment Research raised QTS Realty Trust from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Tuesday, October 17th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $60.00 price target on shares of QTS Realty Trust in a research report on Wednesday, September 6th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $59.00.
QTS Realty Trust (NYSE QTS) traded up $0.29 during mid-day trading on Friday, hitting $53.58. The stock had a trading volume of 387,111 shares, compared to its average volume of 451,722. QTS Realty Trust has a 52 week low of $46.32 and a 52 week high of $61.55. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $2,678.48, a price-to-earnings ratio of 130.69, a PEG ratio of 1.03 and a beta of 0.44.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Tuesday, December 5th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Monday, December 4th. QTS Realty Trust’s dividend payout ratio (DPR) is presently 380.50%.
In related news, insider Daniel T. Bennewitz sold 9,144 shares of QTS Realty Trust stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $57.46, for a total transaction of $525,414.24. Following the completion of the sale, the insider now owns 58,624 shares of the company’s stock, valued at $3,368,535.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO James H. Reinhart sold 4,050 shares of QTS Realty Trust stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $58.42, for a total value of $236,601.00. Following the sale, the chief operating officer now directly owns 65,595 shares of the company’s stock, valued at approximately $3,832,059.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,201 shares of company stock valued at $2,112,933. 17.30% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of QTS. Prudential Financial Inc. grew its holdings in shares of QTS Realty Trust by 15,615.8% during the 2nd quarter. Prudential Financial Inc. now owns 666,350 shares of the real estate investment trust’s stock worth $34,870,000 after acquiring an additional 662,110 shares during the period. Scout Investments Inc. grew its position in shares of QTS Realty Trust by 14.3% during the second quarter. Scout Investments Inc. now owns 39,650 shares of the real estate investment trust’s stock valued at $2,075,000 after purchasing an additional 4,950 shares in the last quarter. BlackRock Inc. grew its position in shares of QTS Realty Trust by 3.6% during the second quarter. BlackRock Inc. now owns 4,198,833 shares of the real estate investment trust’s stock valued at $219,723,000 after purchasing an additional 145,235 shares in the last quarter. Copeland Capital Management LLC purchased a new position in shares of QTS Realty Trust during the third quarter valued at about $9,637,000. Finally, Emerald Mutual Fund Advisers Trust grew its position in shares of QTS Realty Trust by 25.7% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 501,781 shares of the real estate investment trust’s stock valued at $26,273,000 after purchasing an additional 102,730 shares in the last quarter.
About QTS Realty Trust
QTS Realty Trust, Inc (QTS) is a provider of secure, compliant data center solutions, hybrid cloud and fully managed services. The Company owns, develops and operates carrier-neutral and multi-tenant data centers. Its data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers.
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