News articles about QTS Realty Trust (NYSE:QTS) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. QTS Realty Trust earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 45.2176549683766 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- QTS Realty Trust, Inc. (QTS) Expected to Post Earnings of $0.68 Per Share (americanbankingnews.com)
- Analyzing QTS Realty Trust (QTS) & Farmland Partners (FPI) (americanbankingnews.com)
- QTS Realty Trust : Richmond-IX Deploys Primary Internet Exchange Hub in QTS Richmond Mega Data Center (4-traders.com)
- James H. Reinhart Sells 3,545 Shares of QTS Realty Trust, Inc. (QTS) Stock (americanbankingnews.com)
Several analysts have issued reports on QTS shares. Credit Suisse Group started coverage on shares of QTS Realty Trust in a research report on Friday, June 30th. They set a “neutral” rating and a $54.00 price target on the stock. 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 Friday, July 28th. BidaskClub downgraded shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Zacks Investment Research downgraded shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, TheStreet downgraded shares of QTS Realty Trust from a “b-” rating to a “c” rating in a report on Tuesday, July 25th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $57.14.
QTS Realty Trust (NYSE QTS) opened at 53.79 on Friday. The firm has a market capitalization of $2.63 billion, a P/E ratio of 137.22 and a beta of 0.47. QTS Realty Trust has a 1-year low of $43.01 and a 1-year high of $56.23. The company has a 50 day moving average of $53.93 and a 200 day moving average of $51.91.
QTS Realty Trust (NYSE:QTS) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.63. The company had revenue of $107.86 million for the quarter, compared to analysts’ expectations of $107.66 million. QTS Realty Trust had a return on equity of 2.04% and a net margin of 4.60%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 EPS. On average, equities research analysts anticipate that QTS Realty Trust will post $0.45 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 22nd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Thursday, September 21st. QTS Realty Trust’s payout ratio is 390.00%.
In related news, COO James H. Reinhart sold 3,545 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $55.22, for a total value of $195,754.90. Following the sale, the chief operating officer now directly owns 74,837 shares in the company, valued at approximately $4,132,499.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jon D. Greaves sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $54.39, for a total value of $135,975.00. Following the completion of the sale, the insider now owns 24,717 shares in the company, valued at $1,344,357.63. The disclosure for this sale can be found here. Insiders sold a total of 732,541 shares of company stock worth $39,756,070 over the last 90 days. 17.30% of the stock is currently owned by company insiders.
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QTS Realty Trust Company Profile
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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