Analysts Expect QTS Realty Trust, Inc. (QTS) Will Announce Quarterly Sales of $113.84 Million

Equities analysts expect that QTS Realty Trust, Inc. (NYSE:QTS) will announce $113.84 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for QTS Realty Trust’s earnings. The lowest sales estimate is $113.21 million and the highest is $114.97 million. QTS Realty Trust reported sales of $103.47 million during the same quarter last year, which would suggest a positive year over year growth rate of 10%. The company is expected to announce its next earnings report after the market closes on Tuesday, October 24th.

According to Zacks, analysts expect that QTS Realty Trust will report full-year sales of $113.84 million for the current financial year, with estimates ranging from $443.27 million to $452.44 million. For the next financial year, analysts forecast that the firm will post sales of $512.80 million per share, with estimates ranging from $468.79 million to $556.99 million. Zacks’ sales calculations are an average based on a survey of analysts that follow QTS Realty Trust.

QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.63. QTS Realty Trust had a net margin of 4.60% and a return on equity of 2.04%. The firm had revenue of $107.86 million during the quarter, compared to analysts’ expectations of $107.66 million. During the same period in the prior year, the company earned $0.63 EPS. The firm’s revenue was up 9.3% on a year-over-year basis.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Morgan Stanley restated an “equal weight” rating and set a $58.00 price target (up previously from $53.00) on shares of QTS Realty Trust in a report on Friday, August 25th. Royal Bank Of Canada restated a “buy” rating and set a $60.00 price target on shares of QTS Realty Trust in a report on Wednesday, September 6th. TheStreet downgraded shares of QTS Realty Trust from a “b-” rating to a “c” rating in a report on Tuesday, July 25th. Finally, Deutsche Bank AG restated a “hold” rating and set a $52.00 price target (down previously from $53.00) on shares of QTS Realty Trust in a report on Friday, August 11th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $56.64.

Shares of QTS Realty Trust (QTS) traded down 0.72% during mid-day trading on Friday, reaching $52.61. The stock has a 50-day moving average price of $53.30 and a 200 day moving average price of $52.36. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 134.21 and a beta of 0.45. QTS Realty Trust has a 12-month low of $43.01 and a 12-month high of $56.23.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 22nd were paid a $0.39 dividend. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $1.56 dividend on an annualized basis and a yield of 2.97%. QTS Realty Trust’s payout ratio is presently 390.00%.

In related news, insider Jon D. Greaves sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $54.39, for a total value of $135,975.00. Following the transaction, the insider now directly owns 24,717 shares in the company, valued at approximately $1,344,357.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO James H. Reinhart sold 3,545 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $55.22, for a total transaction of $195,754.90. Following the completion of the transaction, the chief operating officer now owns 74,837 shares in the company, valued at $4,132,499.14. 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 quarter. 17.30% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Prudential Financial Inc. grew its stake in QTS Realty Trust by 15,615.8% in the 2nd quarter. Prudential Financial Inc. now owns 666,350 shares of the real estate investment trust’s stock valued at $34,870,000 after buying an additional 662,110 shares during the last quarter. Scout Investments Inc. grew its stake in QTS Realty Trust by 14.3% in the 2nd quarter. Scout Investments Inc. now owns 39,650 shares of the real estate investment trust’s stock valued at $2,075,000 after buying an additional 4,950 shares during the last quarter. IndexIQ Advisors LLC grew its stake in QTS Realty Trust by 15.0% in the 2nd quarter. IndexIQ Advisors LLC now owns 49,443 shares of the real estate investment trust’s stock valued at $2,587,000 after buying an additional 6,438 shares during the last quarter. California Public Employees Retirement System grew its stake in QTS Realty Trust by 110.3% in the 1st quarter. California Public Employees Retirement System now owns 12,200 shares of the real estate investment trust’s stock valued at $595,000 after buying an additional 6,400 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. grew its stake in QTS Realty Trust by 0.7% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 290,992 shares of the real estate investment trust’s stock valued at $15,227,000 after buying an additional 1,988 shares during the last quarter.

TRADEMARK VIOLATION WARNING: “Analysts Expect QTS Realty Trust, Inc. (QTS) Will Announce Quarterly Sales of $113.84 Million” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/11/analysts-expect-qts-realty-trust-inc-qts-will-announce-quarterly-sales-of-113-84-million.html.

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.

Get a free copy of the Zacks research report on QTS

According to Zacks, analysts expect that QTS Realty Trust will report full-year sales of $113.84 million for the current financial year, with estimates ranging from $443.27 million to $452.44 million. For the next financial year, analysts forecast that the firm will post sales of $512.80 million per share, with estimates ranging from $468.79 million to $556.99 million. Zacks’ sales calculations are an average based on a survey of analysts that follow QTS Realty Trust.

QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.63. QTS Realty Trust had a net margin of 4.60% and a return on equity of 2.04%. The firm had revenue of $107.86 million during the quarter, compared to analysts’ expectations of $107.66 million. During the same period in the prior year, the company earned $0.63 EPS. The firm’s revenue was up 9.3% on a year-over-year basis.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Morgan Stanley restated an “equal weight” rating and set a $58.00 price target (up previously from $53.00) on shares of QTS Realty Trust in a report on Friday, August 25th. Royal Bank Of Canada restated a “buy” rating and set a $60.00 price target on shares of QTS Realty Trust in a report on Wednesday, September 6th. TheStreet downgraded shares of QTS Realty Trust from a “b-” rating to a “c” rating in a report on Tuesday, July 25th. Finally, Deutsche Bank AG restated a “hold” rating and set a $52.00 price target (down previously from $53.00) on shares of QTS Realty Trust in a report on Friday, August 11th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $56.64.

Shares of QTS Realty Trust (QTS) traded down 0.72% during mid-day trading on Friday, reaching $52.61. The stock has a 50-day moving average price of $53.30 and a 200 day moving average price of $52.36. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 134.21 and a beta of 0.45. QTS Realty Trust has a 12-month low of $43.01 and a 12-month high of $56.23.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 22nd were paid a $0.39 dividend. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $1.56 dividend on an annualized basis and a yield of 2.97%. QTS Realty Trust’s payout ratio is presently 390.00%.

In related news, insider Jon D. Greaves sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $54.39, for a total value of $135,975.00. Following the transaction, the insider now directly owns 24,717 shares in the company, valued at approximately $1,344,357.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO James H. Reinhart sold 3,545 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $55.22, for a total transaction of $195,754.90. Following the completion of the transaction, the chief operating officer now owns 74,837 shares in the company, valued at $4,132,499.14. 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 quarter. 17.30% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Prudential Financial Inc. grew its stake in QTS Realty Trust by 15,615.8% in the 2nd quarter. Prudential Financial Inc. now owns 666,350 shares of the real estate investment trust’s stock valued at $34,870,000 after buying an additional 662,110 shares during the last quarter. Scout Investments Inc. grew its stake in QTS Realty Trust by 14.3% in the 2nd quarter. Scout Investments Inc. now owns 39,650 shares of the real estate investment trust’s stock valued at $2,075,000 after buying an additional 4,950 shares during the last quarter. IndexIQ Advisors LLC grew its stake in QTS Realty Trust by 15.0% in the 2nd quarter. IndexIQ Advisors LLC now owns 49,443 shares of the real estate investment trust’s stock valued at $2,587,000 after buying an additional 6,438 shares during the last quarter. California Public Employees Retirement System grew its stake in QTS Realty Trust by 110.3% in the 1st quarter. California Public Employees Retirement System now owns 12,200 shares of the real estate investment trust’s stock valued at $595,000 after buying an additional 6,400 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. grew its stake in QTS Realty Trust by 0.7% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 290,992 shares of the real estate investment trust’s stock valued at $15,227,000 after buying an additional 1,988 shares during the last quarter.

TRADEMARK VIOLATION WARNING: “Analysts Expect QTS Realty Trust, Inc. (QTS) Will Announce Quarterly Sales of $113.84 Million” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/11/analysts-expect-qts-realty-trust-inc-qts-will-announce-quarterly-sales-of-113-84-million.html.

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.

Get a free copy of the Zacks research report on QTS Realty Trust (QTS)

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

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