Brokerages predict that QTS Realty Trust Inc (NYSE:QTS) will report earnings of $0.62 per share for the current quarter, Zacks reports. Six analysts have made estimates for QTS Realty Trust’s earnings. The lowest EPS estimate is $0.60 and the highest is $0.66. QTS Realty Trust reported earnings per share of $0.64 during the same quarter last year, which suggests a negative year over year growth rate of 3.1%. The company is expected to issue its next earnings report on Monday, May 7th.
On average, analysts expect that QTS Realty Trust will report full-year earnings of $2.62 per share for the current financial year, with EPS estimates ranging from $2.52 to $2.68. For the next fiscal year, analysts forecast that the firm will report earnings of $2.98 per share, with EPS estimates ranging from $2.80 to $3.30. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for QTS Realty Trust.
QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.05. The business had revenue of $118.90 million during the quarter, compared to the consensus estimate of $118.30 million. QTS Realty Trust had a net margin of 0.29% and a return on equity of 3.15%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 EPS.
QTS has been the subject of a number of recent analyst reports. Jefferies Group cut their price target on shares of QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating for the company in a report on Monday, November 20th. Zacks Investment Research downgraded shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. Credit Suisse Group downgraded shares of QTS Realty Trust from a “neutral” rating to an “underperform” rating and set a $43.00 price target for the company. in a report on Wednesday, January 17th. Raymond James Financial downgraded shares of QTS Realty Trust from an “outperform” rating to an “underperform” rating in a report on Wednesday, February 21st. Finally, Guggenheim downgraded shares of QTS Realty Trust from a “buy” rating to a “neutral” rating in a report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $51.40.
Shares of QTS Realty Trust (NYSE QTS) traded up $0.65 during midday trading on Wednesday, hitting $37.74. 1,364,440 shares of the stock were exchanged, compared to its average volume of 1,428,035. The firm has a market cap of $1,876.67, a P/E ratio of 1,887.00, a P/E/G ratio of 0.73 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.49 and a quick ratio of 0.49. QTS Realty Trust has a fifty-two week low of $31.58 and a fifty-two week high of $61.55.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 22nd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.35%. The ex-dividend date is Wednesday, March 21st. This is an increase from QTS Realty Trust’s previous quarterly dividend of $0.39. QTS Realty Trust’s dividend payout ratio (DPR) is 7,800.00%.
A number of institutional investors have recently bought and sold shares of QTS. California Public Employees Retirement System increased its holdings in QTS Realty Trust by 2.5% in the 2nd quarter. California Public Employees Retirement System now owns 12,500 shares of the real estate investment trust’s stock valued at $654,000 after purchasing an additional 300 shares during the last quarter. First Trust Advisors LP grew its stake in shares of QTS Realty Trust by 59.1% in the third quarter. First Trust Advisors LP now owns 25,380 shares of the real estate investment trust’s stock worth $1,329,000 after acquiring an additional 9,428 shares in the last quarter. Aperio Group LLC grew its stake in shares of QTS Realty Trust by 10.2% in the third quarter. Aperio Group LLC now owns 10,904 shares of the real estate investment trust’s stock worth $571,000 after acquiring an additional 1,008 shares in the last quarter. Jennison Associates LLC grew its stake in shares of QTS Realty Trust by 39.7% in the third quarter. Jennison Associates LLC now owns 1,223,816 shares of the real estate investment trust’s stock worth $64,079,000 after acquiring an additional 347,554 shares in the last quarter. Finally, FDx Advisors Inc. acquired a new position in shares of QTS Realty Trust in the third quarter worth $354,000.
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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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