QTS Realty Trust Inc (NYSE:QTS) – Research analysts at SunTrust Banks decreased their FY2018 earnings per share (EPS) estimates for QTS Realty Trust in a research report issued on Tuesday, October 30th. SunTrust Banks analyst G. Miller now forecasts that the real estate investment trust will post earnings per share of $2.24 for the year, down from their previous forecast of $2.25. SunTrust Banks also issued estimates for QTS Realty Trust’s Q4 2018 earnings at $0.59 EPS and Q1 2019 earnings at $0.59 EPS.
QTS has been the topic of a number of other research reports. Berenberg Bank upgraded shares of QTS Realty Trust from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Tuesday, October 23rd. Zacks Investment Research lowered shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Raymond James restated a “hold” rating on shares of QTS Realty Trust in a research note on Monday, August 20th. Wells Fargo & Co lifted their price target on shares of QTS Realty Trust from $38.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 18th. Finally, Stifel Nicolaus set a $48.00 price target on shares of QTS Realty Trust and gave the stock a “buy” rating in a research note on Tuesday, July 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.42.
QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings data on Monday, October 29th. The real estate investment trust reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.75). The firm had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $105.28 million. QTS Realty Trust had a negative net margin of 5.49% and a positive return on equity of 0.38%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.70 EPS.
Institutional investors and hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd bought a new stake in shares of QTS Realty Trust during the first quarter valued at about $204,000. OppenheimerFunds Inc. bought a new stake in shares of QTS Realty Trust during the second quarter valued at about $209,000. Commonwealth Equity Services LLC bought a new stake in shares of QTS Realty Trust during the second quarter valued at about $221,000. Advisors Asset Management Inc. raised its stake in shares of QTS Realty Trust by 79.6% during the second quarter. Advisors Asset Management Inc. now owns 5,974 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 2,647 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised 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 valued at $247,000 after purchasing an additional 2,400 shares in the last quarter.
In other news, Director Catherine R. Kinney purchased 1,400 shares of QTS Realty Trust stock in a transaction dated Monday, August 6th. The stock was bought at an average price of $44.07 per share, with a total value of $61,698.00. Following the completion of the acquisition, the director now owns 11,657 shares in the company, valued at approximately $513,723.99. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen E. Westhead sold 1,924 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $46.25, for a total transaction of $88,985.00. Following the transaction, the director now directly owns 5,014 shares of the company’s stock, valued at approximately $231,897.50. The disclosure for this sale can be found here. Insiders own 16.10% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 4th. Stockholders of record on Thursday, September 20th were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.28%. The ex-dividend date was Wednesday, September 19th. QTS Realty Trust’s dividend payout ratio (DPR) is 59.42%.
QTS Realty Trust Company Profile
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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