QTS Realty Trust, Inc. (NYSE:QTS) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.66-2.78 for the period, compared to the Thomson Reuters consensus estimate of $2.69.
QTS Realty Trust, Inc. (QTS) opened at 53.50 on Friday. The firm’s 50-day moving average price is $52.99 and its 200 day moving average price is $51.39. The firm has a market cap of $2.61 billion, a P/E ratio of 136.48 and a beta of 0.47. QTS Realty Trust, Inc. has a 12-month low of $43.01 and a 12-month high of $56.54.
QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. The firm had revenue of $107.86 million for the quarter, compared to analysts’ expectations of $107.66 million. QTS Realty Trust had a net margin of 4.60% and a return on equity of 2.04%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company posted $0.63 EPS. Analysts forecast that QTS Realty Trust, Inc. will post $0.44 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 22nd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Thursday, September 21st. QTS Realty Trust’s dividend payout ratio (DPR) is currently 390.00%.
Several research firms have recently weighed in on QTS. BidaskClub cut shares of QTS Realty Trust from a hold rating to a sell rating in a research report on Thursday. Deutsche Bank AG restated a hold rating and set a $52.00 price objective (down previously from $53.00) on shares of QTS Realty Trust in a research report on Friday. Zacks Investment Research raised shares of QTS Realty Trust from a sell rating to a hold rating in a report on Wednesday, May 3rd. TheStreet lowered shares of QTS Realty Trust from a b- rating to a c rating in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $60.00 target price on shares of QTS Realty Trust in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $57.08.
In other QTS Realty Trust news, Director Stephen E. Westhead sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $53.08, for a total value of $530,800.00. Following the sale, the director now owns 11,924 shares of the company’s stock, valued at approximately $632,925.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen E. Westhead sold 11,000 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $52.36, for a total transaction of $575,960.00. Following the completion of the sale, the director now directly owns 12,924 shares in the company, valued at approximately $676,700.64. The disclosure for this sale can be found here. In the last three months, insiders sold 22,217 shares of company stock worth $1,167,914. Insiders own 17.30% of the company’s stock.
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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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