QTS Realty Trust (NYSE:QTS) released its earnings results on Monday. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.61), Fidelity Earnings reports. The firm had revenue of $125.26 million during the quarter, compared to analysts’ expectations of $119.89 million. QTS Realty Trust had a net margin of 8.55% and a return on equity of 4.15%. QTS Realty Trust’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the company posted $0.61 earnings per share. QTS Realty Trust updated its FY19 guidance to $2.61-2.71 EPS.
Shares of QTS stock opened at $53.17 on Thursday. The firm has a market cap of $2.96 billion, a P/E ratio of 20.45, a PEG ratio of 2.51 and a beta of 0.54. QTS Realty Trust has a 1-year low of $34.27 and a 1-year high of $55.13. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.79 and a quick ratio of 0.79. The firm’s 50-day simple moving average is $52.09 and its 200-day simple moving average is $47.77.
A number of research firms have issued reports on QTS. JPMorgan Chase & Co. upgraded shares of QTS Realty Trust from a “neutral” rating to an “overweight” rating and upped their target price for the company from $50.00 to $65.00 in a report on Tuesday, October 29th. BMO Capital Markets upped their target price on shares of QTS Realty Trust from $50.00 to $60.00 and gave the company a “positive” rating in a report on Wednesday. ValuEngine lowered shares of QTS Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. KeyCorp upped their target price on shares of QTS Realty Trust from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Raymond James upped their target price on shares of QTS Realty Trust from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.78.
About QTS Realty Trust
QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of data center solutions across a diverse footprint spanning more than 6 million square feet of owned mega scale data center space throughout North America. Through its software-defined technology platform, QTS is able to deliver secure, compliant infrastructure solutions, robust connectivity and premium customer service to leading hyperscale technology companies, enterprises, and government entities.
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