Equities research analysts forecast that QTS Realty Trust Inc (NYSE:QTS) will post $0.61 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for QTS Realty Trust’s earnings. The lowest EPS estimate is $0.55 and the highest is $0.64. QTS Realty Trust posted earnings of $0.68 per share in the same quarter last year, which indicates a negative year over year growth rate of 10.3%. The firm is scheduled to report its next quarterly earnings report after the market closes on Monday, May 1st.
On average, analysts expect that QTS Realty Trust will report full-year earnings of $2.70 per share for the current financial year, with EPS estimates ranging from $2.66 to $2.72. For the next year, analysts anticipate that the company will report earnings of $3.15 per share, with EPS estimates ranging from $2.99 to $3.34. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover QTS Realty Trust.
QTS Realty Trust (NYSE:QTS) last issued its earnings results on Tuesday, February 21st. The real estate investment trust reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.54. QTS Realty Trust had a return on equity of 2.53% and a net margin of 5.47%. The company earned $105.40 million during the quarter, compared to the consensus estimate of $104.82 million.
QTS has been the topic of a number of recent research reports. Stifel Nicolaus raised QTS Realty Trust from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Tuesday, January 31st. They noted that the move was a valuation call. Zacks Investment Research raised QTS Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, January 5th. Jefferies Group LLC lifted their target price on QTS Realty Trust from $57.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Macquarie reissued a “buy” rating and set a $55.00 target price on shares of QTS Realty Trust in a research report on Thursday, April 6th. Finally, Deutsche Bank AG lifted their target price on QTS Realty Trust from $49.00 to $51.00 and gave the stock a “hold” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $57.70.
A number of large investors have recently added to or reduced their stakes in QTS. BNP Paribas Arbitrage SA increased its stake in QTS Realty Trust by 101.8% in the third quarter. BNP Paribas Arbitrage SA now owns 4,224 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 2,131 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in QTS Realty Trust by 15.0% in the third quarter. New Mexico Educational Retirement Board now owns 2,300 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 300 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in QTS Realty Trust by 3.3% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 438,321 shares of the real estate investment trust’s stock worth $23,165,000 after buying an additional 13,810 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD bought a new stake in QTS Realty Trust during the third quarter worth $918,000. Finally, Peregrine Capital Management LLC bought a new stake in QTS Realty Trust during the third quarter worth $27,708,000.
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Shares of QTS Realty Trust (NYSE:QTS) traded up 1.14% on Monday, reaching $53.04. The company had a trading volume of 635,944 shares. QTS Realty Trust has a 52-week low of $43.01 and a 52-week high of $59.41. The company has a 50-day moving average price of $49.38 and a 200-day moving average price of $49.37. The firm has a market capitalization of $2.54 billion, a PE ratio of 116.06 and a beta of 0.45.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 5th. Shareholders of record on Thursday, March 16th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.94%. This is an increase from QTS Realty Trust’s previous quarterly dividend of $0.36. The ex-dividend date was Tuesday, March 14th. QTS Realty Trust’s payout ratio is presently 320.00%.
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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