Equities analysts expect that QTS Realty Trust Inc (NYSE:QTS) will post $115.07 million in sales for the current quarter, according to Zacks. Eight analysts have provided estimates for QTS Realty Trust’s earnings. The lowest sales estimate is $113.40 million and the highest is $117.00 million. QTS Realty Trust posted sales of $112.28 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.5%. The business is expected to report its next earnings results on Wednesday, July 24th.
On average, analysts expect that QTS Realty Trust will report full-year sales of $468.56 million for the current year, with estimates ranging from $463.38 million to $470.32 million. For the next financial year, analysts forecast that the business will report sales of $524.52 million, with estimates ranging from $517.44 million to $531.49 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow QTS Realty Trust.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of QTS Realty Trust in a research report on Tuesday, February 26th. BMO Capital Markets set a $49.00 price target on shares of QTS Realty Trust and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, ValuEngine upgraded shares of QTS Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. QTS Realty Trust has a consensus rating of “Buy” and a consensus target price of $46.83.
QTS traded up $0.03 during trading hours on Monday, hitting $46.17. The company’s stock had a trading volume of 488,995 shares, compared to its average volume of 379,407. QTS Realty Trust has a 12 month low of $34.27 and a 12 month high of $46.96. The stock has a market capitalization of $2.55 billion, a PE ratio of 17.76, a P/E/G ratio of 2.16 and a beta of 0.74. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.63 and a current ratio of 0.63.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 25th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Monday, June 24th. QTS Realty Trust’s dividend payout ratio (DPR) is 67.69%.
In other QTS Realty Trust news, Director Stephen E. Westhead sold 5,135 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $46.26, for a total transaction of $237,545.10. Following the transaction, the director now owns 12,054 shares in the company, valued at $557,618.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jon D. Greaves sold 5,555 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $45.55, for a total transaction of $253,030.25. Following the transaction, the insider now owns 41,520 shares in the company, valued at approximately $1,891,236. The disclosure for this sale can be found here. Insiders own 13.40% of the company’s stock.
A number of hedge funds have recently bought and sold shares of QTS. Bremer Trust National Association purchased a new stake in shares of QTS Realty Trust during the fourth quarter valued at $27,000. Bremer Bank National Association purchased a new stake in shares of QTS Realty Trust during the first quarter valued at $33,000. Pearl River Capital LLC purchased a new stake in shares of QTS Realty Trust during the fourth quarter valued at $44,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of QTS Realty Trust during the fourth quarter valued at $48,000. Finally, First Hawaiian Bank boosted its stake in shares of QTS Realty Trust by 61.3% during the first quarter. First Hawaiian Bank now owns 1,116 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 424 shares during the period.
QTS Realty Trust Company Profile
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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