QTS Realty Trust, Inc. (QTS) to Release Quarterly Earnings on Monday
QTS Realty Trust, Inc. (NYSE:QTS) will be issuing its quarterly earnings data after the market closes on Monday, October 23rd. Analysts expect the company to announce earnings of $0.11 per share for the quarter. QTS Realty Trust has set its FY17 guidance at $2.66-2.78 EPS.
QTS Realty Trust (NYSE:QTS) last released its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The firm had revenue of $107.86 million for the quarter, compared to analyst estimates of $107.66 million. QTS Realty Trust had a return on equity of 2.04% and a net margin of 4.60%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. On average, analysts expect QTS Realty Trust to post $0.46 EPS for the current fiscal year and $0.60 EPS for the next fiscal year.
Shares of QTS Realty Trust, Inc. (QTS) opened at 53.68 on Monday. QTS Realty Trust, Inc. has a 1-year low of $43.01 and a 1-year high of $56.23. The firm has a 50-day moving average price of $53.28 and a 200 day moving average price of $52.50. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 136.94 and a beta of 0.45.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 22nd were issued a $0.39 dividend. The ex-dividend date was Thursday, September 21st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.91%. QTS Realty Trust’s dividend payout ratio (DPR) is presently 390.00%.
In other QTS Realty Trust news, COO James H. Reinhart sold 3,545 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $55.22, for a total transaction of $195,754.90. Following the sale, the chief operating officer now owns 74,837 shares of the company’s stock, valued at approximately $4,132,499.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Chad L. Williams sold 682,576 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $54.25, for a total transaction of $37,029,748.00. Following the sale, the chief executive officer now directly owns 236,526 shares in the company, valued at approximately $12,831,535.50. The disclosure for this sale can be found here. Insiders have sold a total of 732,541 shares of company stock worth $39,756,070 in the last three months. Insiders own 17.30% of the company’s stock.
QTS has been the topic of a number of research reports. BidaskClub cut shares of QTS Realty Trust from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Credit Suisse Group initiated coverage on shares of QTS Realty Trust in a report on Friday, June 30th. They issued a “neutral” rating and a $54.00 price target on the stock. Zacks Investment Research cut shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. TheStreet cut 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 issued a $60.00 price target on shares of QTS Realty Trust in a report on Friday, July 28th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. QTS Realty Trust has an average rating of “Buy” and a consensus price target of $56.64.
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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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