QTS Realty Trust (NYSE:QTS) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $2.55-2.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.59. The company issued revenue guidance of $408-422 million, compared to the consensus revenue estimate of $418.89 million.

Shares of QTS traded down $0.06 during midday trading on Wednesday, hitting $33.67. The company’s stock had a trading volume of 297,475 shares, compared to its average volume of 777,633. QTS Realty Trust has a one year low of $31.58 and a one year high of $61.55. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market cap of $1,704.13, a price-to-earnings ratio of 12.22, a PEG ratio of 0.65 and a beta of 0.58.

QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings results on Monday, April 30th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.56. QTS Realty Trust had a return on equity of 3.15% and a net margin of 0.29%. The company had revenue of $113.70 million for the quarter, compared to analyst estimates of $99.23 million. During the same quarter last year, the company posted $0.64 EPS. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. research analysts forecast that QTS Realty Trust will post 2.65 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Thursday, March 22nd were paid a $0.41 dividend. This is a positive change from QTS Realty Trust’s previous quarterly dividend of $0.39. The ex-dividend date was Wednesday, March 21st. This represents a $1.64 annualized dividend and a dividend yield of 4.87%. QTS Realty Trust’s dividend payout ratio (DPR) is presently 59.42%.

A number of research analysts have recently issued reports on QTS shares. Zacks Investment Research downgraded QTS Realty Trust from a hold rating to a sell rating in a research note on Thursday, January 4th. Credit Suisse Group downgraded QTS Realty Trust from a neutral rating to an underperform rating and set a $43.00 price objective on the stock. in a research note on Wednesday, January 17th. SunTrust Banks reissued a buy rating on shares of QTS Realty Trust in a research note on Thursday, February 22nd. Raymond James downgraded QTS Realty Trust from an outperform rating to an underperform rating in a research note on Wednesday, February 21st. Finally, Bank of America dropped their price objective on QTS Realty Trust from $62.00 to $45.00 and set a buy rating on the stock in a research note on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. QTS Realty Trust has an average rating of Hold and an average target price of $49.44.

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About QTS Realty Trust

QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of secure, compliant data center solutions, hybrid cloud and fully managed services. QTS' integrated technology service platform of custom data center (C1), colocation (C2) and cloud and managed services (C3) provides flexible, scalable, secure IT solutions for web and IT applications.

Earnings History and Estimates for QTS Realty Trust (NYSE:QTS)

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