QTS Realty Trust Inc (NYSE:QTS) declared a quarterly dividend on Wednesday, July 29th, Zacks reports. Stockholders of record on Friday, September 18th will be paid a dividend of 0.47 per share by the real estate investment trust on Tuesday, October 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Thursday, September 17th.

QTS Realty Trust has raised its dividend payment by 22.2% over the last three years and has increased its dividend annually for the last 5 consecutive years. QTS Realty Trust has a dividend payout ratio of 1,342.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect QTS Realty Trust to earn $2.52 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 74.6%.

Shares of QTS stock opened at $64.41 on Wednesday. QTS Realty Trust has a 12-month low of $42.64 and a 12-month high of $72.60. The company has a market cap of $3.95 billion, a price-to-earnings ratio of -207.77 and a beta of 0.48. The stock has a 50 day simple moving average of $67.90 and a 200-day simple moving average of $62.97. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.52.

QTS Realty Trust (NYSE:QTS) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.63). QTS Realty Trust had a net margin of 3.90% and a return on equity of 1.87%. The firm had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $129.99 million. During the same period in the previous year, the business earned $0.65 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities analysts forecast that QTS Realty Trust will post 2.24 earnings per share for the current fiscal year.

In other QTS Realty Trust news, Director John W. Barter sold 2,400 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $68.12, for a total value of $163,488.00. Following the transaction, the director now directly owns 10,634 shares of the company’s stock, valued at $724,388.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shirley E. Goza sold 15,417 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $70.73, for a total value of $1,090,444.41. Following the completion of the transaction, the insider now directly owns 29,152 shares in the company, valued at $2,061,920.96. The disclosure for this sale can be found here. Insiders sold 81,844 shares of company stock worth $5,741,937 in the last quarter. 13.90% of the stock is owned by insiders.

Several equities analysts recently weighed in on the company. Raymond James raised QTS Realty Trust from a “market perform” rating to an “outperform” rating and set a $74.00 price objective for the company in a research note on Wednesday, July 29th. Zacks Investment Research downgraded QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 28th. Credit Suisse Group reissued a “hold” rating on shares of QTS Realty Trust in a research report on Tuesday, July 28th. Deutsche Bank began coverage on QTS Realty Trust in a research report on Friday, June 5th. They set a “hold” rating and a $69.00 price target for the company. Finally, Jefferies Financial Group reissued a “buy” rating on shares of QTS Realty Trust in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $71.60.

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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Dividend History for QTS Realty Trust (NYSE:QTS)

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