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QTS Realty Trust Inc (NYSE:QTS) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.95-2.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.99, ARN reports.

A number of research firms have recently commented on QTS. Analysts at Stephens initiated coverage on shares of QTS Realty Trust in a research note on Friday, May 30th. They set an equal weight rating and a $32.00 price target on the stock. On a related note, analysts at Goldman Sachs raised their price target on shares of QTS Realty Trust from $27.00 to $30.50 in a research note on Thursday, May 15th. Finally, analysts at Jefferies Group raised their price target on shares of QTS Realty Trust from $30.00 to $33.00 in a research note on Wednesday, May 14th. They now have a buy rating on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. QTS Realty Trust presently has an average rating of Buy and a consensus price target of $28.40.

QTS Realty Trust Inc (NYSE:QTS) traded down 1.23% during mid-day trading on Tuesday, hitting $28.05. 112,506 shares of the company’s stock traded hands. QTS Realty Trust Inc has a 1-year low of $19.06 and a 1-year high of $29.98. The stock’s 50-day moving average is $28.59 and its 200-day moving average is $26.45. The company has a market cap of $809.6 million and a P/E ratio of 86.85.

QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.02. The company had revenue of $51.34 million for the quarter, compared to the consensus estimate of $50.72 million. The company’s quarterly revenue was up 19.7% on a year-over-year basis. On average, analysts predict that QTS Realty Trust Inc will post $1.98 earnings per share for the current fiscal year.

QTS Realty Trust, Inc is a owner, developer and operator of carrier-neutral, multi-tenant data centers.

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