QTS Realty Trust (QTS) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS
QTS Realty Trust (NYSE:QTS) announced its earnings results on Tuesday. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.02, Analyst Ratings Network reports. 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. QTS Realty Trust updated its FY14 guidance to $1.95-2.05 EPS.
Shares of QTS Realty Trust (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 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 price-to-earnings ratio of 86.85.
A number of analysts have recently weighed in on QTS shares. 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 analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $28.40.
QTS Realty Trust, Inc is a owner, developer and operator of carrier-neutral, multi-tenant data centers.
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