Analysts Expect QTS Realty Trust, Inc. (QTS) Will Announce Earnings of $0.63 Per Share
Brokerages expect that QTS Realty Trust, Inc. (NYSE:QTS) will report earnings per share (EPS) of $0.63 for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for QTS Realty Trust’s earnings, with estimates ranging from $0.60 to $0.65. QTS Realty Trust also posted earnings per share of $0.63 during the same quarter last year. The company is expected to report its next quarterly earnings results after the market closes on Tuesday, July 25th.
On average, analysts expect that QTS Realty Trust will report full year earnings of $2.68 per share for the current fiscal year, with EPS estimates ranging from $2.59 to $2.74. For the next fiscal year, analysts forecast that the firm will report earnings of $3.09 per share, with EPS estimates ranging from $2.97 to $3.31. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for QTS Realty Trust.
QTS Realty Trust (NYSE:QTS) last issued its earnings results on Monday, May 1st. The real estate investment trust reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. The firm had revenue of $106 million for the quarter, compared to the consensus estimate of $105.36 million. QTS Realty Trust had a return on equity of 2.14% and a net margin of 4.96%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS.
Several research analysts have recently weighed in 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. BidaskClub cut shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Credit Suisse Group assumed 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. Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 price target on shares of QTS Realty Trust in a report on Friday, June 9th. Finally, J P Morgan Chase & Co cut shares of QTS Realty Trust from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $58.00 to $56.00 in a report on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. QTS Realty Trust has an average rating of “Buy” and a consensus target price of $57.38.
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In related news, Director Stephen E. Westhead sold 10,000 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $53.08, for a total value of $530,800.00. Following the transaction, the director now owns 11,924 shares of the company’s stock, valued at $632,925.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen E. Westhead sold 11,000 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $52.36, for a total value of $575,960.00. Following the completion of the transaction, the director now directly owns 12,924 shares in the company, valued at approximately $676,700.64. The disclosure for this sale can be found here. In the last three months, insiders sold 24,317 shares of company stock worth $1,272,373. 17.30% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted its position in QTS Realty Trust by 26.7% in the fourth quarter. GSA Capital Partners LLP now owns 6,813 shares of the real estate investment trust’s stock worth $338,000 after buying an additional 1,434 shares in the last quarter. Peregrine Capital Management LLC boosted its position in QTS Realty Trust by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 630,000 shares of the real estate investment trust’s stock worth $30,259,000 after buying an additional 43,464 shares in the last quarter. New Mexico Educational Retirement Board boosted its position in QTS Realty Trust by 113.0% in the first quarter. New Mexico Educational Retirement Board now owns 4,900 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 2,600 shares in the last quarter. Princeton Alpha Management LP purchased a new position in QTS Realty Trust during the first quarter worth approximately $319,000. Finally, Schroder Investment Management Group boosted its position in QTS Realty Trust by 261.0% in the first quarter. Schroder Investment Management Group now owns 358,300 shares of the real estate investment trust’s stock worth $17,327,000 after buying an additional 259,037 shares in the last quarter.
Shares of QTS Realty Trust (QTS) traded up 0.74% during midday trading on Friday, hitting $54.28. The company’s stock had a trading volume of 337,793 shares. QTS Realty Trust has a 52-week low of $43.01 and a 52-week high of $59.41. The firm has a market cap of $2.61 billion, a P/E ratio of 128.93 and a beta of 0.47. The stock’s 50 day moving average is $52.62 and its 200-day moving average is $51.07.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Friday, June 16th were paid a $0.39 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $1.56 dividend on an annualized basis and a yield of 2.87%. QTS Realty Trust’s dividend payout ratio is presently 371.44%.
About QTS Realty Trust
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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