Equities research analysts expect QTS Realty Trust, Inc. (NYSE:QTS) to announce sales of $108.04 million for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for QTS Realty Trust’s earnings. The highest sales estimate is $109.98 million and the lowest is $107.10 million. QTS Realty Trust reported sales of $98.69 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.5%. The business is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, July 25th.

According to Zacks, analysts expect that QTS Realty Trust will report full year sales of $108.04 million for the current financial year, with estimates ranging from $443.27 million to $454.38 million. For the next fiscal year, analysts forecast that the company will report sales of $516.45 million per share, with estimates ranging from $468.79 million to $567.25 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for QTS Realty Trust.

QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. QTS Realty Trust had a net margin of 4.96% and a return on equity of 2.14%. The business had revenue of $106 million for the quarter, compared to analyst estimates of $105.36 million. During the same quarter in the prior year, the business earned $0.68 EPS. QTS Realty Trust’s quarterly revenue was up 11.8% on a year-over-year basis.

QTS has been the topic of several research reports. Jefferies Group LLC reissued a “buy” rating on shares of QTS Realty Trust in a research report on Monday, May 8th. Zacks Investment Research raised shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Deutsche Bank AG boosted their price target on shares of QTS Realty Trust from $49.00 to $51.00 and gave the stock a “hold” rating in a research note on Tuesday, April 18th. Macquarie reissued a “buy” rating and issued a $55.00 price target on shares of QTS Realty Trust in a research note on Thursday, April 6th. Finally, J P Morgan Chase & Co cut shares of QTS Realty Trust from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $58.00 to $56.00 in a research note on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. QTS Realty Trust has a consensus rating of “Buy” and an average target price of $56.75.

In other QTS Realty Trust news, Director Stephen E. Westhead sold 10,000 shares of QTS Realty Trust stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $53.08, for a total transaction of $530,800.00. Following the completion of the transaction, the director now directly owns 11,924 shares of the company’s stock, valued at $632,925.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen E. Westhead sold 11,000 shares of QTS Realty Trust stock in a transaction on Friday, May 26th. The stock was sold at an average price of $52.36, for a total transaction of $575,960.00. Following the transaction, the director now directly owns 12,924 shares of the company’s stock, valued at $676,700.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,317 shares of company stock valued at $1,272,373. 17.30% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in QTS Realty Trust by 1.3% in the first quarter. Principal Financial Group Inc. now owns 6,642 shares of the real estate investment trust’s stock valued at $324,000 after buying an additional 82 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in QTS Realty Trust by 5.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,946 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 157 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in QTS Realty Trust by 1.1% in the first quarter. Thrivent Financial For Lutherans now owns 18,980 shares of the real estate investment trust’s stock valued at $925,000 after buying an additional 200 shares during the last quarter. SeaBridge Investment Advisors LLC increased its stake in QTS Realty Trust by 3.4% in the first quarter. SeaBridge Investment Advisors LLC now owns 7,340 shares of the real estate investment trust’s stock valued at $358,000 after buying an additional 240 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in QTS Realty Trust by 2.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 17,123 shares of the real estate investment trust’s stock valued at $850,000 after buying an additional 370 shares during the last quarter.

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QTS Realty Trust (NYSE QTS) opened at 54.28 on Friday. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 128.93 and a beta of 0.47. QTS Realty Trust has a 12 month low of $43.01 and a 12 month high of $59.41. The firm’s 50 day moving average is $52.62 and its 200-day moving average is $51.07.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Friday, June 16th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Wednesday, June 14th. QTS Realty Trust’s dividend payout ratio (DPR) is presently 371.44%.

QTS Realty Trust Company Profile

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

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