QTS Realty Trust, Inc. (NYSE:QTS) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS
QTS Realty Trust, Inc. (NYSE:QTS) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01, Bloomberg Earnings reports. The business had revenue of $107.86 million during the quarter, compared to analysts’ expectations of $107.66 million. QTS Realty Trust had a return on equity of 2.14% and a net margin of 4.96%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 EPS. QTS Realty Trust updated its FY17 guidance to $2.66-2.78 EPS.
QTS Realty Trust (NYSE:QTS) traded down 1.51% during midday trading on Tuesday, reaching $53.46. The company had a trading volume of 544,180 shares. The company’s 50-day moving average is $52.68 and its 200 day moving average is $51.11. QTS Realty Trust has a 52-week low of $43.01 and a 52-week high of $59.41. The company has a market cap of $2.57 billion, a PE ratio of 126.98 and a beta of 0.47.
The business 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. The ex-dividend date was Wednesday, June 14th. This represents a $1.56 annualized dividend and a yield of 2.92%. QTS Realty Trust’s dividend payout ratio (DPR) is currently 371.44%.
Several equities research analysts recently commented on QTS shares. Jefferies Group LLC reissued a “buy” rating and issued a $62.00 price target on shares of QTS Realty Trust in a research note on Monday, March 27th. 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. Deutsche Bank AG boosted their price target on QTS Realty Trust from $49.00 to $51.00 and gave the company a “hold” rating in a research note on Tuesday, April 18th. Mitsubishi UFJ Financial Group started coverage on QTS Realty Trust in a research note on Tuesday, April 25th. They issued an “overweight” rating and a $58.00 price target for the company. Finally, Stifel Nicolaus reissued a “buy” rating on shares of QTS Realty Trust in a research note on Tuesday, April 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $56.75.
In other QTS Realty Trust news, Director Stephen E. Westhead sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 11,924 shares in the company, valued at $632,925.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen E. Westhead sold 1,217 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $50.25, for a total value of $61,154.25. Following the completion of the transaction, the director now owns 1,924 shares of the company’s stock, valued at $96,681. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,317 shares of company stock valued at $1,272,373. Corporate insiders own 17.30% of the company’s stock.
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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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