QTS Realty Trust, Inc. (QTS) Issues FY17 Earnings Guidance
QTS Realty Trust, Inc. (NYSE:QTS) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.68-2.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.70. The company issued revenue guidance of $447-455 million, compared to the consensus revenue estimate of $447.58 million.
QTS Realty Trust, Inc. (NYSE QTS) traded up 0.26% during midday trading on Tuesday, reaching $54.80. The company had a trading volume of 586,976 shares. The company’s 50-day moving average is $53.52 and its 200 day moving average is $52.76. The company has a market cap of $2.67 billion, a PE ratio of 139.80 and a beta of 0.45. QTS Realty Trust, Inc. has a 52-week low of $43.01 and a 52-week high of $56.31.
QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.63. The firm had revenue of $107.86 million for the quarter, compared to analysts’ expectations of $107.66 million. QTS Realty Trust had a return on equity of 2.04% and a net margin of 4.60%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share. On average, equities research analysts forecast that QTS Realty Trust, Inc. will post $0.46 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 22nd were paid a $0.39 dividend. The ex-dividend date was Thursday, September 21st. This represents a $1.56 annualized dividend and a dividend yield of 2.85%. QTS Realty Trust’s payout ratio is presently 390.00%.
Several analysts have commented on the stock. BidaskClub upgraded shares of QTS Realty Trust from a sell rating to a hold rating in a report on Monday, July 24th. Morgan Stanley reiterated an equal weight rating and set a $58.00 target price (up from $53.00) on shares of QTS Realty Trust in a report on Friday, August 25th. Royal Bank Of Canada reiterated a buy rating and set a $60.00 target price on shares of QTS Realty Trust in a report on Wednesday, September 6th. TheStreet lowered shares of QTS Realty Trust from a b- rating to a c rating in a report on Tuesday, July 25th. Finally, Deutsche Bank AG reiterated a hold rating and set a $52.00 target price (down from $53.00) on shares of QTS Realty Trust in a report on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $56.92.
In other news, insider Jon D. Greaves sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $54.39, for a total transaction of $135,975.00. Following the sale, the insider now directly owns 24,717 shares in the company, valued at approximately $1,344,357.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Chad L. Williams sold 682,576 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $54.25, for a total transaction of $37,029,748.00. Following the sale, the chief executive officer now owns 236,526 shares in the company, valued at $12,831,535.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 732,541 shares of company stock worth $39,756,070. Corporate insiders own 17.30% of the company’s stock.
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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