QTS Realty Trust, Inc. (QTS) Posts Earnings Results, Beats Expectations By $0.59 EPS
QTS Realty Trust, Inc. (NYSE:QTS) released its quarterly earnings results on Monday. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.59, Bloomberg Earnings reports. QTS Realty Trust had a net margin of 4.60% and a return on equity of 2.04%. The business had revenue of $113.77 million for the quarter, compared to analyst estimates of $113.64 million. During the same quarter in the previous year, the business earned $0.67 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year.
QTS Realty Trust (QTS) traded up 0.26% during mid-day trading on Tuesday, reaching $54.80. 586,976 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $53.56 and a 200-day moving average price of $52.79. QTS Realty Trust has a 1-year low of $43.01 and a 1-year high of $56.31. The stock has a market cap of $2.67 billion, a P/E ratio of 139.80 and a beta of 0.45.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Friday, September 22nd were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Thursday, September 21st. QTS Realty Trust’s dividend payout ratio is 390.00%.
QTS has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 price objective on shares of QTS Realty Trust in a research report on Wednesday, September 6th. BidaskClub raised shares of QTS Realty Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research raised shares of QTS Realty Trust from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Tuesday, October 17th. TheStreet downgraded shares of QTS Realty Trust from a “b-” rating to a “c” rating in a research report on Tuesday, July 25th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $58.00 price objective (up from $53.00) on shares of QTS Realty Trust in a research report on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $56.92.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/24/qts-realty-trust-inc-qts-posts-earnings-results-beats-expectations-by-0-59-eps.html.
In other news, CEO Chad L. Williams sold 682,576 shares of QTS Realty Trust stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $54.25, for a total value of $37,029,748.00. Following the sale, the chief executive officer now directly owns 236,526 shares in the company, valued at $12,831,535.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William H. Schafer sold 16,260 shares of QTS Realty Trust stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $54.47, for a total transaction of $885,682.20. Following the completion of the sale, the executive vice president now owns 67,735 shares in the company, valued at $3,689,525.45. The disclosure for this sale can be found here. Insiders sold 732,541 shares of company stock worth $39,756,070 over the last quarter. 17.30% of the stock is owned by corporate insiders.
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.
Receive News & Ratings for QTS Realty Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QTS Realty Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.