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.

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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.

Earnings History for QTS Realty Trust (NYSE:QTS)

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