Q1 2018 EPS Estimates for QTS Realty Trust, Inc. Lowered by SunTrust Banks (QTS)
QTS Realty Trust, Inc. (NYSE:QTS) – Analysts at SunTrust Banks lowered their Q1 2018 earnings estimates for shares of QTS Realty Trust in a report released on Wednesday. SunTrust Banks analyst G. Miller now forecasts that the real estate investment trust will post earnings per share of $0.70 for the quarter, down from their prior forecast of $0.72. SunTrust Banks currently has a “Buy” rating and a $64.00 price objective on the stock. SunTrust Banks also issued estimates for QTS Realty Trust’s Q4 2018 earnings at $0.82 EPS.
QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.59. The company had revenue of $113.77 million during the quarter, compared to analyst estimates of $113.64 million. QTS Realty Trust had a return on equity of 2.13% and a net margin of 4.67%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 earnings per share. ILLEGAL ACTIVITY WARNING: “Q1 2018 EPS Estimates for QTS Realty Trust, Inc. Lowered by SunTrust Banks (QTS)” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/30/q1-2018-eps-estimates-for-qts-realty-trust-inc-lowered-by-suntrust-banks-qts.html.
QTS has been the subject of several other reports. Deutsche Bank AG reiterated a “hold” rating and set a $52.00 price objective (down from $53.00) on shares of QTS Realty Trust in a research note on Friday, August 11th. Morgan Stanley reiterated an “equal weight” rating and set a $58.00 price objective (up from $53.00) on shares of QTS Realty Trust in a research note on Friday, August 25th. Zacks Investment Research lowered QTS Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Credit Suisse Group set a $55.00 price objective on QTS Realty Trust and gave the stock a “hold” rating in a research note on Thursday. Finally, TheStreet lowered QTS Realty Trust from a “b-” rating to a “c” rating in a research note on Tuesday, July 25th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $57.54.
Shares of QTS Realty Trust (NYSE:QTS) opened at 56.29 on Monday. QTS Realty Trust has a 1-year low of $43.01 and a 1-year high of $58.79. The stock has a 50 day moving average price of $53.72 and a 200 day moving average price of $52.88. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 143.60 and a beta of 0.45.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Friday, September 22nd were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Thursday, September 21st. QTS Realty Trust’s dividend payout ratio is currently 380.50%.
In other news, CEO Chad L. Williams sold 682,576 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $54.25, for a total transaction of $37,029,748.00. Following the transaction, the chief executive officer now directly owns 236,526 shares in the company, valued at approximately $12,831,535.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jon D. Greaves sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $54.39, for a total value of $135,975.00. Following the transaction, the insider now owns 24,717 shares in the company, valued at $1,344,357.63. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 732,541 shares of company stock worth $39,756,070. Insiders own 17.30% of the company’s stock.
Several institutional investors have recently modified their holdings of QTS. Oppenheimer Asset Management Inc. acquired a new position in QTS Realty Trust in the first quarter valued at approximately $113,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in QTS Realty Trust by 15.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,399 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 453 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in QTS Realty Trust in the second quarter valued at approximately $200,000. PNC Financial Services Group Inc. lifted its holdings in QTS Realty Trust by 4,127.7% in the second quarter. PNC Financial Services Group Inc. now owns 3,974 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 3,880 shares during the last quarter. Finally, Harbor Advisors LLC acquired a new position in QTS Realty Trust in the second quarter valued at approximately $209,000.
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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