QTS Realty Trust, Inc. to Post FY2019 Earnings of $3.49 Per Share, KeyCorp Forecasts (QTS)
QTS Realty Trust, Inc. (NYSE:QTS) – KeyCorp issued their FY2019 earnings per share (EPS) estimates for QTS Realty Trust in a report released on Monday. KeyCorp analyst J. Sadler anticipates that the real estate investment trust will earn $3.49 per share for the year.
Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $60.00 price target on shares of QTS Realty Trust in a research report on Wednesday, September 6th. BidaskClub raised QTS Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. J P Morgan Chase & Co boosted their price objective on QTS Realty Trust from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday. TheStreet raised QTS Realty Trust from a “c” rating to a “b-” rating in a research note on Tuesday, October 24th. Finally, Zacks Investment Research raised QTS Realty Trust from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Tuesday, October 17th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $57.85.
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QTS Realty Trust (NYSE:QTS) last released its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.59. The company had revenue of $113.77 million for 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%. QTS Realty Trust’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 earnings per share.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 22nd were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Thursday, September 21st. QTS Realty Trust’s dividend payout ratio (DPR) is currently 380.50%.
In related news, COO James H. Reinhart sold 3,545 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $55.22, for a total transaction of $195,754.90. Following the transaction, the chief operating officer now directly owns 74,837 shares of the company’s stock, valued at approximately $4,132,499.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jon D. Greaves sold 2,500 shares of the company’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 directly 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 ninety days, insiders have sold 732,541 shares of company stock worth $39,756,070. 17.30% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. acquired a new position in QTS Realty Trust during the 1st quarter worth approximately $113,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in QTS Realty Trust by 15.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,399 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 453 shares during the period. Teacher Retirement System of Texas acquired a new position in QTS Realty Trust during the 2nd quarter worth approximately $200,000. PNC Financial Services Group Inc. raised its stake in QTS Realty Trust by 4,127.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,974 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 3,880 shares during the period. Finally, Harbor Advisors LLC acquired a new position in QTS Realty Trust during the 2nd quarter worth 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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