QTS Realty Trust, Inc. (NYSE:QTS) – Analysts at SunTrust Banks decreased their Q4 2017 EPS estimates for QTS Realty Trust in a research note issued on Wednesday. SunTrust Banks analyst G. Miller now anticipates that the real estate investment trust will post earnings per share of $0.75 for the quarter, down from their prior forecast of $0.76. SunTrust Banks has a “Buy” rating and a $64.00 price objective on the stock.
QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.59. The firm had revenue of $113.77 million for the quarter, compared to analyst estimates of $113.64 million. QTS Realty Trust had a net margin of 4.67% and a return on equity of 2.10%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 earnings per share.
QTS Realty Trust (QTS) opened at $54.63 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $2,747.89, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 1.05 and a beta of 0.44. QTS Realty Trust has a 12-month low of $46.32 and a 12-month high of $61.55.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.86%. The ex-dividend date is Monday, December 4th. QTS Realty Trust’s payout ratio is 380.50%.
In other QTS Realty Trust news, insider Daniel T. Bennewitz sold 9,144 shares of QTS Realty Trust stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $57.46, for a total transaction of $525,414.24. Following the transaction, the insider now directly owns 58,624 shares in the company, valued at approximately $3,368,535.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO James H. Reinhart sold 4,050 shares of QTS Realty Trust stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $58.42, for a total transaction of $236,601.00. Following the transaction, the chief operating officer now owns 65,595 shares in the company, valued at $3,832,059.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,746 shares of company stock worth $2,308,688. Corporate insiders own 17.30% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of QTS Realty Trust by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 7,041,576 shares of the real estate investment trust’s stock valued at $368,486,000 after acquiring an additional 30,800 shares in the last quarter. BlackRock Inc. grew its holdings in shares of QTS Realty Trust by 3.6% during the 2nd quarter. BlackRock Inc. now owns 4,198,833 shares of the real estate investment trust’s stock valued at $219,723,000 after acquiring an additional 145,235 shares in the last quarter. Brookfield Asset Management Inc. grew its holdings in shares of QTS Realty Trust by 7.8% during the 2nd quarter. Brookfield Asset Management Inc. now owns 1,672,745 shares of the real estate investment trust’s stock valued at $87,535,000 after acquiring an additional 120,695 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of QTS Realty Trust by 39.7% during the 3rd quarter. Jennison Associates LLC now owns 1,223,816 shares of the real estate investment trust’s stock valued at $64,079,000 after acquiring an additional 347,554 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of QTS Realty Trust by 7.1% during the 2nd quarter. Voya Investment Management LLC now owns 1,206,826 shares of the real estate investment trust’s stock valued at $63,153,000 after acquiring an additional 79,518 shares in the last quarter.
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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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