QTS Realty Trust Inc (NYSE:QTS) – Analysts at Jefferies Group cut their FY2019 earnings per share (EPS) estimates for QTS Realty Trust in a research note issued on Tuesday. Jefferies Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings of $3.28 per share for the year, down from their prior forecast of $3.34. Jefferies Group currently has a “Buy” rating and a $65.00 price target on the stock.
QTS has been the topic of several other research reports. TheStreet raised QTS Realty Trust from a “c” rating to a “b-” rating in a research report on Tuesday, October 24th. Credit Suisse Group set a $55.00 target price on QTS Realty Trust and gave the company a “hold” rating in a research report on Thursday, October 26th. Wells Fargo & Co upped their target price on QTS Realty Trust from $62.50 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, November 15th. Zacks Investment Research downgraded QTS Realty Trust from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Finally, SunTrust Banks upped their target price on QTS Realty Trust from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $58.08.
QTS Realty Trust (NYSE:QTS) last posted its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 EPS for the quarter, beating the consensus estimate of $0.11 by $0.59. QTS Realty Trust had a return on equity of 2.10% and a net margin of 4.67%. The company had revenue of $113.77 million for the quarter, compared to the consensus estimate of $113.64 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis.
The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Tuesday, December 5th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Monday, December 4th. QTS Realty Trust’s dividend payout ratio is currently 433.33%.
In related news, EVP William H. Schafer sold 12,500 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $54.46, for a total transaction of $680,750.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daniel T. Bennewitz sold 9,144 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $57.46, for a total value of $525,414.24. Following the sale, the insider now directly owns 58,624 shares in the company, valued at approximately $3,368,535.04. The disclosure for this sale can be found here. Insiders have sold 37,201 shares of company stock worth $2,112,933 in the last three months. 17.30% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its position in QTS Realty Trust by 19.1% during the third quarter. Wells Fargo & Company MN now owns 241,943 shares of the real estate investment trust’s stock worth $12,669,000 after buying an additional 38,858 shares in the last quarter. Bank of New York Mellon Corp grew its position in QTS Realty Trust by 141.8% during the third quarter. Bank of New York Mellon Corp now owns 645,265 shares of the real estate investment trust’s stock worth $33,785,000 after buying an additional 378,397 shares in the last quarter. BlackRock Inc. grew its position in QTS Realty Trust by 3.6% during the second quarter. BlackRock Inc. now owns 4,198,833 shares of the real estate investment trust’s stock worth $219,723,000 after buying an additional 145,235 shares in the last quarter. Legal & General Group Plc grew its position in QTS Realty Trust by 14.5% during the third quarter. Legal & General Group Plc now owns 136,139 shares of the real estate investment trust’s stock worth $7,127,000 after buying an additional 17,273 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new stake in QTS Realty Trust during the third quarter worth approximately $9,637,000.
QTS Realty Trust Company Profile
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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