Jefferies Group Comments on QTS Realty Trust Inc’s FY2019 Earnings (QTS)

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) traded down $2.47 during trading on Wednesday, hitting $50.00. The stock had a trading volume of 1,360,000 shares, compared to its average volume of 455,643. QTS Realty Trust has a 52 week low of $46.32 and a 52 week high of $61.55. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $2,520.00, a P/E ratio of 138.89, a price-to-earnings-growth ratio of 0.92 and a beta of 0.44.

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.

TRADEMARK VIOLATION WARNING: “Jefferies Group Comments on QTS Realty Trust Inc’s FY2019 Earnings (QTS)” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/17/jefferies-group-comments-on-qts-realty-trust-incs-fy2019-earnings-qts.html.

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.

Earnings History and Estimates for QTS Realty Trust (NYSE:QTS)

Receive News & Ratings for QTS Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QTS Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply