Wall Street brokerages expect QTS Realty Trust Inc (NYSE:QTS) to post $0.73 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for QTS Realty Trust’s earnings. The lowest EPS estimate is $0.67 and the highest is $0.77. QTS Realty Trust posted earnings per share of $0.64 in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.1%. The company is scheduled to announce its next earnings results after the market closes on Tuesday, February 20th.
On average, analysts expect that QTS Realty Trust will report full-year earnings of $2.70 per share for the current financial year, with EPS estimates ranging from $2.63 to $2.74. For the next fiscal year, analysts anticipate that the company will post earnings of $2.93 per share, with EPS estimates ranging from $2.88 to $3.03. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover QTS Realty Trust.
A number of equities research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on QTS Realty Trust from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research upgraded QTS Realty Trust from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday, October 17th. Wells Fargo & Co upped their price target 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. TheStreet upgraded QTS Realty Trust from a “c” rating to a “b-” rating in a research report on Tuesday, October 24th. Finally, Credit Suisse Group set a $55.00 price target on QTS Realty Trust and gave the company a “hold” rating in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $58.08.
Institutional investors have recently made changes to their positions in the stock. Brookfield Asset Management Inc. raised its stake in 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 worth $87,535,000 after buying an additional 120,695 shares during the period. Jennison Associates LLC raised its stake in QTS Realty Trust by 18.2% during the 4th quarter. Jennison Associates LLC now owns 1,446,978 shares of the real estate investment trust’s stock worth $78,368,000 after buying an additional 223,162 shares during the period. State Street Corp raised its stake in QTS Realty Trust by 6.4% during the 2nd quarter. State Street Corp now owns 1,050,113 shares of the real estate investment trust’s stock worth $54,953,000 after buying an additional 62,812 shares during the period. PGGM Investments raised its stake in QTS Realty Trust by 142.9% during the 4th quarter. PGGM Investments now owns 1,020,000 shares of the real estate investment trust’s stock worth $55,243,000 after buying an additional 600,000 shares during the period. Finally, APG Asset Management US Inc. raised its stake in QTS Realty Trust by 57.7% during the 4th quarter. APG Asset Management US Inc. now owns 985,500 shares of the real estate investment trust’s stock worth $53,375,000 after buying an additional 360,500 shares during the period.
QTS Realty Trust (NYSE QTS) traded down $2.41 during midday trading on Thursday, hitting $44.49. The company’s stock had a trading volume of 794,164 shares, compared to its average volume of 486,284. QTS Realty Trust has a 1 year low of $44.45 and a 1 year high of $61.55. The company has a market cap of $2,359.08, a price-to-earnings ratio of 108.51, a PEG ratio of 0.84 and a beta of 0.29. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.84 and a quick ratio of 0.84.
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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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