Analysts Expect QTS Realty Trust Inc (QTS) Will Post Earnings of $0.73 Per Share

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.

In related news, COO James H. Reinhart sold 4,050 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $58.42, for a total transaction of $236,601.00. Following the sale, the chief operating officer now owns 65,595 shares in the company, valued at approximately $3,832,059.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel T. Bennewitz sold 9,144 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $57.46, for a total value of $525,414.24. Following the sale, the insider now owns 58,624 shares in the company, valued at approximately $3,368,535.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,201 shares of company stock worth $2,112,933. 17.30% of the stock is owned by corporate insiders.

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.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/08/analysts-expect-qts-realty-trust-inc-qts-will-post-earnings-of-0-73-per-share.html.

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.

Get a free copy of the Zacks research report on QTS Realty Trust (QTS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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