QTS Realty Trust Inc (NYSE:QTS) – KeyCorp cut their FY2019 earnings per share estimates for QTS Realty Trust in a report issued on Sunday. KeyCorp analyst J. Sadler now anticipates that the real estate investment trust will earn $3.30 per share for the year, down from their previous forecast of $3.42. KeyCorp currently has a “Buy” rating and a $40.00 price objective on the stock.
Several other research analysts have also recently weighed in on QTS. Credit Suisse Group set a $55.00 price target on shares of QTS Realty Trust and gave the stock a “hold” rating in a research note on Tuesday, November 14th. Wells Fargo & Co lifted their price target on shares of QTS Realty Trust from $62.50 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th. Jefferies Group dropped their price target on shares of QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, November 20th. Zacks Investment Research cut shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Finally, Raymond James Financial cut shares of QTS Realty Trust from an “outperform” rating to an “underperform” rating in a research note on Wednesday, February 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. QTS Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $51.86.
QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.05. The business had revenue of $118.90 million for the quarter, compared to analysts’ expectations of $118.30 million. QTS Realty Trust had a net margin of 0.29% and a return on equity of 3.15%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 EPS.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB bought a new stake in QTS Realty Trust in the 4th quarter valued at $240,000. MetLife Investment Advisors LLC bought a new stake in QTS Realty Trust in the 4th quarter valued at $1,236,000. Land & Buildings Investment Management LLC increased its holdings in QTS Realty Trust by 23.2% in the 4th quarter. Land & Buildings Investment Management LLC now owns 478,860 shares of the real estate investment trust’s stock valued at $25,935,000 after acquiring an additional 90,070 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in QTS Realty Trust in the 4th quarter valued at $1,378,000. Finally, Ellington Management Group LLC bought a new stake in QTS Realty Trust in the 4th quarter valued at $222,000.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 22nd will be paid a dividend of $0.41 per share. This is a boost from QTS Realty Trust’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.52%. QTS Realty Trust’s payout ratio is 7,800.00%.
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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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