Brokerages expect QTS Realty Trust Inc (NYSE:QTS) to post earnings per share of $0.62 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for QTS Realty Trust’s earnings, with estimates ranging from $0.60 to $0.66. QTS Realty Trust reported earnings of $0.64 per share during the same quarter last year, which indicates a negative year over year growth rate of 3.1%. The company is scheduled to issue its next earnings results on Monday, May 7th.
On average, analysts expect that QTS Realty Trust will report full year earnings of $2.66 per share for the current financial year, with EPS estimates ranging from $2.52 to $3.03. For the next year, analysts forecast that the business will post earnings of $2.98 per share, with EPS estimates ranging from $2.80 to $3.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for QTS Realty Trust.
QTS Realty Trust (NYSE:QTS) last released its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.05. The business had revenue of $118.90 million during the quarter, compared to the consensus estimate of $118.30 million. QTS Realty Trust had a return on equity of 3.15% and a net margin of 0.29%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.64 EPS.
QTS Realty Trust (NYSE QTS) traded up $0.57 during trading hours on Wednesday, hitting $36.22. The stock had a trading volume of 228,030 shares, compared to its average volume of 858,587. The firm has a market cap of $1,746.13, a P/E ratio of 1,808.50, a PEG ratio of 0.68 and a beta of 0.71. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.24. QTS Realty Trust has a fifty-two week low of $31.58 and a fifty-two week high of $61.55.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 22nd will be issued a $0.41 dividend. This is a boost from QTS Realty Trust’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, March 21st. This represents a $1.64 annualized dividend and a yield of 4.53%. QTS Realty Trust’s payout ratio is 7,800.00%.
A number of institutional investors and hedge funds have recently bought and sold shares of QTS. California Public Employees Retirement System grew its holdings in QTS Realty Trust by 2.5% in the 2nd quarter. California Public Employees Retirement System now owns 12,500 shares of the real estate investment trust’s stock valued at $654,000 after buying an additional 300 shares during the period. First Trust Advisors LP grew its holdings in QTS Realty Trust by 59.1% in the 3rd quarter. First Trust Advisors LP now owns 25,380 shares of the real estate investment trust’s stock valued at $1,329,000 after buying an additional 9,428 shares during the period. Aperio Group LLC grew its holdings in QTS Realty Trust by 10.2% in the 3rd quarter. Aperio Group LLC now owns 10,904 shares of the real estate investment trust’s stock valued at $571,000 after buying an additional 1,008 shares during the period. Jennison Associates LLC grew its holdings in QTS Realty Trust by 39.7% in the 3rd quarter. Jennison Associates LLC now owns 1,223,816 shares of the real estate investment trust’s stock valued at $64,079,000 after buying an additional 347,554 shares during the period. Finally, FDx Advisors Inc. purchased a new stake in QTS Realty Trust in the 3rd quarter valued at about $354,000.
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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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