QTS Realty Trust Inc (NYSE:QTS) – Equities researchers at Jefferies Group dropped their Q1 2018 earnings estimates for QTS Realty Trust in a note issued to investors on Friday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will earn $0.64 per share for the quarter, down from their previous estimate of $0.71. Jefferies Group currently has a “Hold” rating and a $65.00 target price on the stock. Jefferies Group also issued estimates for QTS Realty Trust’s Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.66 EPS and FY2020 earnings at $3.09 EPS.
Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada cut their price target on QTS Realty Trust to $42.00 and set an “outperform” rating for the company in a report on Monday. They noted that the move was a valuation call. Guggenheim cut QTS Realty Trust from a “buy” rating to a “neutral” rating in a report on Thursday, February 22nd. 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 report on Monday, October 30th. Bank of America dropped their target price on QTS Realty Trust from $62.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. Finally, Wells Fargo & Co increased their target price on QTS Realty Trust from $62.50 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. QTS Realty Trust has an average rating of “Hold” and an average target price of $52.77.
QTS Realty Trust (NYSE:QTS) last posted its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. The firm had revenue of $118.90 million during the quarter, compared to analysts’ expectations of $118.30 million. QTS Realty Trust had a negative return on equity of 7.95% and a negative net margin of 16.41%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 EPS.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 22nd will be issued a $0.41 dividend. The ex-dividend date is Wednesday, March 21st. This is a boost from QTS Realty Trust’s previous quarterly dividend of $0.39. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.93%. QTS Realty Trust’s dividend payout ratio is presently -1,950.00%.
In other 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 value of $680,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 17.30% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its position in QTS Realty Trust by 19.1% during the 3rd quarter. Wells Fargo & Company MN now owns 241,943 shares of the real estate investment trust’s stock worth $12,669,000 after acquiring an additional 38,858 shares during the last quarter. RMR Advisors LLC bought a new stake in QTS Realty Trust during the 4th quarter worth approximately $542,000. Bank of New York Mellon Corp grew its position in QTS Realty Trust by 141.8% during the 3rd 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 acquiring an additional 378,397 shares during the last quarter. Dimensional Fund Advisors LP grew its position in QTS Realty Trust by 3.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 689,730 shares of the real estate investment trust’s stock worth $36,114,000 after acquiring an additional 25,487 shares during the last quarter. Finally, Sit Investment Associates Inc. grew its position in QTS Realty Trust by 49.9% during the 4th quarter. Sit Investment Associates Inc. now owns 27,550 shares of the real estate investment trust’s stock worth $1,492,000 after acquiring an additional 9,165 shares during the last quarter.
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.
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