QTS Realty Trust, Inc. (NYSE:QTS) – Stock analysts at SunTrust Banks decreased their Q4 2017 earnings per share (EPS) estimates for QTS Realty Trust in a research note issued on Wednesday. SunTrust Banks analyst G. Miller now expects that the real estate investment trust will earn $0.75 per share for the quarter, down from their prior forecast of $0.76. SunTrust Banks has a “Buy” rating and a $64.00 price objective on the stock.
Several other equities analysts also recently commented on QTS. BidaskClub upgraded shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Morgan Stanley reiterated an “equal weight” rating and set a $58.00 price target (up from $53.00) on shares of QTS Realty Trust in a report on Friday, August 25th. Royal Bank of Canada reiterated a “buy” rating and set a $60.00 price target on shares of QTS Realty Trust in a report on Wednesday, September 6th. Zacks Investment Research upgraded shares of QTS Realty Trust from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Tuesday, October 17th. Finally, TheStreet upgraded shares of QTS Realty Trust from a “c” rating to a “b-” rating in a report on Tuesday, October 24th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. QTS Realty Trust currently has a consensus rating of “Buy” and an average price target of $59.00.
QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 EPS for the quarter, beating the consensus estimate of $0.11 by $0.59. The company had revenue of $113.77 million for the quarter, compared to the consensus estimate of $113.64 million. QTS Realty Trust had a net margin of 4.67% and a return on equity of 2.10%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 EPS.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, December 5th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $1.56 dividend on an annualized basis and a yield of 2.84%. QTS Realty Trust’s dividend payout ratio is currently 380.50%.
In other news, COO James H. Reinhart sold 4,050 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $58.42, for a total value of $236,601.00. Following the completion of the sale, the chief operating officer now owns 65,595 shares of the company’s stock, valued at approximately $3,832,059.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William H. Schafer sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $54.46, for a total transaction of $680,750.00. The disclosure for this sale can be found here. Insiders sold a total of 37,201 shares of company stock worth $2,112,933 over the last 90 days. Insiders own 17.30% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Eii Capital Management Inc. purchased a new stake in shares of QTS Realty Trust in the 3rd quarter worth approximately $889,000. California Public Employees Retirement System lifted its position in shares of QTS Realty Trust by 46.6% in the 3rd quarter. California Public Employees Retirement System now owns 18,325 shares of the real estate investment trust’s stock worth $959,000 after purchasing an additional 5,825 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of QTS Realty Trust in the 3rd quarter worth approximately $298,000. Highbridge Capital Management LLC purchased a new stake in shares of QTS Realty Trust in the 3rd quarter worth approximately $2,932,000. Finally, AMP Capital Investors Ltd lifted its position in shares of QTS Realty Trust by 12.7% in the 3rd quarter. AMP Capital Investors Ltd now owns 7,994 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 900 shares during the period.
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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