Equities analysts expect QTS Realty Trust, Inc. (NYSE:QTS) to announce sales of $114.48 million for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for QTS Realty Trust’s earnings. The highest sales estimate is $116.93 million and the lowest is $113.21 million. QTS Realty Trust reported sales of $103.47 million during the same quarter last year, which indicates a positive year over year growth rate of 10.6%. The company is scheduled to announce its next quarterly earnings results on Tuesday, October 24th.

According to Zacks, analysts expect that QTS Realty Trust will report full year sales of $114.48 million for the current fiscal year, with estimates ranging from $443.27 million to $449.38 million. For the next financial year, analysts forecast that the business will post sales of $515.88 million per share, with estimates ranging from $468.79 million to $567.25 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow QTS Realty Trust.

QTS Realty Trust (NYSE:QTS) last posted its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. The firm had revenue of $107.86 million for the quarter, compared to analyst estimates of $107.66 million. QTS Realty Trust had a return on equity of 2.04% and a net margin of 4.60%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share.

A number of brokerages have commented on QTS. Deutsche Bank AG reaffirmed a “hold” rating and set a $52.00 price target (down previously from $53.00) on shares of QTS Realty Trust in a research report on Friday. BidaskClub cut shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 price target on shares of QTS Realty Trust in a research report on Friday, July 28th. Zacks Investment Research raised shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Finally, TheStreet cut shares of QTS Realty Trust from a “b-” rating to a “c” rating in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $57.08.

QTS Realty Trust (QTS) opened at 53.50 on Friday. QTS Realty Trust has a 12-month low of $43.01 and a 12-month high of $56.54. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 136.48 and a beta of 0.47. The firm’s 50-day moving average price is $52.99 and its 200 day moving average price is $51.39.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 22nd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.92%. QTS Realty Trust’s dividend payout ratio (DPR) is presently 390.00%.

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In related news, Director Stephen E. Westhead sold 1,217 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $50.25, for a total value of $61,154.25. Following the transaction, the director now owns 1,924 shares of the company’s stock, valued at approximately $96,681. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen E. Westhead sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $53.08, for a total transaction of $530,800.00. Following the completion of the transaction, the director now directly owns 11,924 shares in the company, valued at approximately $632,925.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,217 shares of company stock worth $1,167,914. 17.30% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of QTS Realty Trust by 0.4% in the second quarter. Vanguard Group Inc. now owns 7,041,576 shares of the real estate investment trust’s stock valued at $368,486,000 after buying an additional 30,800 shares during the last quarter. BlackRock Inc. boosted its position in shares of QTS Realty Trust by 3.6% in the second quarter. BlackRock Inc. now owns 4,198,833 shares of the real estate investment trust’s stock valued at $219,723,000 after buying an additional 145,235 shares during the last quarter. Morgan Stanley boosted its position in shares of QTS Realty Trust by 12.3% in the first quarter. Morgan Stanley now owns 1,907,080 shares of the real estate investment trust’s stock valued at $92,970,000 after buying an additional 208,318 shares during the last quarter. Brookfield Asset Management Inc. boosted its position in shares of QTS Realty Trust by 699.6% in the first quarter. Brookfield Asset Management Inc. now owns 1,552,050 shares of the real estate investment trust’s stock valued at $75,662,000 after buying an additional 1,357,950 shares during the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of QTS Realty Trust by 332.2% in the first quarter. Citadel Advisors LLC now owns 1,161,956 shares of the real estate investment trust’s stock valued at $56,645,000 after buying an additional 893,119 shares during the last quarter.

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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Earnings History and Estimates for QTS Realty Trust (NYSE:QTS)

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