QTS Realty Trust, Inc. (NYSE:QTS) – Jefferies Group lifted their FY2017 earnings per share estimates for QTS Realty Trust in a report released on Monday. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will post earnings of $2.73 per share for the year, up from their previous estimate of $2.70. Jefferies Group also issued estimates for QTS Realty Trust’s FY2018 earnings at $3.15 EPS and FY2019 earnings at $3.84 EPS.

QTS has been the topic of a number of other research reports. TheStreet upgraded QTS Realty Trust from a “c” rating to a “b-” rating in a research note on Tuesday, October 24th. Morgan Stanley reaffirmed an “equal weight” rating and set a $58.00 target price (up from $53.00) on shares of QTS Realty Trust in a research report on Friday, August 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 target price on shares of QTS Realty Trust in a research report on Wednesday, September 6th. Credit Suisse Group set a $55.00 target price on QTS Realty Trust and gave the stock a “hold” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research raised QTS Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. QTS Realty Trust currently has a consensus rating of “Buy” and an average price target of $57.85.

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QTS Realty Trust (QTS) opened at $61.04 on Tuesday. The company has a market capitalization of $3,025.55, a PE ratio of 23.05, a price-to-earnings-growth ratio of 1.03 and a beta of 0.48. QTS Realty Trust has a one year low of $43.95 and a one year high of $61.55. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.84 and a current ratio of 0.84.

QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.59. The company had revenue of $113.77 million for the quarter, compared to analysts’ expectations of $113.64 million. QTS Realty Trust had a return on equity of 2.10% and a net margin of 4.67%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Tuesday, December 5th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.56%. The ex-dividend date is Monday, December 4th. QTS Realty Trust’s dividend payout ratio is currently 380.50%.

In related news, insider Jon D. Greaves sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $54.39, for a total value of $135,975.00. Following the completion of the sale, the insider now directly owns 24,717 shares of the company’s stock, valued at $1,344,357.63. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey H. Berson sold 18,235 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $54.61, for a total value of $995,813.35. Following the completion of the sale, the chief financial officer now directly owns 51,751 shares of the company’s stock, valued at $2,826,122.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,540 shares of company stock valued at $2,213,225. 17.30% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in QTS Realty Trust by 1.3% in the first quarter. Principal Financial Group Inc. now owns 6,642 shares of the real estate investment trust’s stock valued at $324,000 after buying an additional 82 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in QTS Realty Trust by 0.4% in the second quarter. Janney Montgomery Scott LLC now owns 38,828 shares of the real estate investment trust’s stock valued at $2,032,000 after buying an additional 163 shares during the last quarter. GAM Holding AG increased its holdings in QTS Realty Trust by 5.2% in the second quarter. GAM Holding AG now owns 4,014 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 200 shares during the last quarter. California Public Employees Retirement System increased its holdings in QTS Realty Trust by 2.5% in the second 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 last quarter. Finally, Amalgamated Bank grew its holdings in shares of QTS Realty Trust by 5.4% during the second quarter. Amalgamated Bank now owns 6,045 shares of the real estate investment trust’s stock valued at $316,000 after purchasing an additional 309 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.

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

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