Wall Street analysts predict that QTS Realty Trust Inc Class A (NYSE:QTS) will report $0.60 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for QTS Realty Trust Inc Class A’s earnings. The lowest EPS estimate is $0.55 and the highest is $0.65. QTS Realty Trust Inc Class A posted earnings of $0.70 per share in the same quarter last year, which would suggest a negative year over year growth rate of 14.3%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, October 23rd.

According to Zacks, analysts expect that QTS Realty Trust Inc Class A will report full year earnings of $2.50 per share for the current fiscal year, with EPS estimates ranging from $2.39 to $2.60. For the next financial year, analysts forecast that the company will report earnings of $2.69 per share, with EPS estimates ranging from $2.51 to $2.93. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for QTS Realty Trust Inc Class A.

QTS Realty Trust Inc Class A (NYSE:QTS) last issued its quarterly earnings data on Wednesday, July 25th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.09. The firm had revenue of $102.55 million during the quarter, compared to analysts’ expectations of $101.79 million. QTS Realty Trust Inc Class A had a positive return on equity of 1.46% and a negative net margin of 2.90%. QTS Realty Trust Inc Class A’s revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share.

QTS has been the subject of several research reports. ValuEngine raised QTS Realty Trust Inc Class A from a “strong sell” rating to a “sell” rating in a report on Monday, July 2nd. Stifel Nicolaus set a $48.00 price objective on QTS Realty Trust Inc Class A and gave the stock a “buy” rating in a report on Tuesday, July 17th. BMO Capital Markets initiated coverage on QTS Realty Trust Inc Class A in a report on Tuesday, July 17th. They set an “outperform” rating and a $51.00 price objective for the company. Wells Fargo & Co lifted their price objective on QTS Realty Trust Inc Class A from $38.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, July 18th. Finally, Zacks Investment Research cut QTS Realty Trust Inc Class A from a “hold” rating to a “strong sell” rating in a report on Saturday, July 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $48.73.

Shares of QTS stock opened at $45.04 on Thursday. The firm has a market cap of $2.30 billion, a P/E ratio of 16.32, a PEG ratio of 1.22 and a beta of 0.65. QTS Realty Trust Inc Class A has a 1 year low of $31.58 and a 1 year high of $61.55. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.81.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 4th. Shareholders of record on Thursday, September 20th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Wednesday, September 19th. QTS Realty Trust Inc Class A’s payout ratio is 59.42%.

In related news, Director Catherine R. Kinney purchased 1,400 shares of the company’s stock in a transaction on Monday, August 6th. The stock was bought at an average price of $44.07 per share, with a total value of $61,698.00. Following the completion of the transaction, the director now owns 11,657 shares of the company’s stock, valued at approximately $513,723.99. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen E. Westhead sold 1,924 shares of the firm’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $46.25, for a total value of $88,985.00. Following the transaction, the director now directly owns 5,014 shares of the company’s stock, valued at approximately $231,897.50. The disclosure for this sale can be found here. Company insiders own 16.10% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Point72 Asia Hong Kong Ltd purchased a new position in QTS Realty Trust Inc Class A during the first quarter worth $148,000. Quantbot Technologies LP purchased a new position in QTS Realty Trust Inc Class A during the first quarter worth $187,000. OppenheimerFunds Inc. purchased a new position in QTS Realty Trust Inc Class A during the second quarter worth $209,000. Commonwealth Equity Services LLC purchased a new position in QTS Realty Trust Inc Class A during the second quarter worth $221,000. Finally, WINTON GROUP Ltd purchased a new position in QTS Realty Trust Inc Class A during the first quarter worth $204,000.

QTS Realty Trust Inc Class A Company Profile

QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of secure, compliant data center solutions, hybrid cloud and fully managed services. QTS' integrated technology service platform of hyperscale and hybrid colocation provide flexible, scalable, secure IT solutions for web and IT applications.

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

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