QTS Realty Trust Inc (NYSE:QTS) announced a quarterly dividend on Wednesday, July 29th, Zacks reports. Investors of record on Friday, September 18th will be paid a dividend of 0.47 per share by the real estate investment trust on Tuesday, October 6th. This represents a $1.88 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, September 17th.

QTS Realty Trust has raised its dividend by 22.2% over the last three years and has increased its dividend annually for the last 5 consecutive years. QTS Realty Trust has a payout ratio of 1,342.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect QTS Realty Trust to earn $2.52 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 74.6%.

Shares of QTS stock opened at $64.41 on Wednesday. QTS Realty Trust has a 1-year low of $42.64 and a 1-year high of $72.60. The stock’s 50-day moving average is $67.90 and its 200 day moving average is $62.97. The company has a market cap of $3.95 billion, a P/E ratio of -207.77 and a beta of 0.48. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.55 and a quick ratio of 0.55.

QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings data on Monday, July 27th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.63). The company had revenue of $131.60 million for the quarter, compared to the consensus estimate of $129.99 million. QTS Realty Trust had a net margin of 3.90% and a return on equity of 1.87%. QTS Realty Trust’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. On average, analysts anticipate that QTS Realty Trust will post 2.24 EPS for the current year.

Several equities research analysts have weighed in on the company. Barclays assumed coverage on QTS Realty Trust in a report on Wednesday, July 15th. They issued an “overweight” rating and a $73.00 price target for the company. Raymond James raised QTS Realty Trust from a “market perform” rating to an “outperform” rating and set a $74.00 price target for the company in a report on Wednesday, July 29th. Morgan Stanley raised their price target on QTS Realty Trust from $58.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. JPMorgan Chase & Co. raised their price objective on QTS Realty Trust from $70.00 to $76.00 in a research note on Wednesday, July 29th. Finally, Deutsche Bank started coverage on QTS Realty Trust in a research note on Friday, June 5th. They issued a “hold” rating and a $69.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. QTS Realty Trust currently has a consensus rating of “Buy” and an average target price of $71.60.

In other news, insider Shirley E. Goza sold 15,417 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $70.73, for a total value of $1,090,444.41. Following the completion of the sale, the insider now directly owns 29,152 shares in the company, valued at $2,061,920.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeffrey H. Berson sold 16,958 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $68.51, for a total value of $1,161,792.58. Following the completion of the sale, the chief financial officer now owns 64,124 shares of the company’s stock, valued at $4,393,135.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,844 shares of company stock valued at $5,741,937. 13.90% of the stock is owned by company insiders.

About QTS Realty Trust

QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of data center solutions across a diverse footprint spanning more than 6 million square feet of owned mega scale data center space throughout North America. Through its software-defined technology platform, QTS is able to deliver secure, compliant infrastructure solutions, robust connectivity and premium customer service to leading hyperscale technology companies, enterprises, and government entities.

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Dividend History for QTS Realty Trust (NYSE:QTS)

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