Equities research analysts predict that QTS Realty Trust Inc (NYSE:QTS) will announce $117.60 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for QTS Realty Trust’s earnings, with the lowest sales estimate coming in at $116.07 million and the highest estimate coming in at $118.96 million. QTS Realty Trust reported sales of $105.44 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.5%. The firm is expected to report its next quarterly earnings results after the market closes on Tuesday, February 20th.

According to Zacks, analysts expect that QTS Realty Trust will report full year sales of $117.60 million for the current financial year, with estimates ranging from $443.67 million to $446.56 million. For the next financial year, analysts expect that the company will post sales of $500.72 million per share, with estimates ranging from $498.21 million to $503.10 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover QTS Realty Trust.

QTS has been the topic of several research analyst reports. Credit Suisse Group set a $55.00 target price on shares of QTS Realty Trust and gave the company a “hold” rating in a research report on Tuesday, November 14th. Jefferies Group dropped their target price on shares of QTS Realty Trust from $71.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, November 20th. JPMorgan Chase & Co. lifted their target price on shares of QTS Realty Trust from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research upgraded shares of QTS Realty Trust from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Tuesday, October 17th. Finally, SunTrust Banks boosted their price target on shares of QTS Realty Trust from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $58.08.

Shares of QTS Realty Trust (QTS) opened at $45.21 on Friday. QTS Realty Trust has a 52-week low of $43.71 and a 52-week high of $61.55. The stock has a market cap of $2,240.00, a PE ratio of 123.58, a PEG ratio of 0.84 and a beta of 0.29. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.84 and a quick ratio of 0.84.

In other QTS Realty Trust news, EVP William H. Schafer sold 12,500 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $54.46, for a total value of $680,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Daniel T. Bennewitz sold 9,144 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $57.46, for a total transaction of $525,414.24. Following the completion of the transaction, the insider now owns 58,624 shares in the company, valued at $3,368,535.04. The disclosure for this sale can be found here. Insiders have sold 37,201 shares of company stock worth $2,112,933 over the last 90 days. 17.30% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its holdings in QTS Realty Trust by 19.1% in the 3rd quarter. Wells Fargo & Company MN now owns 241,943 shares of the real estate investment trust’s stock valued at $12,669,000 after purchasing an additional 38,858 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in QTS Realty Trust by 141.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 645,265 shares of the real estate investment trust’s stock valued at $33,785,000 after purchasing an additional 378,397 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in QTS Realty Trust by 3.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 689,730 shares of the real estate investment trust’s stock valued at $36,114,000 after purchasing an additional 25,487 shares during the last quarter. Sit Investment Associates Inc. boosted its holdings in QTS Realty Trust by 49.9% in the 4th quarter. Sit Investment Associates Inc. now owns 27,550 shares of the real estate investment trust’s stock valued at $1,492,000 after purchasing an additional 9,165 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in QTS Realty Trust by 14.5% in the 3rd quarter. Legal & General Group Plc now owns 136,139 shares of the real estate investment trust’s stock valued at $7,127,000 after purchasing an additional 17,273 shares during the last quarter.

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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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