QTS Realty Trust (QTS) Getting Favorable Media Coverage, Study Shows
Press coverage about QTS Realty Trust (NYSE:QTS) has trended positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. QTS Realty Trust earned a news impact score of 0.36 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- QTS Realty Trust : Bank of America Corp DE Lowers Stake in QTS Realty Trust, Inc. (QTS) (4-traders.com)
- ETFs with exposure to QTS Realty Trust, Inc. : July 14, 2017 (finance.yahoo.com)
- QTS Realty Trust, Inc. breached its 50 day moving average in a Bullish Manner : QTS-US : July 13, 2017 (finance.yahoo.com)
- Zacks Investment Research Downgrades QTS Realty Trust, Inc. (QTS) to Sell (americanbankingnews.com)
- Q2 2017 EPS Estimates for QTS Realty Trust, Inc. (QTS) Reduced by Analyst (americanbankingnews.com)
QTS Realty Trust (NYSE:QTS) opened at 52.21 on Monday. The stock has a 50 day moving average price of $52.27 and a 200-day moving average price of $50.71. QTS Realty Trust has a 12-month low of $43.01 and a 12-month high of $59.41. The stock has a market capitalization of $2.51 billion, a P/E ratio of 124.01 and a beta of 0.47.
QTS Realty Trust (NYSE:QTS) last released its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $106 million during the quarter, compared to analysts’ expectations of $105.36 million. QTS Realty Trust had a return on equity of 2.14% and a net margin of 4.96%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. Equities research analysts expect that QTS Realty Trust will post $0.44 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Friday, June 16th were given a dividend of $0.39 per share. The ex-dividend date was Wednesday, June 14th. This represents a $1.56 dividend on an annualized basis and a yield of 2.99%. QTS Realty Trust’s payout ratio is 371.44%.
A number of equities analysts have recently commented on the company. Deutsche Bank AG boosted their price objective on QTS Realty Trust from $49.00 to $51.00 and gave the stock a “hold” rating in a research report on Tuesday, April 18th. Zacks Investment Research cut QTS Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Mitsubishi UFJ Financial Group assumed coverage on QTS Realty Trust in a research note on Tuesday, April 25th. They issued an “overweight” rating and a $58.00 price objective for the company. Jefferies Group LLC reiterated a “buy” rating on shares of QTS Realty Trust in a research note on Monday, May 8th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $59.00 price objective on shares of QTS Realty Trust in a research note on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $57.38.
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In other QTS Realty Trust news, Director Stephen E. Westhead sold 11,000 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $52.36, for a total value of $575,960.00. Following the completion of the sale, the director now owns 12,924 shares of the company’s stock, valued at $676,700.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen E. Westhead sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $53.08, for a total value of $530,800.00. Following the completion of the sale, the director now directly owns 11,924 shares of the company’s stock, valued at approximately $632,925.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,317 shares of company stock valued at $1,272,373. Insiders own 17.30% of the company’s stock.
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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