Somewhat Positive Media Coverage Somewhat Unlikely to Affect QTS Realty Trust (QTS) Share Price
Headlines about QTS Realty Trust (NYSE:QTS) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. QTS Realty Trust earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.8533374549826 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
- Head to Head Analysis: QTS Realty Trust (QTS) and Geo Group Inc (The) (GEO) (americanbankingnews.com)
- Q4 2017 Earnings Forecast for QTS Realty Trust, Inc. Issued By Jefferies Group (QTS) (americanbankingnews.com)
- QTS Realty Trust, Inc. (QTS) Given New $65.00 Price Target at Jefferies Group LLC (americanbankingnews.com)
- Insider Selling: QTS Realty Trust, Inc. (QTS) Insider Sells 9,144 Shares of Stock (americanbankingnews.com)
- QTS Realty Trust, Inc. (QTS) PT Set at $55.00 by Credit Suisse Group (americanbankingnews.com)
A number of equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Royal Bank Of Canada restated a “buy” rating and issued a $60.00 target price on shares of QTS Realty Trust in a report on Wednesday, September 6th. Zacks Investment Research upgraded shares of QTS Realty Trust from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Tuesday, October 17th. J P Morgan Chase & Co boosted their target price on shares of QTS Realty Trust from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Finally, Wells Fargo & Company boosted their target price on shares of QTS Realty Trust from $62.50 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, November 15th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $58.57.
Shares of QTS Realty Trust (NYSE:QTS) traded up $1.31 during mid-day trading on Tuesday, reaching $58.52. 1,036,201 shares of the company’s stock were exchanged, compared to its average volume of 444,924. The firm has a market capitalization of $2,950.00, a PE ratio of 21.69, a price-to-earnings-growth ratio of 1.09 and a beta of 0.48. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.09. QTS Realty Trust has a 1 year low of $44.58 and a 1 year high of $61.55.
QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.59. The firm had revenue of $113.77 million for the quarter, compared to analysts’ expectations of $113.64 million. QTS Realty Trust had a net margin of 6.50% and a return on equity of 3.00%. QTS Realty Trust’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 earnings per share. research analysts anticipate that QTS Realty Trust will post 2.71 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $1.56 dividend on an annualized basis and a yield of 2.67%. QTS Realty Trust’s dividend payout ratio (DPR) is 433.33%.
In other news, insider Jon D. Greaves sold 2,500 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $54.39, for a total transaction of $135,975.00. Following the transaction, the insider now directly owns 24,717 shares of the company’s stock, valued at $1,344,357.63. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel T. Bennewitz sold 9,144 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $57.46, for a total transaction of $525,414.24. Following the transaction, the insider now directly owns 58,624 shares in the company, valued at $3,368,535.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,189 shares of company stock worth $857,144. 17.30% of the stock is currently owned by corporate insiders.
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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