QTS Realty Trust (QTS) Issues Quarterly Earnings Results, Misses Expectations By $0.75 EPS

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QTS Realty Trust (NYSE:QTS) released its earnings results on Monday. The real estate investment trust reported ($0.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.75), MarketWatch Earnings reports. The firm had revenue of $112.20 million during the quarter, compared to analysts’ expectations of $105.28 million. QTS Realty Trust had a positive return on equity of 0.38% and a negative net margin of 5.49%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 earnings per share. QTS Realty Trust updated its FY 2018 guidance to $2.55-2.65 EPS and its FY18 guidance to $2.55-2.65 EPS.

Shares of QTS opened at $36.65 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.81. QTS Realty Trust has a 1 year low of $31.58 and a 1 year high of $61.55. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 1.03 and a beta of 0.66.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 4th. Shareholders of record on Thursday, September 20th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date was Wednesday, September 19th. QTS Realty Trust’s dividend payout ratio (DPR) is currently 59.42%.

Several research firms recently issued reports on QTS. BMO Capital Markets set a $51.00 target price on shares of QTS Realty Trust and gave the stock a “buy” rating in a report on Wednesday, July 25th. Credit Suisse Group raised shares of QTS Realty Trust from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $30.00 to $42.00 in a report on Wednesday, August 8th. Guggenheim raised shares of QTS Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $45.00 to $46.00 in a report on Wednesday. Berenberg Bank began coverage on shares of QTS Realty Trust in a report on Thursday, September 20th. They issued a “hold” rating and a $50.00 target price for the company. Finally, ValuEngine lowered shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. QTS Realty Trust has an average rating of “Buy” and a consensus target price of $46.67.

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

About QTS Realty Trust

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 for QTS Realty Trust (NYSE:QTS)

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