QTS Realty Trust (QTS) Releases FY18 Earnings Guidance

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QTS Realty Trust (NYSE:QTS) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.55-2.65 for the period, compared to the Thomson Reuters consensus estimate of $2.57. The company issued revenue guidance of $408-422 million, compared to the consensus revenue estimate of $427.15 million.QTS Realty Trust also updated its FY 2018 guidance to $2.55-2.65 EPS.

QTS stock traded up $1.45 during mid-day trading on Wednesday, reaching $38.10. The company had a trading volume of 512,352 shares, compared to its average volume of 556,031. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.03 and a beta of 0.66. QTS Realty Trust has a one year low of $31.58 and a one year high of $61.55.

QTS Realty Trust (NYSE:QTS) last posted its earnings results on Monday, October 29th. The real estate investment trust reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.75). The company had revenue of $112.20 million during the quarter, compared to the consensus estimate of $105.28 million. QTS Realty Trust had a negative net margin of 5.49% and a positive return on equity of 0.38%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 earnings per share. As a group, analysts predict that QTS Realty Trust will post 2.19 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Shareholders of record on Thursday, September 20th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date was Wednesday, September 19th. QTS Realty Trust’s payout ratio is 59.42%.

A number of brokerages recently weighed in on QTS. Stifel Nicolaus set a $48.00 price objective on shares of QTS Realty Trust and gave the company a buy rating in a research note on Tuesday, July 17th. BMO Capital Markets began coverage on shares of QTS Realty Trust in a research note on Tuesday, July 17th. They set an outperform rating and a $51.00 price objective on the stock. Wells Fargo & Co lifted their price objective on shares of QTS Realty Trust from $38.00 to $44.00 and gave the company an outperform rating in a research note on Wednesday, July 18th. Zacks Investment Research cut shares of QTS Realty Trust from a hold rating to a strong sell rating in a research note on Saturday, July 21st. Finally, Raymond James upgraded shares of QTS Realty Trust from an underperform rating to a market perform rating in a research note on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $46.67.

In related news, Director Catherine R. Kinney purchased 1,400 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were purchased at an average price of $44.07 per share, with a total value of $61,698.00. Following the purchase, the director now owns 11,657 shares of the company’s stock, valued at approximately $513,723.99. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen E. Westhead sold 1,924 shares of QTS Realty Trust stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $46.25, for a total value of $88,985.00. Following the completion of the transaction, the director now directly owns 5,014 shares in the company, valued at approximately $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 and Estimates for QTS Realty Trust (NYSE:QTS)

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