Wall Street brokerages expect QTS Realty Trust Inc (NYSE:QTS) to post sales of $117.46 million for the current fiscal quarter, Zacks reports. Seven analysts have provided 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 during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.4%. The company is expected to announce its next quarterly earnings report on Tuesday, February 20th.
On average, analysts expect that QTS Realty Trust will report full-year sales of $117.46 million for the current financial year, with estimates ranging from $443.27 million to $446.56 million. For the next financial year, analysts anticipate that the company will post sales of $496.73 million per share, with estimates ranging from $468.79 million to $503.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover QTS Realty Trust.
QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.59. The business had revenue of $113.77 million during the quarter, compared to analyst estimates of $113.64 million. QTS Realty Trust had a net margin of 4.67% and a return on equity of 2.10%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share.
In related news, insider Daniel T. Bennewitz sold 9,144 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $57.46, for a total value of $525,414.24. Following the completion of the transaction, the insider now owns 58,624 shares of the company’s stock, valued at $3,368,535.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William H. Schafer sold 12,500 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $54.46, for a total transaction of $680,750.00. The disclosure for this sale can be found here. Insiders sold 37,201 shares of company stock valued at $2,112,933 in the last three months. Company insiders own 17.30% of the company’s stock.
A number of large investors have recently bought and sold shares of QTS. Schwab Charles Investment Management Inc. raised its position in QTS Realty Trust by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 200,345 shares of the real estate investment trust’s stock worth $10,485,000 after purchasing an additional 1,946 shares in the last quarter. Bank of New York Mellon Corp raised its position in QTS Realty Trust by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 266,868 shares of the real estate investment trust’s stock worth $13,965,000 after purchasing an additional 1,451 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in QTS Realty Trust by 98.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 34,030 shares of the real estate investment trust’s stock worth $1,781,000 after purchasing an additional 16,907 shares in the last quarter. GAM Holding AG raised its position in QTS Realty Trust by 5.2% in the second quarter. GAM Holding AG now owns 4,014 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 200 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in QTS Realty Trust by 15.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,399 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 453 shares in the last quarter.
QTS Realty Trust (NYSE:QTS) opened at $53.15 on Friday. The company has a market cap of $2,660.38, a PE ratio of 129.64, a PEG ratio of 0.94 and a beta of 0.44. 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 52-week low of $46.32 and a 52-week high of $61.55.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Tuesday, December 5th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Monday, December 4th. QTS Realty Trust’s dividend payout ratio (DPR) is presently 380.50%.
QTS Realty Trust Company Profile
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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