Analysts forecast that QTS Realty Trust Inc (NYSE:QTS) will report sales of $113.48 million for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for QTS Realty Trust’s earnings, with estimates ranging from $111.24 million to $117.41 million. QTS Realty Trust posted sales of $113.70 million during the same quarter last year, which would indicate a negative year over year growth rate of 0.2%. The firm is scheduled to report its next earnings report after the market closes on Tuesday, April 30th.
On average, analysts expect that QTS Realty Trust will report full year sales of $466.65 million for the current fiscal year, with estimates ranging from $464.40 million to $469.71 million. For the next fiscal year, analysts expect that the firm will report sales of $524.64 million, with estimates ranging from $512.47 million to $538.75 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover QTS Realty Trust.
QTS has been the topic of a number of research analyst reports. ValuEngine cut shares of QTS Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of QTS Realty Trust in a research report on Tuesday, February 26th. Finally, Zacks Investment Research raised shares of QTS Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. QTS Realty Trust has an average rating of “Buy” and an average price target of $46.67.
A number of institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue increased its position in shares of QTS Realty Trust by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 16,627 shares of the real estate investment trust’s stock valued at $615,000 after acquiring an additional 318 shares during the period. First Hawaiian Bank boosted its stake in QTS Realty Trust by 61.3% during the first quarter. First Hawaiian Bank now owns 1,116 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 424 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in QTS Realty Trust by 3.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,847 shares of the real estate investment trust’s stock worth $513,000 after acquiring an additional 498 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in QTS Realty Trust by 6.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,000 shares of the real estate investment trust’s stock worth $296,000 after acquiring an additional 500 shares in the last quarter. Finally, Natixis Advisors L.P. boosted its stake in QTS Realty Trust by 4.7% during the fourth quarter. Natixis Advisors L.P. now owns 12,501 shares of the real estate investment trust’s stock worth $463,000 after acquiring an additional 563 shares in the last quarter. 99.09% of the stock is currently owned by institutional investors and hedge funds.
QTS remained flat at $$46.67 during trading on Friday. 196,200 shares of the company’s stock were exchanged, compared to its average volume of 503,029. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $2.58 billion, a PE ratio of 17.95, a P/E/G ratio of 1.99 and a beta of 0.75. QTS Realty Trust has a twelve month low of $33.47 and a twelve month high of $46.96.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 20th were given a dividend of $0.44 per share. The ex-dividend date was Tuesday, March 19th. This represents a $1.76 dividend on an annualized basis and a yield of 3.77%. This is a boost from QTS Realty Trust’s previous quarterly dividend of $0.41. QTS Realty Trust’s dividend payout ratio is 67.69%.
About QTS Realty Trust
QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of data center solutions across a diverse footprint spanning more than 6 million square feet of owned mega scale data center space throughout North America. Through its software-defined technology platform, QTS is able to deliver secure, compliant infrastructure solutions, robust connectivity and premium customer service to leading hyperscale technology companies, enterprises, and government entities.
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