Equities research analysts expect QTS Realty Trust Inc (NYSE:QTS) to post sales of $115.13 million for the current quarter, Zacks reports. Seven analysts have made estimates for QTS Realty Trust’s earnings, with the highest sales estimate coming in at $117.00 million and the lowest estimate coming in at $113.40 million. QTS Realty Trust posted sales of $112.28 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.5%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Monday, July 29th.
On average, analysts expect that QTS Realty Trust will report full-year sales of $468.34 million for the current year, with estimates ranging from $463.38 million to $470.02 million. For the next financial year, analysts expect that the company will post sales of $525.38 million, with estimates ranging from $517.44 million to $531.49 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover QTS Realty Trust.
QTS has been the topic of several research analyst reports. BMO Capital Markets raised shares of TMAC Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 2nd. Zacks Investment Research upgraded shares of CannTrust from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a research note on Wednesday. Finally, ValuEngine upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a research note on Friday, July 12th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. QTS Realty Trust has a consensus rating of “Buy” and an average price target of $47.57.
Large investors have recently made changes to their positions in the business. Prudential Financial Inc. increased its position in shares of QTS Realty Trust by 300.9% during the 4th quarter. Prudential Financial Inc. now owns 20,367 shares of the real estate investment trust’s stock valued at $755,000 after purchasing an additional 15,287 shares during the last quarter. California Public Employees Retirement System boosted its holdings in QTS Realty Trust by 244.1% during the 4th quarter. California Public Employees Retirement System now owns 69,777 shares of the real estate investment trust’s stock valued at $2,585,000 after acquiring an additional 49,500 shares during the period. New York State Common Retirement Fund boosted its holdings in QTS Realty Trust by 11.6% during the 4th quarter. New York State Common Retirement Fund now owns 110,600 shares of the real estate investment trust’s stock valued at $4,098,000 after acquiring an additional 11,512 shares during the period. Bank of New York Mellon Corp boosted its holdings in QTS Realty Trust by 5.3% during the 4th quarter. Bank of New York Mellon Corp now owns 425,214 shares of the real estate investment trust’s stock valued at $15,754,000 after acquiring an additional 21,483 shares during the period. Finally, Advisor Group Inc. boosted its holdings in QTS Realty Trust by 60.1% during the 4th quarter. Advisor Group Inc. now owns 9,205 shares of the real estate investment trust’s stock valued at $341,000 after acquiring an additional 3,456 shares during the period.
Shares of QTS stock traded up $0.01 during trading hours on Friday, hitting $45.12. 264,900 shares of the company were exchanged, compared to its average volume of 459,197. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.63 and a quick ratio of 0.63. QTS Realty Trust has a one year low of $34.27 and a one year high of $47.13. The firm has a 50-day moving average price of $45.83. The company has a market cap of $2.49 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 2.14 and a beta of 0.63.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Tuesday, June 25th were paid a dividend of $0.44 per share. The ex-dividend date was Monday, June 24th. This represents a $1.76 annualized dividend and a yield of 3.90%. QTS Realty Trust’s dividend payout ratio (DPR) is 67.69%.
QTS Realty Trust Company Profile
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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