Analysts Anticipate QTS Realty Trust Inc (NYSE:QTS) Will Post Quarterly Sales of $115.13 Million

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.

In other news, CEO Chad L. Williams purchased 7,230 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were bought at an average price of $45.88 per share, for a total transaction of $331,712.40. Following the completion of the purchase, the chief executive officer now owns 397,787 shares of the company’s stock, valued at $18,250,467.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jon D. Greaves sold 5,555 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $45.55, for a total transaction of $253,030.25. Following the completion of the sale, the insider now owns 41,520 shares in the company, valued at approximately $1,891,236. The disclosure for this sale can be found here. 13.40% of the stock is currently owned by company insiders.

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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Earnings History and Estimates for QTS Realty Trust (NYSE:QTS)

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