Wall Street brokerages predict that QTS Realty Trust Inc (NYSE:QTS) will report earnings per share (EPS) of $0.62 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for QTS Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.66. QTS Realty Trust posted earnings of $0.64 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.1%. The company is scheduled to report its next earnings report after the market closes on Monday, July 29th.
On average, analysts expect that QTS Realty Trust will report full year earnings of $2.53 per share for the current fiscal year, with EPS estimates ranging from $2.48 to $2.65. For the next financial year, analysts anticipate that the business will post earnings of $2.72 per share, with EPS estimates ranging from $2.61 to $2.87. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow QTS Realty Trust.
A number of equities research analysts have recently issued reports on QTS shares. Zacks Investment Research lowered shares of Granite Point Mortgage Trust from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. ValuEngine raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday. Finally, BMO Capital Markets raised shares of TMAC Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $46.83.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Tuesday, June 25th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend was Monday, June 24th. QTS Realty Trust’s dividend payout ratio is currently 67.69%.
In related news, CEO Chad L. Williams bought 7,230 shares of the stock in a transaction on Thursday, May 30th. The stock was bought at an average price of $45.88 per share, with a total value of $331,712.40. Following the completion of the purchase, the chief executive officer now directly owns 397,787 shares in the company, valued at approximately $18,250,467.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jon D. Greaves sold 5,555 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $45.55, for a total transaction of $253,030.25. Following the transaction, the insider now directly owns 41,520 shares of the company’s stock, valued at approximately $1,891,236. The disclosure for this sale can be found here. Company insiders own 13.40% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Segall Bryant & Hamill LLC increased its stake in QTS Realty Trust by 18.5% in the fourth quarter. Segall Bryant & Hamill LLC now owns 399,216 shares of the real estate investment trust’s stock valued at $14,791,000 after purchasing an additional 62,370 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in QTS Realty Trust by 202.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,044 shares of the real estate investment trust’s stock valued at $706,000 after purchasing an additional 12,740 shares during the last quarter. Phocas Financial Corp. increased its stake in QTS Realty Trust by 67.2% in the fourth quarter. Phocas Financial Corp. now owns 276,072 shares of the real estate investment trust’s stock valued at $10,228,000 after purchasing an additional 110,965 shares during the last quarter. Citigroup Inc. increased its stake in QTS Realty Trust by 4.9% in the fourth quarter. Citigroup Inc. now owns 50,557 shares of the real estate investment trust’s stock valued at $1,873,000 after purchasing an additional 2,373 shares during the last quarter. Finally, Amalgamated Bank increased its stake in QTS Realty Trust by 39.9% in the fourth quarter. Amalgamated Bank now owns 7,130 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 2,034 shares during the last quarter.
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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