Jefferies Group Comments on QTS Realty Trust Inc’s FY2019 Earnings (QTS)

QTS Realty Trust Inc (NYSE:QTS) – Stock analysts at Jefferies Group reduced their FY2019 earnings per share (EPS) estimates for QTS Realty Trust in a research report issued on Tuesday. Jefferies Group analyst J. Petersen now forecasts that the real estate investment trust will earn $3.28 per share for the year, down from their previous forecast of $3.34. Jefferies Group has a “Buy” rating and a $65.00 price objective on the stock.

A number of other brokerages also recently issued reports on QTS. Credit Suisse Group set a $55.00 price objective on shares of QTS Realty Trust and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised shares of QTS Realty Trust from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Tuesday, October 17th. JPMorgan Chase & Co. boosted their target price on shares of QTS Realty Trust from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. SunTrust Banks boosted their target price on shares of QTS Realty Trust from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Wells Fargo & Co boosted their target price on shares of QTS Realty Trust from $62.50 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $58.08.

Shares of QTS Realty Trust (NYSE QTS) traded down $2.47 during trading on Wednesday, hitting $50.00. 1,360,000 shares of the stock were exchanged, compared to its average volume of 455,643. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.84 and a current ratio of 0.84. QTS Realty Trust has a 52-week low of $46.32 and a 52-week high of $61.55. The stock has a market cap of $2,520.00, a P/E ratio of 138.89, a P/E/G ratio of 0.92 and a beta of 0.44.

QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.59. QTS Realty Trust had a net margin of 4.67% and a return on equity of 2.10%. The firm had revenue of $113.77 million for the quarter, compared to the consensus estimate of $113.64 million. During the same quarter in the previous year, the firm earned $0.67 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year.

Several hedge funds have recently added to or reduced their stakes in QTS. Picton Mahoney Asset Management purchased a new stake in shares of QTS Realty Trust in the 3rd quarter valued at $115,000. Harbor Advisors LLC purchased a new stake in shares of QTS Realty Trust in the 2nd quarter valued at $209,000. PNC Financial Services Group Inc. boosted its holdings in shares of QTS Realty Trust by 4,127.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,974 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 3,880 shares during the last quarter. ETRADE Capital Management LLC purchased a new stake in shares of QTS Realty Trust in the 3rd quarter valued at $220,000. Finally, Quantbot Technologies LP boosted its holdings in shares of QTS Realty Trust by 752.5% in the 3rd quarter. Quantbot Technologies LP now owns 4,348 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 3,838 shares during the last quarter.

In other news, COO James H. Reinhart sold 4,050 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $58.42, for a total value of $236,601.00. Following the sale, the chief operating officer now directly owns 65,595 shares of the company’s stock, valued at approximately $3,832,059.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William H. Schafer sold 12,500 shares of the company’s stock in a transaction on Monday, December 4th. The shares were 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. In the last three months, insiders have sold 37,201 shares of company stock worth $2,112,933. 17.30% of the stock is owned by insiders.

The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Tuesday, December 5th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Monday, December 4th. QTS Realty Trust’s dividend payout ratio is presently 433.33%.

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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.

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

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