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.
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%.
COPYRIGHT VIOLATION WARNING: This story was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.chaffeybreeze.com/2018/01/17/jefferies-group-comments-on-qts-realty-trust-incs-fy2019-earnings-qts.html.
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.
Receive News & Ratings for QTS Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QTS Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.