$113.48 Million in Sales Expected for QTS Realty Trust Inc (QTS) This Quarter

Wall Street brokerages expect QTS Realty Trust Inc (NYSE:QTS) to report $113.48 million in sales for the current quarter, according to Zacks. Nine analysts have provided estimates for QTS Realty Trust’s earnings, with the lowest sales estimate coming in at $111.24 million and the highest estimate coming in at $117.41 million. QTS Realty Trust posted sales of $113.70 million during the same quarter last year, which suggests a negative year over year growth rate of 0.2%. The business is expected to report its next quarterly earnings report after the market closes on Tuesday, April 30th.

On average, analysts expect that QTS Realty Trust will report full-year sales of $466.65 million for the current year, with estimates ranging from $464.40 million to $469.71 million. For the next fiscal year, analysts expect that the firm will report sales of $524.64 million, with estimates ranging from $512.47 million to $538.75 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover QTS Realty Trust.

A number of research analysts have commented on QTS shares. Zacks Investment Research lowered QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. ValuEngine upgraded QTS Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Finally, Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of QTS Realty Trust in a research report on Tuesday, February 26th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $46.67.



Institutional investors and hedge funds have recently made changes to their positions in the business. Thrivent Financial for Lutherans bought a new position in shares of QTS Realty Trust in the 4th quarter worth $37,929,000. JPMorgan Chase & Co. boosted its position in shares of QTS Realty Trust by 5,332.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 772,491 shares of the real estate investment trust’s stock worth $32,963,000 after purchasing an additional 758,272 shares during the last quarter. Norges Bank bought a new position in shares of QTS Realty Trust in the 4th quarter worth $23,068,000. Timbercreek Investment Management Inc. boosted its position in shares of QTS Realty Trust by 856.6% in the 4th quarter. Timbercreek Investment Management Inc. now owns 344,515 shares of the real estate investment trust’s stock worth $12,764,000 after purchasing an additional 308,500 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of QTS Realty Trust by 67.8% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 668,014 shares of the real estate investment trust’s stock worth $28,504,000 after purchasing an additional 269,846 shares during the last quarter. Hedge funds and other institutional investors own 99.09% of the company’s stock.

QTS remained flat at $$46.67 during mid-day trading on Friday. The company’s stock had a trading volume of 196,200 shares, compared to its average volume of 503,029. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 1.99 and a beta of 0.75. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.67 and a quick ratio of 0.67. QTS Realty Trust has a 52-week low of $33.47 and a 52-week high of $46.96.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 20th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.77%. This is a positive change from QTS Realty Trust’s previous quarterly dividend of $0.41. The ex-dividend date was Tuesday, March 19th. QTS Realty Trust’s dividend payout ratio (DPR) is presently 67.69%.

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

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