$0.65 Earnings Per Share Expected for QTS Realty Trust, Inc. (NYSE:QTS) This Quarter

Equities analysts expect that QTS Realty Trust, Inc. (NYSE:QTS) will report earnings of $0.65 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for QTS Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.68. QTS Realty Trust reported earnings per share of $0.70 during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.1%. The company is expected to announce its next earnings report after the market closes on Tuesday, August 3rd.

On average, analysts expect that QTS Realty Trust will report full year earnings of $2.64 per share for the current financial year, with EPS estimates ranging from $2.54 to $2.76. For the next fiscal year, analysts anticipate that the company will report earnings of $2.88 per share, with EPS estimates ranging from $2.68 to $3.02. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover QTS Realty Trust.

QTS Realty Trust (NYSE:QTS) last posted its earnings results on Tuesday, April 27th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.63). QTS Realty Trust had a net margin of 2.80% and a return on equity of 1.30%.

QTS has been the topic of a number of recent research reports. Cowen lowered QTS Realty Trust from an “outperform” rating to a “market perform” rating and set a $78.00 target price on the stock. in a research note on Monday, June 7th. BMO Capital Markets downgraded QTS Realty Trust from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $76.00 to $78.00 in a report on Tuesday, June 8th. Truist downgraded QTS Realty Trust from a “buy” rating to a “hold” rating and cut their price target for the company from $85.00 to $78.00 in a report on Thursday, June 10th. Stifel Nicolaus downgraded QTS Realty Trust from a “buy” rating to a “hold” rating and boosted their price target for the company from $76.00 to $78.00 in a report on Tuesday, June 8th. Finally, Wells Fargo & Company downgraded QTS Realty Trust from an “overweight” rating to an “equal weight” rating and set a $78.00 price target for the company. in a report on Wednesday, June 9th. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $76.44.

A number of large investors have recently bought and sold shares of the business. Baird Financial Group Inc. boosted its position in QTS Realty Trust by 0.6% in the 4th quarter. Baird Financial Group Inc. now owns 37,021 shares of the real estate investment trust’s stock valued at $2,291,000 after buying an additional 221 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of QTS Realty Trust by 11.2% during the first quarter. Fifth Third Bancorp now owns 2,584 shares of the real estate investment trust’s stock worth $160,000 after purchasing an additional 261 shares during the last quarter. MML Investors Services LLC lifted its position in shares of QTS Realty Trust by 8.4% during the first quarter. MML Investors Services LLC now owns 4,175 shares of the real estate investment trust’s stock worth $259,000 after purchasing an additional 325 shares during the last quarter. Connacht Asset Management LP lifted its position in shares of QTS Realty Trust by 10.6% during the first quarter. Connacht Asset Management LP now owns 3,577 shares of the real estate investment trust’s stock worth $222,000 after purchasing an additional 343 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of QTS Realty Trust by 69.7% during the first quarter. International Assets Investment Management LLC now owns 1,069 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 439 shares during the last quarter.

QTS stock traded down $0.12 on Friday, reaching $77.63. The company had a trading volume of 38,198 shares, compared to its average volume of 1,873,788. QTS Realty Trust has a 1 year low of $55.91 and a 1 year high of $78.65. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.33. The firm’s fifty day moving average price is $72.66. The company has a market capitalization of $5.34 billion, a P/E ratio of -149.52 and a beta of 0.54.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 7th. Shareholders of record on Friday, June 18th were given a $0.50 dividend. The ex-dividend date was Thursday, June 17th. This represents a $2.00 dividend on an annualized basis and a yield of 2.58%. QTS Realty Trust’s payout ratio is currently 70.42%.

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 7 million square feet of owned data center space throughout primarily North America and Europe. 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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