QTS Realty Trust (NYSE:QTS) updated its FY 2019 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $2.61-2.71 for the period. The company issued revenue guidance of $461-475 million, compared to the consensus revenue estimate of $469.77 million.QTS Realty Trust also updated its FY19 guidance to $2.61-2.71 EPS.
QTS has been the subject of several research analyst reports. ValuEngine upgraded shares of Valmont Industries from a sell rating to a hold rating in a report on Friday, July 12th. BMO Capital Markets upgraded shares of TMAC Resources from a market perform rating to an outperform rating in a report on Thursday, May 2nd. Finally, Zacks Investment Research cut shares of H&E Equipment Services from a hold rating to a sell rating in a report on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. QTS Realty Trust currently has an average rating of Buy and a consensus price target of $48.20.
Shares of QTS Realty Trust stock traded up $2.08 on Tuesday, hitting $45.36. The company had a trading volume of 24,215 shares, compared to its average volume of 295,734. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 2.05 and a beta of 0.63. QTS Realty Trust has a twelve month low of $34.27 and a twelve month high of $47.13. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.63 and a quick ratio of 0.63. The company has a 50-day simple moving average of $45.47.
QTS Realty Trust (NYSE:QTS) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.58). The company had revenue of $119.17 million during the quarter, compared to analyst estimates of $114.53 million. QTS Realty Trust had a net margin of 3.41% and a return on equity of 1.46%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 EPS. As a group, equities analysts predict that QTS Realty Trust will post 2.28 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Tuesday, June 25th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend was Monday, June 24th. QTS Realty Trust’s dividend payout ratio is presently 67.69%.
In other QTS Realty Trust news, CEO Chad L. Williams acquired 7,230 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were acquired at an average price of $45.88 per share, with a total value of $331,712.40. Following the completion of the transaction, the chief executive officer now directly owns 397,787 shares in the company, valued at approximately $18,250,467.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen E. Westhead sold 5,135 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $46.26, for a total transaction of $237,545.10. Following the completion of the sale, the director now directly owns 12,054 shares in the company, valued at approximately $557,618.04. The disclosure for this sale can be found here. Insiders own 13.40% of the company’s stock.
QTS Realty Trust Company Profile
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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