The Q4 2016 Earnings Estimate for QTS Realty Trust Inc. (QTS) Issued By KeyCorp

The Q4 2016 Earnings Estimate for QTS Realty Trust Inc. (QTS) Issued By KeyCorp

QTS Realty Trust Inc. (NYSE:QTS) – Equities research analysts at KeyCorp dropped their Q4 2016 earnings per share estimates for QTS Realty Trust in a research note issued on Thursday. KeyCorp analyst J. Sadler now forecasts that the brokerage will post earnings per share of $0.67 for the quarter, down from their previous forecast of $0.73. KeyCorp also issued estimates for QTS Realty Trust’s FY2017 earnings at $2.82 EPS.

A number of other research analysts also recently issued reports on QTS. Goldman Sachs Group Inc. started coverage on shares of QTS Realty Trust in a research report on Tuesday, July 5th. They issued a “neutral” rating and a $57.00 price target on the stock. Jefferies Group restated a “buy” rating and issued a $59.00 price target on shares of QTS Realty Trust in a research report on Wednesday, July 6th. Deutsche Bank AG boosted their price target on shares of QTS Realty Trust from $54.00 to $56.00 and gave the stock a “hold” rating in a research report on Monday, July 18th. Zacks Investment Research lowered shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Finally, SunTrust Banks Inc. initiated coverage on shares of QTS Realty Trust in a research note on Thursday, July 21st. They issued a “buy” rating and a $65.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $57.60.

Shares of QTS Realty Trust (NYSE:QTS) opened at 46.71 on Monday. QTS Realty Trust has a 52 week low of $40.50 and a 52 week high of $59.41. The firm has a 50-day moving average of $52.44 and a 200-day moving average of $53.09. The firm has a market cap of $2.24 billion, a PE ratio of 100.24 and a beta of 0.35.

QTS Realty Trust (NYSE:QTS) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The firm earned $103.50 million during the quarter, compared to analysts’ expectations of $46.02 million. QTS Realty Trust had a net margin of 5.47% and a return on equity of 2.66%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 5th. Shareholders of record on Tuesday, September 20th were paid a dividend of $0.36 per share. The ex-dividend date was Friday, September 16th. This represents a $1.44 dividend on an annualized basis and a yield of 3.08%. QTS Realty Trust’s dividend payout ratio (DPR) is presently 320.00%.

A number of hedge funds have recently made changes to their positions in the stock. Teachers Advisors Inc. raised its stake in shares of QTS Realty Trust by 6.3% in the first quarter. Teachers Advisors Inc. now owns 42,310 shares of the company’s stock worth $2,005,000 after buying an additional 2,508 shares during the period. BlackRock Inc. raised its stake in QTS Realty Trust by 9.0% in the first quarter. BlackRock Inc. now owns 38,342 shares of the company’s stock valued at $1,817,000 after buying an additional 3,179 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in QTS Realty Trust by 5.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,243,426 shares of the company’s stock valued at $58,914,000 after buying an additional 68,466 shares during the last quarter. JPMorgan Chase & Co. raised its stake in QTS Realty Trust by 35.0% in the first quarter. JPMorgan Chase & Co. now owns 53,795 shares of the company’s stock valued at $2,548,000 after buying an additional 13,959 shares during the last quarter. Finally, Credit Agricole S A raised its stake in QTS Realty Trust by 0.8% in the first quarter. Credit Agricole S A now owns 12,635 shares of the company’s stock valued at $599,000 after buying an additional 100 shares during the last quarter.

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