QTS Realty Trust Inc (NYSE:QTS) announced a quarterly dividend on Tuesday, May 14th, Wall Street Journal reports. Shareholders of record on Tuesday, June 25th will be paid a dividend of 0.44 per share by the real estate investment trust on Tuesday, July 9th. This represents a $1.76 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Monday, June 24th.
QTS Realty Trust has increased its dividend by an average of 9.0% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. QTS Realty Trust has a dividend payout ratio of 80.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect QTS Realty Trust to earn $2.53 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 69.6%.
Shares of QTS Realty Trust stock traded up $1.28 on Friday, reaching $46.09. 527,858 shares of the company traded hands, compared to its average volume of 433,722. QTS Realty Trust has a 52 week low of $34.27 and a 52 week high of $47.13. The business has a 50 day moving average of $45.86. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 2.17 and a beta of 0.63. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.31.
A number of research firms have recently weighed in on QTS. Zacks Investment Research downgraded shares of Granite Point Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. BMO Capital Markets raised shares of TMAC Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, May 2nd. Finally, ValuEngine raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. QTS Realty Trust presently has an average rating of “Buy” and a consensus price target of $46.83.
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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