Equities Analysts Offer Predictions for QTS Realty Trust Inc’s Q4 2019 Earnings (NYSE:QTS)

QTS Realty Trust Inc (NYSE:QTS) – Analysts at SunTrust Banks boosted their Q4 2019 earnings per share estimates for shares of QTS Realty Trust in a research note issued on Wednesday, November 6th. SunTrust Banks analyst G. Miller now anticipates that the real estate investment trust will post earnings of $0.61 per share for the quarter, up from their prior estimate of $0.59.

QTS Realty Trust (NYSE:QTS) last announced its earnings results on Monday, November 4th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.61). QTS Realty Trust had a net margin of 8.55% and a return on equity of 4.05%. The business had revenue of $125.26 million during the quarter, compared to analyst estimates of $119.89 million. During the same quarter last year, the business posted $0.61 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year.

Several other equities analysts have also recently issued reports on the company. Royal Bank of Canada reiterated a “buy” rating and issued a $52.00 price target on shares of QTS Realty Trust in a report on Thursday, August 8th. BMO Capital Markets raised their price target on QTS Realty Trust from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday. KeyCorp raised their price target on QTS Realty Trust from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. upgraded QTS Realty Trust from a “neutral” rating to an “overweight” rating and raised their price target for the company from $50.00 to $65.00 in a report on Tuesday, October 29th. Finally, Morgan Stanley upgraded QTS Realty Trust from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $48.00 to $56.00 in a report on Thursday, September 19th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $55.78.

QTS Realty Trust stock traded down $0.67 during mid-day trading on Friday, hitting $50.68. The stock had a trading volume of 889,502 shares, compared to its average volume of 459,898. The stock has a 50-day simple moving average of $52.15 and a two-hundred day simple moving average of $47.80. The stock has a market capitalization of $2.98 billion, a PE ratio of 19.49, a P/E/G ratio of 2.52 and a beta of 0.54. QTS Realty Trust has a 12 month low of $34.27 and a 12 month high of $55.13. The company has a current ratio of 0.95, a quick ratio of 0.79 and a debt-to-equity ratio of 1.34.

A number of institutional investors have recently bought and sold shares of QTS. Truvestments Capital LLC boosted its holdings in QTS Realty Trust by 505.6% in the second quarter. Truvestments Capital LLC now owns 539 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 450 shares during the last quarter. Quest Capital Management Inc. ADV bought a new position in QTS Realty Trust during the third quarter worth about $26,000. Sandy Spring Bank bought a new position in QTS Realty Trust during the third quarter worth about $26,000. Quadrant Capital Group LLC bought a new position in QTS Realty Trust during the third quarter worth about $29,000. Finally, NEXT Financial Group Inc bought a new position in QTS Realty Trust during the second quarter worth about $36,000.

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

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