QTS Realty Trust Inc (NYSE:QTS) announced a quarterly dividend on Wednesday, July 29th, Zacks reports. Shareholders of record on Friday, September 18th will be given a dividend of 0.47 per share by the real estate investment trust on Tuesday, October 6th. This represents a $1.88 annualized dividend and a yield of 2.65%. The ex-dividend date is Thursday, September 17th.
QTS Realty Trust has increased its dividend payment by an average of 22.2% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. QTS Realty Trust has a dividend payout ratio of 1,342.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect QTS Realty Trust to earn $2.57 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 73.2%.
Shares of QTS traded down $0.60 during trading hours on Friday, reaching $71.00. The company’s stock had a trading volume of 4,539 shares, compared to its average volume of 574,276. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of -230.96 and a beta of 0.52. QTS Realty Trust has a 1-year low of $42.64 and a 1-year high of $72.11. The company has a quick ratio of 1.39, a current ratio of 1.38 and a debt-to-equity ratio of 1.64. The company has a 50 day moving average of $64.96 and a two-hundred day moving average of $60.54.
QTS Realty Trust (NYSE:QTS) last issued its earnings results on Monday, July 27th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.63). The business had revenue of $131.60 million during the quarter, compared to analyst estimates of $129.99 million. QTS Realty Trust had a net margin of 3.90% and a return on equity of 1.88%. QTS Realty Trust’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. As a group, analysts forecast that QTS Realty Trust will post 2.32 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on the company. Raymond James upgraded QTS Realty Trust from a “market perform” rating to an “outperform” rating and set a $74.00 target price on the stock in a report on Wednesday. Barclays started coverage on QTS Realty Trust in a report on Wednesday, July 15th. They issued an “overweight” rating and a $73.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on QTS Realty Trust from $70.00 to $76.00 in a report on Wednesday. CSFB increased their price objective on QTS Realty Trust from $64.00 to $68.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Stifel Nicolaus increased their price objective on QTS Realty Trust from $74.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $69.41.
In related news, EVP William H. Schafer sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $65.18, for a total value of $1,303,600.00. Following the transaction, the executive vice president now owns 16,307 shares in the company, valued at $1,062,890.26. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Chad L. Williams sold 241,808 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $65.15, for a total value of $15,753,791.20. The disclosure for this sale can be found here. Company insiders own 13.90% 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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