QTS Realty Trust Inc Class A (NYSE:QTS) declared a quarterly dividend on Friday, August 10th, Zacks reports. Shareholders of record on Thursday, September 20th will be given a dividend of 0.41 per share by the real estate investment trust on Thursday, October 4th. This represents a $1.64 annualized dividend and a yield of 3.58%. The ex-dividend date is Wednesday, September 19th.

QTS Realty Trust Inc Class A has raised its dividend payment by an average of 11.3% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. QTS Realty Trust Inc Class A has a dividend payout ratio of 74.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect QTS Realty Trust Inc Class A to earn $2.35 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 69.8%.

QTS opened at $45.85 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.94 and a current ratio of 0.94. QTS Realty Trust Inc Class A has a 1-year low of $31.58 and a 1-year high of $61.55. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.23 and a beta of 0.65.

QTS Realty Trust Inc Class A (NYSE:QTS) last released its quarterly earnings results on Wednesday, July 25th. The real estate investment trust reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.09. QTS Realty Trust Inc Class A had a negative net margin of 2.90% and a positive return on equity of 1.46%. The business had revenue of $102.55 million for the quarter, compared to the consensus estimate of $101.79 million. During the same period last year, the firm earned $0.55 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. equities analysts anticipate that QTS Realty Trust Inc Class A will post 2.19 EPS for the current year.

Several analysts have recently commented on the stock. Credit Suisse Group upgraded shares of QTS Realty Trust Inc Class A from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $30.00 to $42.00 in a research report on Wednesday, August 8th. Raymond James restated a “hold” rating on shares of QTS Realty Trust Inc Class A in a research report on Monday, August 20th. Zacks Investment Research downgraded shares of QTS Realty Trust Inc Class A from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 21st. BMO Capital Markets assumed coverage on shares of QTS Realty Trust Inc Class A in a research report on Tuesday, July 17th. They set an “outperform” rating and a $51.00 price objective on the stock. Finally, Wells Fargo & Co raised their price objective on shares of QTS Realty Trust Inc Class A from $38.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $48.64.

In related news, Director Stephen E. Westhead sold 1,924 shares of the firm’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $46.25, for a total transaction of $88,985.00. Following the completion of the transaction, the director now directly owns 5,014 shares of the company’s stock, valued at $231,897.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Catherine R. Kinney bought 1,400 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The shares were bought at an average cost of $44.07 per share, with a total value of $61,698.00. Following the completion of the purchase, the director now directly owns 11,657 shares of the company’s stock, valued at approximately $513,723.99. The disclosure for this purchase can be found here. 16.10% of the stock is owned by company insiders.

QTS Realty Trust Inc Class A Company Profile

QTS Realty Trust, Inc (NYSE: QTS) is a leading provider of secure, compliant data center solutions, hybrid cloud and fully managed services. QTS' integrated technology service platform of hyperscale and hybrid colocation provide flexible, scalable, secure IT solutions for web and IT applications.

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Dividend History for QTS Realty Trust Inc Class A (NYSE:QTS)

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