QTS Realty Trust, Inc. Class A (NYSE:QTS):
QTS Announces Availability of Fully Managed OpenStack Cloud.
The company is so far trading down from yesterday’s close of $47.45.
QTS Realty Trust, Inc. Class A also declared a dividend for shareholders paid on Wednesday October 5th, 2016. The dividend payment was $0.360 per share for the quarter which is $1.44 annualized. The dividend yield was $2.70. The ex-dividend date was set for Friday the 16th of September 2016.
Shares are trading at $46.71 which is slightly below the 50 day moving average which is $52.44 and which is marginally under the 200 day moving average of $53.09. The 50 day moving average went down by -10.92% and the 200 day average was down $-6.38.
The company currently has a P/E ratio of 100.24 and market capitalization is 2.24B. As of the last earnings report the EPS was $0.47 and is expected to be $2.60 for the current year with 47,857,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.66 with next year’s EPS anticipated to be $2.90.
Several brokerages have provided guidance on the stock of late. Equity analyst starting coverage on QTS with a rating of “Outperform”. On October 7 analysts at Raymond James began coverage of the stock setting a rating of “Outperform”.
SunTrust Robinson Humphrey starting coverage on the stock by announcing an initial rating of “Buy” and a price target of $65.00. July 18 investment analysts at Deutsche Bank held the company rating at “Hold” and raised the price expectation from $49.00 to $56.00.
On June 6, 2016 Canaccord Genuity started covering QTS with an initial rating of “Buy” and projecting a price target of $63.00. Wells Fargo initiated coverage on the stock giving it an initial rating of “Outperform”.