Dividend Watch: QTS Realty Trust, Inc. (NYSE:QTS)
(NYSE:QTS). The current rating of the shares is Hold. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. In the past week, the shares have outperformed the S&P 500 by 2.28% and the outperformance increases to 1.84% for the last 4 weeks.
A number of brokerages have recently weighed in on QTS. KeyBanc Capital Markets maintained the shares of QTS Realty Trust in a report on September 29 with “Overweight” rating. TheStreet raised Cedar Realty Trust from a “hold” rating to a “buy” rating in a report on Tuesday, November 3rd. (Symbol: DLR) priced a 10,500,000 share secondary stock offering at $68.00 per share.
In looking at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $5.61. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. If the contract is never exercised, the put seller would still keep the premium, which represents a 2.1% return against the $65.00 purchase commitment, or a 5.3% annualized rate of return (at Stock Options Channel we call this the YieldBoost ). The stock was sold at an average price of $42.30, for a total transaction of $128,634.30.
Additionally, Kite Realty Group Trust now has a market capitalization of 2.21B. Empire State Realty Trust has a 52-week low of $15.85 and a 52-week high of $19.16.
On a technical level the stock has a 50 Day Moving Average of 23.101.
The stock decreased 0.70% or $0.06 during the last trading session, hitting $8.55. As of June 30, 2013, the Company owned 12 office properties (including one long-term ground leasehold interest) encompassing approximately 7.7 million rentable square feet of office space, which were approximately 83.5% leased (or 86.2% giving effect to leases signed but not yet commenced as of that date). During the same quarter in the previous year, the firm posted $0.25 EPS. Education Realty Trust’s quarterly revenue was up 6.4% on a year-over-year basis.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 15th. Shareholders of record on Tuesday, November 10th were issued a $0.05 dividend. On a consensus basis this yields to an Overweight rating. The New York-based fund Gerstein Fisher disclosed it had bought a stake worth about 3.25% of the investment manager’s stock portfolio in QTS Realty Trust Inc. (NYSE:QTS) is an owner, developer and operator of carrier-neutral and multi-tenant data centers. The Company has an integrated platform through which it owns and operates its data centers and provides a range of IT infrastructure solutions. The Company refer to its spectrum of core data center products as its 3Cs which consists of Custom Data Center, Colocation and Cloud and Managed Services. The Company owns and operates grocery-anchored shopping centers straddling the Washington DC to Boston corridor. The Company’s data centers facilities used by its customers to house, power and cool the networking equipment and computer systems that support their business processes.