QTS Realty Trust Inc (QTS) Releases Earnings Results, Beats Expectations By $0.05 EPS

QTS Realty Trust Inc (QTS) reported quarterly earnings results on Monday, Apr-25-2016. The company said it had a profit of $0.68 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.63. The company posted revenue of $94.80 million in the period, compared to analysts expectations of $94.45 million. The company’s revenue was up 54.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on QTS Realty Trust Inc. Company shares were Reiterated by Deutsche Bank on Mar 3, 2016 to “Hold”, Firm has raised the Price Target to $ 49 from a previous price target of $47 .

QTS Realty Trust Inc opened for trading at $47.98 and hit $48.19 on the upside on Friday, eventually ending the session at $48.05, with a gain of 0.54% or 0.26 points. The heightened volatility saw the trading volume jump to 2,56,498 shares. Company has a market cap of $1,981 M.

In a different news, on Mar 16, 2016, Jeffrey H. Berson (Chief Investment Officer) sold 16,000 shares at $45.77 per share price. According to the SEC, on Dec 15, 2015, Shirley E. Goza (Secretary) sold 36,426 shares at $41.38 per share price.

QTS Realty Trust Inc. (QTS) is an owner developer and operator of carrier-neutral and multi-tenant data centers. The Company’s data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers. The Company has an integrated platform through which it owns and operates its data centers and provides a range of IT infrastructure solutions. Its spectrum of core data center products referred to as 3Cs which consists of Custom Data Center Colocation and Cloud and Managed Services. The Company operates a portfolio of over 12 data centers across approximately eight states. 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. QTS’s customers include financial institutions healthcare companies Government agencies communications service providers software companies and Internet companies.

QTS Realty Trust Inc

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