CyrusOne (NASDAQ:CONE) – Stock analysts at Jefferies Group lowered their Q2 2018 earnings estimates for shares of CyrusOne in a report issued on Monday, May 14th. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings of $0.78 per share for the quarter, down from their previous forecast of $0.81. Jefferies Group currently has a “Buy” rating and a $67.00 target price on the stock. Jefferies Group also issued estimates for CyrusOne’s Q4 2018 earnings at $0.84 EPS, FY2019 earnings at $3.68 EPS and FY2020 earnings at $4.40 EPS.
Other analysts have also issued research reports about the stock. Royal Bank of Canada restated a “buy” rating on shares of CyrusOne in a research note on Thursday, March 1st. Credit Suisse Group restated a “buy” rating and set a $73.00 price target on shares of CyrusOne in a research note on Wednesday, February 28th. Guggenheim set a $65.00 price target on shares of CyrusOne and gave the company a “buy” rating in a research note on Friday, February 23rd. Barclays restated a “buy” rating and set a $69.00 price target on shares of CyrusOne in a research note on Friday, January 19th. Finally, BidaskClub upgraded shares of CyrusOne from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. CyrusOne has an average rating of “Buy” and an average price target of $67.25.
Shares of CONE stock opened at $53.38 on Tuesday. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 0.97 and a beta of 0.76. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.07 and a quick ratio of 2.07. CyrusOne has a 12 month low of $53.04 and a 12 month high of $53.47.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.78). The business had revenue of $180.50 million for the quarter, compared to the consensus estimate of $182.48 million. CyrusOne had a negative net margin of 1.33% and a negative return on equity of 0.60%.
Several large investors have recently modified their holdings of the stock. Comerica Bank boosted its holdings in shares of CyrusOne by 0.9% in the 4th quarter. Comerica Bank now owns 103,495 shares of the real estate investment trust’s stock worth $5,881,000 after buying an additional 895 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of CyrusOne by 8.1% in the 4th quarter. Stephens Inc. AR now owns 12,260 shares of the real estate investment trust’s stock worth $730,000 after buying an additional 920 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of CyrusOne by 0.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 126,093 shares of the real estate investment trust’s stock worth $6,457,000 after buying an additional 953 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of CyrusOne by 6.1% in the 4th quarter. Advisor Group Inc. now owns 18,504 shares of the real estate investment trust’s stock worth $1,102,000 after buying an additional 1,061 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. boosted its holdings in shares of CyrusOne by 22.3% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 6,175 shares of the real estate investment trust’s stock worth $368,000 after buying an additional 1,128 shares during the last quarter. 99.94% of the stock is currently owned by institutional investors.
In other CyrusOne news, insider Kevin L. Timmons sold 11,465 shares of CyrusOne stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $49.39, for a total transaction of $566,256.35. Following the transaction, the insider now directly owns 177,843 shares of the company’s stock, valued at approximately $8,783,665.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Thursday, June 28th. CyrusOne’s dividend payout ratio is 58.97%.
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for nearly 1,000 customers, including 197 Fortune 1000 companies.
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