CyrusOne (NASDAQ:CONE) – Stock analysts at Jefferies Group decreased their Q2 2018 earnings estimates for shares of CyrusOne in a research report issued to clients and investors on Monday, May 14th. Jefferies Group analyst J. Petersen now forecasts that the real estate investment trust will earn $0.78 per share for the quarter, down from their previous estimate of $0.81. Jefferies Group has a “Buy” rating and a $67.00 price target 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.
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A number of other research firms also recently commented on CONE. BidaskClub upgraded shares of CyrusOne from a “sell” rating to a “hold” rating in a report on Wednesday, April 18th. Credit Suisse Group set a $73.00 price objective on shares of CyrusOne and gave the company a “buy” rating in a report on Friday, April 27th. Moffett Nathanson began coverage on shares of CyrusOne in a research note on Monday, April 9th. They issued a “hold” rating and a $58.00 price target for the company. Barclays reissued a “buy” rating and issued a $69.00 price target on shares of CyrusOne in a research note on Friday, January 19th. Finally, Zacks Investment Research raised shares of CyrusOne from a “sell” rating to a “hold” rating in a research note on Monday, May 7th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $67.25.
CONE stock opened at $53.39 on Tuesday. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 0.98 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 $53.16 and a 12 month high of $54.14.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $182.48 million. CyrusOne had a negative net margin of 1.33% and a negative return on equity of 0.60%.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.84 annualized dividend and a dividend yield of 3.45%. CyrusOne’s dividend payout ratio (DPR) is 58.97%.
In other news, insider Kevin L. Timmons sold 11,465 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $49.39, for a total value of $566,256.35. Following the completion of the sale, the insider now owns 177,843 shares of the company’s stock, valued at approximately $8,783,665.77. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Comerica Bank boosted its position in shares of CyrusOne by 0.9% during the 4th quarter. Comerica Bank now owns 103,495 shares of the real estate investment trust’s stock worth $5,881,000 after purchasing an additional 895 shares during the period. Stephens Inc. AR boosted its position in shares of CyrusOne by 8.1% during the 4th quarter. Stephens Inc. AR now owns 12,260 shares of the real estate investment trust’s stock worth $730,000 after purchasing an additional 920 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of CyrusOne by 0.8% during 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 purchasing an additional 953 shares during the period. Advisor Group Inc. boosted its position in shares of CyrusOne by 6.1% during the 4th quarter. Advisor Group Inc. now owns 18,504 shares of the real estate investment trust’s stock worth $1,102,000 after purchasing an additional 1,061 shares during the period. Finally, Campbell Newman Asset Management Inc. boosted its position in shares of CyrusOne by 22.3% during 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 purchasing an additional 1,128 shares during the period. 99.94% of the stock is owned by hedge funds and other institutional investors.
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.