CyrusOne Inc (NASDAQ:CONE) – Equities research analysts at William Blair lifted their FY2017 earnings per share (EPS) estimates for shares of CyrusOne in a research note issued to investors on Wednesday, Zacks Investment Research reports. William Blair analyst J. Breen now expects that the real estate investment trust will earn $3.10 per share for the year, up from their previous forecast of $3.08. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for CyrusOne’s FY2018 earnings at $3.32 EPS.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing the consensus estimate of $0.76 by ($1.37). CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.23%. The company had revenue of $175.30 million during the quarter, compared to analysts’ expectations of $177.62 million. During the same period last year, the business earned $0.67 earnings per share. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year.
CONE has been the topic of a number of other reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $66.00 target price on shares of CyrusOne in a research report on Thursday, September 14th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of CyrusOne in a research report on Friday, July 28th. Cowen and Company reaffirmed a “buy” rating and set a $72.00 target price on shares of CyrusOne in a research report on Friday, July 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $63.00 target price on shares of CyrusOne in a research report on Tuesday, July 25th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $64.00 target price (up from $62.00) on shares of CyrusOne in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. CyrusOne has an average rating of “Buy” and a consensus target price of $62.64.
CyrusOne (NASDAQ:CONE) traded down $0.48 during trading hours on Thursday, reaching $61.80. The company’s stock had a trading volume of 447,300 shares, compared to its average volume of 1,066,920. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.56. CyrusOne has a one year low of $38.80 and a one year high of $65.73. The stock has a market capitalization of $5,642.90, a price-to-earnings ratio of 20.88, a PEG ratio of 1.02 and a beta of 0.81.
A number of hedge funds have recently modified their holdings of CONE. IFP Advisors Inc boosted its stake in CyrusOne by 232.6% in the third quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 1,198 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in CyrusOne by 3,032.8% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 1,850 shares during the period. PNC Financial Services Group Inc. boosted its stake in CyrusOne by 20.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 388 shares during the period. Almanack Investment Partners LLC. acquired a new position in shares of CyrusOne during the second quarter worth approximately $124,000. Finally, Public Employees Retirement Association of Colorado boosted its position in shares of CyrusOne by 21.6% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock worth $152,000 after buying an additional 484 shares during the period. Institutional investors own 96.36% of the company’s stock.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of CyrusOne stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total value of $812,700.00. Following the completion of the transaction, the insider now directly owns 214,063 shares in the company, valued at $12,886,592.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.64% of the stock is owned by insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.72%. The ex-dividend date is Thursday, December 28th. CyrusOne’s dividend payout ratio is currently -173.19%.
CyrusOne Company Profile
CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CyrusOne Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne Inc and related companies with MarketBeat.com's FREE daily email newsletter.