CyrusOne Inc (NASDAQ:CONE) issued its quarterly earnings results on Monday. The real estate investment trust reported ($0.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($1.37), Yahoo Finance reports. The business had revenue of $175.30 million during the quarter, compared to the consensus estimate of $177.62 million. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The firm’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 earnings per share. CyrusOne updated its FY17 guidance to $3.05-$3.10 EPS.
Shares of CyrusOne (NASDAQ:CONE) traded down 2.57% during mid-day trading on Tuesday, reaching $60.16. 703,956 shares of the company traded hands. CyrusOne has a 52 week low of $38.80 and a 52 week high of $65.73.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Thursday, September 28th. CyrusOne’s dividend payout ratio (DPR) is -541.92%.
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Several research analysts recently issued reports on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $69.00 price target on shares of CyrusOne in a research note on Monday, October 16th. William Blair assumed coverage on shares of CyrusOne in a research note on Friday, September 22nd. They issued an “outperform” rating for the company. Cowen and Company reiterated a “buy” rating and issued a $68.00 price target on shares of CyrusOne in a research note on Thursday, September 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price target on shares of CyrusOne in a research note on Thursday, September 14th. Finally, KeyCorp reiterated a “hold” rating on shares of CyrusOne in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $60.77.
In other CyrusOne news, EVP Robert M. Jackson sold 1,890 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $59.00, for a total value of $111,510.00. Following the completion of the transaction, the executive vice president now directly owns 24,296 shares in the company, valued at $1,433,464. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.64% of the company’s stock.
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.
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