CyrusOne Inc (NASDAQ:CONE) declared a quarterly dividend on Tuesday, October 31st, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.42 per share by the real estate investment trust on Friday, January 12th. This represents a $1.68 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, December 28th.
CyrusOne (NASDAQ CONE) opened at 61.54 on Wednesday. CyrusOne has a 52-week low of $38.80 and a 52-week high of $65.73.
CyrusOne (NASDAQ:CONE) last announced its earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.76 by ($1.37). The business had revenue of $175.30 million for the quarter, compared to analyst estimates of $177.62 million. CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.27%. The firm’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share. On average, equities analysts expect that CyrusOne will post ($0.24) EPS for the current fiscal year.
Several analysts have recently weighed in on the company. UBS AG restated a “buy” rating and set a $70.00 target price (up from $63.00) on shares of CyrusOne in a research note on Wednesday. Cowen and Company restated a “buy” rating and set a $78.00 target price on shares of CyrusOne in a research note on Wednesday. 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 CyrusOne in a research note on Friday, September 22nd. They issued an “outperform” rating for the company. Finally, 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $62.14.
In other CyrusOne news, EVP Robert M. Jackson sold 1,890 shares of CyrusOne stock in a transaction that occurred on Monday, August 14th. The stock was 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.64% of the company’s stock.
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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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