CyrusOne Inc (NASDAQ:CONE) – Analysts at SunTrust Banks lifted their FY2017 earnings per share estimates for CyrusOne in a research note issued on Tuesday. SunTrust Banks analyst G. Miller now expects that the real estate investment trust will post earnings per share of $3.11 for the year, up from their prior estimate of $3.09. SunTrust Banks also issued estimates for CyrusOne’s Q1 2018 earnings at $0.83 EPS and Q2 2018 earnings at $0.84 EPS.
Other equities research analysts have also issued reports about the company. Royal Bank Of Canada reiterated a “buy” rating on shares of CyrusOne in a research note on Friday, July 28th. Cowen and Company reiterated a “buy” rating and issued a $72.00 price objective on shares of CyrusOne in a research note on Friday, July 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $63.00 price objective on shares of CyrusOne in a research note on Tuesday, July 25th. Stifel Nicolaus reiterated a “buy” rating on shares of CyrusOne in a research note on Wednesday, July 19th. Finally, Zacks Investment Research upgraded CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $62.14.
COPYRIGHT VIOLATION WARNING: “SunTrust Banks Comments on CyrusOne Inc’s FY2017 Earnings (CONE)” was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.com-unik.info/2017/11/03/suntrust-banks-comments-on-cyrusone-incs-fy2017-earnings-cone.html. CyrusOne (NASDAQ:CONE) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($1.37). The company had revenue of $175.30 million during the quarter, compared to the consensus estimate of $177.62 million. CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period last year, the business posted $0.67 EPS.
Large investors have recently bought and sold shares of the business. IFP Advisors Inc lifted its holdings in CyrusOne by 232.6% during the 3rd quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 1,198 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in CyrusOne by 3,032.8% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 1,850 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in CyrusOne by 20.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 388 shares in the last quarter. Almanack Investment Partners LLC. acquired a new position in CyrusOne during the 2nd quarter worth $124,000. Finally, Public Employees Retirement Association of Colorado lifted its holdings in CyrusOne by 21.6% during the 2nd 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 in the last quarter. 97.17% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Robert M. Jackson sold 1,890 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $59.00, for a total transaction of $111,510.00. Following the sale, the executive vice president now directly owns 24,296 shares in the company, valued at approximately $1,433,464. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.64% of the stock is owned by corporate insiders.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a yield of Infinity. CyrusOne’s dividend payout ratio (DPR) is presently -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.
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