CyrusOne Inc (NASDAQ:CONE) – KeyCorp decreased their FY2019 earnings estimates for CyrusOne in a report issued on Sunday, December 2nd. KeyCorp analyst J. Sadler now anticipates that the real estate investment trust will post earnings per share of $3.62 for the year, down from their prior forecast of $3.71.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.43) EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($1.23). CyrusOne had a net margin of 14.07% and a return on equity of 5.68%. The firm had revenue of $206.60 million for the quarter, compared to the consensus estimate of $209.33 million. During the same quarter in the prior year, the company earned $0.79 earnings per share. The company’s quarterly revenue was up 17.9% compared to the same quarter last year.
NASDAQ:CONE opened at $57.59 on Tuesday. CyrusOne has a 52 week low of $43.49 and a 52 week high of $69.01. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market cap of $5.94 billion, a P/E ratio of 17.05, a PEG ratio of 1.12 and a beta of 1.05.
Large investors have recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC purchased a new stake in CyrusOne during the 2nd quarter valued at about $253,000. BNP Paribas Arbitrage SA grew its position in CyrusOne by 119.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 29,918 shares of the real estate investment trust’s stock valued at $1,746,000 after purchasing an additional 16,299 shares during the last quarter. Aperio Group LLC grew its position in CyrusOne by 7.5% during the 2nd quarter. Aperio Group LLC now owns 72,351 shares of the real estate investment trust’s stock valued at $4,222,000 after purchasing an additional 5,056 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in CyrusOne by 9.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 181,706 shares of the real estate investment trust’s stock valued at $10,604,000 after purchasing an additional 15,833 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in CyrusOne by 7.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 100,684 shares of the real estate investment trust’s stock valued at $5,876,000 after purchasing an additional 7,033 shares during the last quarter.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Wednesday, January 2nd will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, December 31st. CyrusOne’s dividend payout ratio is presently 58.97%.
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 approximately 1,000 customers, including 200 Fortune 1000 companies.
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