CyrusOne Inc (NASDAQ:CONE) – Jefferies Group lowered their Q4 2017 earnings per share estimates for CyrusOne in a research note issued on Monday. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will earn $0.81 per share for the quarter, down from their previous estimate of $0.82. Jefferies Group has a “Buy” rating and a $69.00 price target on the stock.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($1.37). The firm had revenue of $175.30 million during 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 3.23%. CyrusOne’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 EPS.
Shares of CyrusOne (NASDAQ:CONE) traded down $1.51 during trading hours on Wednesday, reaching $62.19. 988,600 shares of the company were exchanged, compared to its average volume of 1,067,152. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.48 and a current ratio of 0.48. The firm has a market capitalization of $5,680.00, a P/E ratio of 21.52, a P/E/G ratio of 1.14 and a beta of 0.81. CyrusOne has a 1 year low of $39.65 and a 1 year high of $65.73.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.70%. CyrusOne’s payout ratio is -171.43%.
In other news, insider Venkatesh S. Durvasula sold 13,500 shares of CyrusOne stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total transaction of $812,700.00. Following the completion of the sale, the insider now directly owns 214,063 shares in the company, valued at approximately $12,886,592.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.64% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of CONE. Cbre Clarion Securities LLC acquired a new position in shares of CyrusOne during the 2nd quarter worth approximately $93,042,000. Santa Barbara Asset Management LLC acquired a new position in shares of CyrusOne during the 3rd quarter worth approximately $65,169,000. Janus Henderson Group PLC raised its position in shares of CyrusOne by 971.8% during the 2nd quarter. Janus Henderson Group PLC now owns 839,934 shares of the real estate investment trust’s stock worth $46,826,000 after purchasing an additional 761,568 shares during the last quarter. Vanguard Group Inc. raised its position in shares of CyrusOne by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 12,464,124 shares of the real estate investment trust’s stock worth $694,875,000 after purchasing an additional 602,662 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of CyrusOne by 1,180.9% during the 3rd quarter. Fisher Asset Management LLC now owns 580,216 shares of the real estate investment trust’s stock worth $34,192,000 after purchasing an additional 534,919 shares during the last quarter. Hedge funds and other institutional investors own 96.36% 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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