CyrusOne Inc. (NASDAQ:CONE) – Stock analysts at KeyCorp lowered their Q4 2016 earnings estimates for shares of CyrusOne in a report issued on Wednesday. KeyCorp analyst J. Sadler now anticipates that the firm will post earnings per share of $0.64 for the quarter, down from their prior forecast of $0.68.

A number of other brokerages have also issued reports on CONE. Zacks Investment Research upgraded shares of CyrusOne from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 1st. Deutsche Bank AG restated a “buy” rating and set a $59.00 target price (up previously from $57.00) on shares of CyrusOne in a research report on Tuesday, November 1st. Barclays PLC upgraded shares of CyrusOne from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $50.00 to $57.00 in a research report on Thursday, August 18th. Bank of America Corp. set a $58.00 target price on shares of CyrusOne and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Finally, Jefferies Group raised their target price on shares of CyrusOne from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $56.55.

Earnings History and Estimates for CyrusOne (NASDAQ:CONE)

CyrusOne (NASDAQ:CONE) last announced its earnings results on Monday, October 31st. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.05. CyrusOne had a net margin of 3.58% and a return on equity of 1.78%. The business earned $143.80 million during the quarter, compared to the consensus estimate of $136.21 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The business’s quarterly revenue was up 29.3% compared to the same quarter last year.

Several institutional investors have recently bought and sold shares of the stock. Shinko Asset Management Co. Ltd. raised its position in CyrusOne by 1,811.5% in the second quarter. Shinko Asset Management Co. Ltd. now owns 1,380,904 shares of the company’s stock valued at $76,861,000 after buying an additional 1,308,661 shares during the last quarter. Emerald Advisers Inc. PA raised its position in CyrusOne by 1,334.7% in the second quarter. Emerald Advisers Inc. PA now owns 368,232 shares of the company’s stock valued at $20,496,000 after buying an additional 342,566 shares during the last quarter. Heitman Real Estate Securities LLC acquired a new position in CyrusOne during the first quarter valued at $35,686,000. Prudential Financial Inc. increased its stake in CyrusOne by 3,209.8% in the second quarter. Prudential Financial Inc. now owns 1,083,389 shares of the company’s stock valued at $60,302,000 after buying an additional 1,050,656 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in CyrusOne by 33.0% in the second quarter. BNP Paribas Arbitrage SA now owns 17,480 shares of the company’s stock valued at $973,000 after buying an additional 4,340 shares during the period. Institutional investors and hedge funds own 89.85% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be issued a dividend of $0.38 per share. The ex-dividend date is Wednesday, December 28th. This represents a $1.52 annualized dividend and a dividend yield of 3.82%. CyrusOne’s payout ratio is 723.84%.

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 the CyrusOne footprint and beyond.

5 Day Chart for NASDAQ:CONE

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