CyrusOne Inc. (NASDAQ:CONE) – Equities researchers at Jefferies Group decreased their FY2018 earnings per share (EPS) estimates for CyrusOne in a research note issued to investors on Friday. Jefferies Group analyst J. Petersen now anticipates that the firm will post earnings of $3.74 per share for the year, down from their previous forecast of $3.85. Jefferies Group has a “Buy” rating and a $55.00 price objective on the stock.

Several other analysts have also commented on the company. Bank of America Corp. set a $58.00 price objective on CyrusOne and gave the stock a “buy” rating in a report on Wednesday, August 10th. Zacks Investment Research lowered CyrusOne from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $59.00 price objective (up previously from $57.00) on shares of CyrusOne in a report on Tuesday, November 1st. Finally, Barclays PLC raised CyrusOne from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $50.00 to $57.00 in a report on Thursday, August 18th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. CyrusOne has an average rating of “Buy” and a consensus target price of $55.82.

Earnings History and Estimates for CyrusOne (NASDAQ:CONE)

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Shares of CyrusOne (NASDAQ:CONE) traded up 0.613% during mid-day trading on Monday, reaching $43.515. The company had a trading volume of 335,633 shares. The stock has a 50 day moving average price of $0.00 and a 200 day moving average price of $0.00. CyrusOne has a 12-month low of $32.42 and a 12-month high of $57.00.

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

Institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in CyrusOne during the second quarter worth $440,000. Adams Diversified Equity Fund Inc. purchased a new stake in CyrusOne during the second quarter worth approximately $579,000. Shinko Asset Management Co. Ltd. increased its stake 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 worth $76,861,000 after buying an additional 1,308,661 shares in the last quarter. IBM Retirement Fund purchased a new stake in CyrusOne during the second quarter worth approximately $397,000. Finally, 1st Global Advisors Inc. increased its stake in CyrusOne by 0.7% in the second quarter. 1st Global Advisors Inc. now owns 7,202 shares of the company’s stock worth $401,000 after buying an additional 53 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Wednesday, December 28th. CyrusOne’s dividend payout ratio (DPR) is 723.84%.

About CyrusOne

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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