CyrusOne Inc (NASDAQ:CONE) – Stock analysts at KeyCorp upped their FY2017 EPS estimates for shares of CyrusOne in a research note issued to investors on Thursday. KeyCorp analyst J. Sadler now forecasts that the real estate investment trust will post earnings per share of $3.04 for the year, up from their prior forecast of $3.01. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for CyrusOne’s FY2018 earnings at $3.39 EPS.

CyrusOne (NASDAQ:CONE) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.03. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The business had revenue of $166.90 million for the quarter, compared to analysts’ expectations of $165.71 million. During the same period in the previous year, the firm posted $0.67 EPS. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year.

COPYRIGHT VIOLATION WARNING: “CyrusOne Inc Expected to Earn FY2017 Earnings of $3.04 Per Share (CONE)” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.thecerbatgem.com/2017/10/03/cyrusone-inc-expected-to-earn-fy2017-earnings-of-3-04-per-share-cone.html.

A number of other equities research analysts have also recently commented on CONE. Macquarie reissued an “outperform” rating and issued a $58.00 price objective on shares of CyrusOne in a research note on Tuesday, July 4th. Jefferies Group LLC restated a “buy” rating and set a $69.00 target price on shares of CyrusOne in a research report on Monday, August 14th. Cowen and Company restated a “buy” rating and set a $72.00 target price on shares of CyrusOne in a research report on Friday, July 28th. BidaskClub raised shares of CyrusOne from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Finally, Zacks Investment Research raised shares of CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $60.77.

Shares of CyrusOne (NASDAQ:CONE) traded down 0.71% during trading on Monday, reaching $59.15. The company had a trading volume of 42,321 shares. CyrusOne has a 12 month low of $38.80 and a 12 month high of $65.73.

Several hedge funds have recently bought and sold shares of CONE. Perigon Wealth Management LLC grew its position in shares of CyrusOne by 44.8% in the second quarter. Perigon Wealth Management LLC now owns 4,525 shares of the real estate investment trust’s stock valued at $254,000 after purchasing an additional 1,400 shares during the period. Intl Fcstone Inc. acquired a new position in CyrusOne in the second quarter valued at $1,108,000. Dynamic Technology Lab Private Ltd acquired a new position in CyrusOne in the second quarter valued at $424,000. Public Employees Retirement System of Ohio increased its stake in CyrusOne by 7.6% in the second quarter. Public Employees Retirement System of Ohio now owns 36,810 shares of the real estate investment trust’s stock valued at $2,052,000 after purchasing an additional 2,590 shares during the last quarter. Finally, Wealthsource Partners LLC lifted its position in CyrusOne by 7.0% during the second quarter. Wealthsource Partners LLC now owns 11,823 shares of the real estate investment trust’s stock worth $659,000 after buying an additional 775 shares during the period. Institutional investors and hedge funds own 96.48% of the company’s stock.

In other CyrusOne news, EVP Robert M. Jackson sold 1,890 shares of the stock in a transaction 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 transaction, the executive vice president now owns 24,296 shares of the company’s stock, valued at approximately $1,433,464. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.64% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.68 annualized dividend and a yield of 2.82%. CyrusOne’s dividend payout ratio (DPR) is presently -541.92%.

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.

Earnings History and Estimates for CyrusOne (NASDAQ:CONE)

Receive News & Stock Ratings for CyrusOne Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne Inc and related stocks with our FREE daily email newsletter.