CyrusOne Inc (NASDAQ:CONE) – Investment analysts at KeyCorp issued their FY2019 earnings per share estimates for CyrusOne in a research report issued to clients and investors on Sunday. KeyCorp analyst J. Sadler forecasts that the real estate investment trust will post earnings per share of $3.94 for the year.
Several other research analysts have also issued reports on CONE. Morgan Stanley raised their price target on shares of CyrusOne from $63.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, November 17th. ValuEngine lowered shares of CyrusOne from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub lowered shares of CyrusOne from a “hold” rating to a “sell” rating in a report on Thursday, December 21st. Zacks Investment Research lowered shares of CyrusOne from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, Credit Suisse Group set a $73.00 price target on shares of CyrusOne and gave the stock a “buy” rating in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $66.62.
CyrusOne (CONE) traded down $0.17 during trading hours on Wednesday, reaching $52.40. 308,111 shares of the company traded hands, compared to its average volume of 1,358,277. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.30. CyrusOne has a twelve month low of $43.49 and a twelve month high of $65.73. The firm has a market cap of $4,998.54, a P/E ratio of -55.18, a PEG ratio of 0.93 and a beta of 0.83.
Several large investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB bought a new stake in shares of CyrusOne in the 4th quarter valued at $457,000. Envestnet Asset Management Inc. increased its stake in shares of CyrusOne by 140.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 22,104 shares of the real estate investment trust’s stock valued at $1,317,000 after acquiring an additional 12,903 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in shares of CyrusOne in the 4th quarter valued at $327,000. MetLife Investment Advisors LLC bought a new stake in shares of CyrusOne in the 4th quarter valued at $3,439,000. Finally, LPL Financial LLC bought a new stake in shares of CyrusOne in the 4th quarter valued at $284,000. Institutional investors own 99.54% of the company’s stock.
In other news, insider Kevin L. Timmons sold 11,465 shares of CyrusOne stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $49.39, for a total value of $566,256.35. Following the completion of the sale, the insider now owns 177,843 shares in the company, valued at approximately $8,783,665.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.64% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.84 annualized dividend and a dividend yield of 3.51%. This is a positive change from CyrusOne’s previous quarterly dividend of $0.42. CyrusOne’s payout ratio is currently -176.84%.
COPYRIGHT VIOLATION NOTICE: “KeyCorp Comments on CyrusOne Inc’s FY2019 Earnings (CONE)” was originally published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://www.thelincolnianonline.com/2018/03/15/keycorp-comments-on-cyrusone-incs-fy2019-earnings-cone.html.
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.
Receive News & Ratings for CyrusOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne and related companies with MarketBeat.com's FREE daily email newsletter.