CyrusOne Inc (NASDAQ:CONE) – Jefferies Group increased their Q3 2017 earnings per share estimates for shares of CyrusOne in a report issued on Monday. Jefferies Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings of $0.77 per share for the quarter, up from their previous forecast of $0.75. Jefferies Group has a “Buy” rating and a $69.00 price target on the stock. Jefferies Group also issued estimates for CyrusOne’s Q4 2017 earnings at $0.82 EPS, FY2017 earnings at $3.09 EPS and FY2019 earnings at $4.02 EPS.

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

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://www.watchlistnews.com/q3-2017-eps-estimates-for-cyrusone-inc-cone-increased-by-jefferies-group/1489973.html.

CONE has been the subject of several other research reports. TheStreet lowered shares of CyrusOne from a “b-” rating to a “c” rating in a research note on Wednesday, May 3rd. Stifel Nicolaus boosted their price target on shares of CyrusOne from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Mitsubishi UFJ Financial Group started coverage on shares of CyrusOne in a research note on Tuesday, April 25th. They set a “neutral” rating and a $54.00 price target for the company. Cowen and Company upped their target price on shares of CyrusOne from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, June 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $63.00 target price (up previously from $59.00) on shares of CyrusOne in a research note on Monday, May 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $60.69.

Shares of CyrusOne (NASDAQ:CONE) opened at 60.20 on Tuesday. CyrusOne has a 52 week low of $38.80 and a 52 week high of $61.26.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.42 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.68 annualized dividend and a dividend yield of 2.79%. CyrusOne’s payout ratio is presently -541.92%.

In related news, insider Kevin L. Timmons sold 8,600 shares of CyrusOne stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $57.89, for a total value of $497,854.00. Following the completion of the sale, the insider now directly owns 170,137 shares in the company, valued at approximately $9,849,230.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert M. Jackson sold 1,890 shares of CyrusOne stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $59.00, for a total value of $111,510.00. Following the completion of the sale, the executive vice president now owns 24,296 shares of the company’s stock, valued at $1,433,464. The disclosure for this sale can be found here. Insiders have sold 128,784 shares of company stock valued at $7,453,999 over the last 90 days. Corporate insiders own 1.64% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Almanack Investment Partners LLC. bought a new position in CyrusOne during the second quarter worth $124,000. PNC Financial Services Group Inc. boosted its position in CyrusOne by 20.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 388 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in CyrusOne by 21.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock worth $152,000 after buying an additional 484 shares in the last quarter. Perigon Wealth Management LLC boosted its position in CyrusOne by 941.7% in the first quarter. Perigon Wealth Management LLC now owns 3,125 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 2,825 shares in the last quarter. Finally, Janney Capital Management LLC acquired a new position in CyrusOne during the second quarter worth approximately $210,000. Institutional investors and hedge funds own 93.41% 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.

Earnings History and Estimates for CyrusOne (NASDAQ:CONE)

Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.