CyrusOne Inc (NASDAQ:CONE) declared a quarterly dividend on Thursday, February 21st, Wall Street Journal reports. Shareholders of record on Friday, March 29th will be given a dividend of 0.46 per share by the real estate investment trust on Friday, April 12th. This represents a $1.84 annualized dividend and a yield of 3.53%. The ex-dividend date is Thursday, March 28th.
CyrusOne has raised its dividend by an average of 15.9% annually over the last three years and has increased its dividend every year for the last 5 years. CyrusOne has a dividend payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect CyrusOne to earn $3.49 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 52.7%.
NASDAQ CONE opened at $52.14 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.54 and a current ratio of 0.54. CyrusOne has a 12-month low of $48.61 and a 12-month high of $69.01. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 1.16 and a beta of 0.86.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $221.30 million for the quarter, compared to analyst estimates of $223.80 million. CyrusOne had a net margin of 0.15% and a return on equity of 0.06%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 earnings per share. Sell-side analysts anticipate that CyrusOne will post 3.16 EPS for the current year.
CONE has been the topic of a number of research analyst reports. BidaskClub raised shares of CyrusOne from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 18th. Stifel Nicolaus set a $62.00 price objective on shares of CyrusOne and gave the company a “buy” rating in a report on Friday, February 22nd. Bank of America lowered shares of CyrusOne from a “buy” rating to a “neutral” rating and set a $52.88 price objective on the stock. in a report on Wednesday, January 2nd. Zacks Investment Research lowered shares of CyrusOne from a “hold” rating to a “strong sell” rating in a report on Monday, February 11th. Finally, BMO Capital Markets dropped their price objective on shares of CyrusOne to $60.00 and set an “outperform” rating on the stock in a report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $61.16.
In other CyrusOne news, Director Michael Klayko bought 1,955 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average cost of $51.10 per share, for a total transaction of $99,900.50. Following the completion of the transaction, the director now directly owns 12,016 shares of the company’s stock, valued at approximately $614,017.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kevin L. Timmons sold 19,600 shares of the business’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $51.14, for a total transaction of $1,002,344.00. Following the transaction, the executive vice president now owns 152,965 shares of the company’s stock, valued at $7,822,630.10. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.
CyrusOne Company Profile
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including 208 Fortune 1000 companies.
Read More: Dollar Cost Averaging
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.