CyrusOne Inc. (NASDAQ:CONE) – Research analysts at Truist Securiti lowered their Q2 2021 EPS estimates for shares of CyrusOne in a report released on Thursday, April 29th. Truist Securiti analyst G. Miller now anticipates that the real estate investment trust will post earnings of $1.01 per share for the quarter, down from their previous forecast of $1.02. Truist Securiti also issued estimates for CyrusOne’s Q3 2021 earnings at $0.95 EPS, Q1 2022 earnings at $1.05 EPS, Q3 2022 earnings at $1.02 EPS, Q4 2022 earnings at $1.13 EPS and FY2022 earnings at $4.33 EPS.
Several other analysts also recently weighed in on the stock. TD Securities reduced their price objective on shares of CyrusOne from $92.00 to $88.00 and set a “buy” rating for the company in a research report on Friday, April 30th. TheStreet upgraded shares of CyrusOne from a “c” rating to a “b-” rating in a research report on Monday, April 26th. Zacks Investment Research upgraded shares of CyrusOne from a “sell” rating to a “hold” rating in a research report on Monday, April 26th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of CyrusOne from $80.00 to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, February 24th. Finally, Wolfe Research started coverage on shares of CyrusOne in a research note on Friday, March 19th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. CyrusOne presently has an average rating of “Hold” and a consensus target price of $82.17.
Shares of CONE opened at $70.04 on Monday. CyrusOne has a 1-year low of $61.64 and a 1-year high of $86.77. The stock has a market cap of $8.58 billion, a PE ratio of -269.37, a P/E/G ratio of 0.81 and a beta of 0.46. The firm has a 50-day simple moving average of $70.42 and a two-hundred day simple moving average of $70.69. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.48 and a quick ratio of 1.48.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Tuesday, April 27th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.83). CyrusOne had a positive return on equity of 1.23% and a negative net margin of 2.91%. The firm had revenue of $298.60 million for the quarter, compared to analyst estimates of $271.57 million. During the same quarter in the previous year, the business posted $0.97 earnings per share. CyrusOne’s revenue for the quarter was up 21.4% on a year-over-year basis.
Several hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in CyrusOne by 28.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 125,447 shares of the real estate investment trust’s stock worth $8,495,000 after purchasing an additional 27,586 shares in the last quarter. Hill Winds Capital LP bought a new position in CyrusOne during the first quarter worth $1,354,000. State of Michigan Retirement System lifted its stake in CyrusOne by 1.8% during the first quarter. State of Michigan Retirement System now owns 44,664 shares of the real estate investment trust’s stock worth $3,025,000 after purchasing an additional 800 shares during the last quarter. Buckley Wealth Management LLC bought a new position in CyrusOne during the first quarter worth $301,000. Finally, Virginia Retirement Systems ET AL lifted its stake in CyrusOne by 34.5% during the first quarter. Virginia Retirement Systems ET AL now owns 116,300 shares of the real estate investment trust’s stock worth $7,876,000 after purchasing an additional 29,800 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 9th. Stockholders of record on Friday, June 25th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, June 24th. This represents a $2.04 annualized dividend and a dividend yield of 2.91%. CyrusOne’s payout ratio is currently 56.20%.
CyrusOne (NASDAQ: CONE) is a premier global REIT specializing in design, construction and operation of more than 50 high-performance data centers worldwide. The Company provides mission-critical facilities that ensure the continued operation of IT infrastructure for approximately 1,000 customers, including approximately 200 Fortune 1000 companies.
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