CyrusOne Inc (NASDAQ:CONE) – Jefferies Financial Group cut their FY2019 earnings per share estimates for shares of CyrusOne in a report issued on Tuesday, April 23rd. Jefferies Financial Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings of $3.17 per share for the year, down from their previous forecast of $3.19. Jefferies Financial Group has a “Hold” rating and a $54.00 price target on the stock. Jefferies Financial Group also issued estimates for CyrusOne’s Q4 2019 earnings at $0.82 EPS, Q1 2020 earnings at $0.86 EPS, Q2 2020 earnings at $0.88 EPS, Q3 2020 earnings at $0.87 EPS and FY2020 earnings at $3.51 EPS.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Wednesday, February 20th. The real estate investment trust reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.04. The firm had revenue of $221.30 million during the quarter, compared to analyst estimates of $223.80 million. CyrusOne had a return on equity of 0.06% and a net margin of 0.15%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS.
CONE opened at $56.22 on Thursday. The firm has a market capitalization of $6.11 billion, a PE ratio of 16.98, a P/E/G ratio of 1.21 and a beta of 0.87. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.54 and a quick ratio of 0.54. CyrusOne has a 12 month low of $48.94 and a 12 month high of $69.01.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Thursday, March 28th. CyrusOne’s dividend payout ratio is currently 55.59%.
In related news, EVP Kevin L. Timmons sold 19,600 shares of the company’s stock in a transaction dated Tuesday, February 26th. The stock was 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 directly owns 152,965 shares of the company’s stock, valued at approximately $7,822,630.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary J. Wojtaszek bought 4,000 shares of CyrusOne stock in a transaction that occurred on Wednesday, February 27th. The shares were acquired at an average cost of $49.86 per share, for a total transaction of $199,440.00. Following the completion of the transaction, the chief executive officer now directly owns 396,534 shares in the company, valued at $19,771,185.24. The disclosure for this purchase can be found here. Corporate insiders own 1.40% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Cohen & Steers Inc. grew its stake in CyrusOne by 52.5% during the 3rd quarter. Cohen & Steers Inc. now owns 11,176,542 shares of the real estate investment trust’s stock valued at $708,593,000 after purchasing an additional 3,846,356 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in CyrusOne by 5,517.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,191,559 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 2,152,545 shares during the last quarter. Deutsche Bank AG grew its stake in CyrusOne by 157.0% during the 4th quarter. Deutsche Bank AG now owns 2,336,203 shares of the real estate investment trust’s stock valued at $123,534,000 after purchasing an additional 1,427,291 shares during the last quarter. Vanguard Group Inc grew its stake in CyrusOne by 8.8% during the 3rd quarter. Vanguard Group Inc now owns 15,035,960 shares of the real estate investment trust’s stock valued at $953,281,000 after purchasing an additional 1,213,820 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in CyrusOne by 49.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,319,179 shares of the real estate investment trust’s stock valued at $175,518,000 after purchasing an additional 1,094,406 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors.
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 211 Fortune 1000 companies.
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