CyrusOne Inc (NASDAQ:CONE) – SunTrust Banks decreased their Q1 2018 earnings per share estimates for CyrusOne in a report released on Thursday. SunTrust Banks analyst G. Miller now forecasts that the real estate investment trust will post earnings of $0.78 per share for the quarter, down from their prior forecast of $0.83. SunTrust Banks also issued estimates for CyrusOne’s Q2 2018 earnings at $0.79 EPS, Q3 2018 earnings at $0.84 EPS, Q4 2018 earnings at $0.84 EPS, FY2018 earnings at $3.24 EPS, Q1 2019 earnings at $0.84 EPS, Q2 2019 earnings at $0.87 EPS, Q3 2019 earnings at $0.92 EPS, Q4 2019 earnings at $0.94 EPS and FY2019 earnings at $3.57 EPS.
Several other equities analysts have also issued reports on CONE. Jefferies Group reiterated a “buy” rating and issued a $67.00 price target on shares of CyrusOne in a research note on Tuesday. Guggenheim set a $65.00 price objective on CyrusOne and gave the stock a “buy” rating in a research report on Friday, February 23rd. Credit Suisse Group set a $73.00 price objective on CyrusOne and gave the stock a “buy” rating in a research report on Wednesday, February 21st. BidaskClub lowered CyrusOne from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 17th. Finally, Mitsubishi UFJ Financial Group upgraded CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $66.62.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from CyrusOne’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 3.58%. CyrusOne’s payout ratio is presently -175.00%.
Institutional investors and hedge funds have recently made changes to their positions in the business. IFP Advisors Inc lifted its holdings in CyrusOne by 232.6% during the 3rd quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 1,198 shares during the period. SeaCrest Wealth Management LLC acquired a new position in CyrusOne during the 4th quarter worth about $127,000. Pitcairn Co. acquired a new position in CyrusOne during the 4th quarter worth about $203,000. Bbva Compass Bancshares Inc. acquired a new position in CyrusOne during the 3rd quarter worth about $202,000. Finally, Buckley Wealth Management LLC acquired a new position in CyrusOne during the 4th quarter worth about $207,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: “CyrusOne Inc to Post Q1 2018 Earnings of $0.78 Per Share, SunTrust Banks Forecasts (CONE)” was published by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/3227951/cyrusone-inc-to-post-q1-2018-earnings-of-0-78-per-share-suntrust-banks-forecasts-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.