CyrusOne Inc (CONE) Receives $60.45 Consensus PT from Analysts

Shares of CyrusOne Inc (NASDAQ:CONE) have earned an average rating of “Buy” from the seventeen brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $60.45.

CONE has been the topic of several research analyst reports. Morgan Stanley restated an “overweight” rating and issued a $63.00 price objective (up previously from $58.00) on shares of CyrusOne in a research note on Friday, August 25th. Cowen and Company upped their price objective on CyrusOne from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, June 23rd. Zacks Investment Research lowered CyrusOne from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub lowered CyrusOne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, KeyCorp restated a “hold” rating on shares of CyrusOne in a research note on Tuesday, September 12th.

TRADEMARK VIOLATION WARNING: “CyrusOne Inc (CONE) Receives $60.45 Consensus PT from Analysts” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/10/cyrusone-inc-cone-receives-60-45-consensus-pt-from-analysts.html.

CyrusOne (NASDAQ:CONE) traded up 0.51% during mid-day trading on Friday, reaching $61.26. The company’s stock had a trading volume of 927,631 shares. CyrusOne has a 52-week low of $38.80 and a 52-week high of $65.73.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. The firm had revenue of $166.90 million for the quarter, compared to analyst estimates of $165.71 million. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. Equities research analysts predict that CyrusOne will post ($0.24) earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, September 28th. CyrusOne’s payout ratio is -541.92%.

In related news, EVP Robert M. Jackson sold 1,890 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $59.00, for a total transaction of $111,510.00. Following the sale, the executive vice president now owns 24,296 shares of the company’s stock, valued at $1,433,464. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.64% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Perigon Wealth Management LLC grew its position in CyrusOne by 44.8% during the second quarter. Perigon Wealth Management LLC now owns 4,525 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 1,400 shares in the last quarter. Intl Fcstone Inc. acquired a new stake in CyrusOne during the second quarter worth approximately $1,108,000. Dynamic Technology Lab Private Ltd acquired a new stake in CyrusOne during the second quarter worth approximately $424,000. Public Employees Retirement System of Ohio grew its position in CyrusOne by 7.6% during the second quarter. Public Employees Retirement System of Ohio now owns 36,810 shares of the real estate investment trust’s stock worth $2,052,000 after buying an additional 2,590 shares in the last quarter. Finally, Wealthsource Partners LLC grew its position in CyrusOne by 7.0% during the second quarter. Wealthsource Partners LLC now owns 11,823 shares of the real estate investment trust’s stock worth $659,000 after buying an additional 775 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

CONE has been the topic of several research analyst reports. Morgan Stanley restated an “overweight” rating and issued a $63.00 price objective (up previously from $58.00) on shares of CyrusOne in a research note on Friday, August 25th. Cowen and Company upped their price objective on CyrusOne from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, June 23rd. Zacks Investment Research lowered CyrusOne from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub lowered CyrusOne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, KeyCorp restated a “hold” rating on shares of CyrusOne in a research note on Tuesday, September 12th.

TRADEMARK VIOLATION WARNING: “CyrusOne Inc (CONE) Receives $60.45 Consensus PT from Analysts” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/10/cyrusone-inc-cone-receives-60-45-consensus-pt-from-analysts.html.

CyrusOne (NASDAQ:CONE) traded up 0.51% during mid-day trading on Friday, reaching $61.26. The company’s stock had a trading volume of 927,631 shares. CyrusOne has a 52-week low of $38.80 and a 52-week high of $65.73.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. The firm had revenue of $166.90 million for the quarter, compared to analyst estimates of $165.71 million. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. Equities research analysts predict that CyrusOne will post ($0.24) earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, September 28th. CyrusOne’s payout ratio is -541.92%.

In related news, EVP Robert M. Jackson sold 1,890 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $59.00, for a total transaction of $111,510.00. Following the sale, the executive vice president now owns 24,296 shares of the company’s stock, valued at $1,433,464. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.64% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Perigon Wealth Management LLC grew its position in CyrusOne by 44.8% during the second quarter. Perigon Wealth Management LLC now owns 4,525 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 1,400 shares in the last quarter. Intl Fcstone Inc. acquired a new stake in CyrusOne during the second quarter worth approximately $1,108,000. Dynamic Technology Lab Private Ltd acquired a new stake in CyrusOne during the second quarter worth approximately $424,000. Public Employees Retirement System of Ohio grew its position in CyrusOne by 7.6% during the second quarter. Public Employees Retirement System of Ohio now owns 36,810 shares of the real estate investment trust’s stock worth $2,052,000 after buying an additional 2,590 shares in the last quarter. Finally, Wealthsource Partners LLC grew its position in CyrusOne by 7.0% during the second quarter. Wealthsource Partners LLC now owns 11,823 shares of the real estate investment trust’s stock worth $659,000 after buying an additional 775 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for CyrusOne (NASDAQ:CONE)

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