Traders sold shares of CyrusOne Inc (NASDAQ:CONE) on strength during trading on Thursday. $9.96 million flowed into the stock on the tick-up and $55.28 million flowed out of the stock on the tick-down, for a money net flow of $45.32 million out of the stock. Of all companies tracked, CyrusOne had the 0th highest net out-flow for the day. CyrusOne traded up $0.57 for the day and closed at $62.76
A number of research analysts recently commented on CONE shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $63.00 price target on shares of CyrusOne in a report on Tuesday, July 25th. Cowen and Company reissued a “buy” rating and issued a $72.00 price objective on shares of CyrusOne in a research note on Friday, July 28th. Royal Bank Of Canada reissued a “buy” rating on shares of CyrusOne in a research note on Friday, July 28th. Zacks Investment Research downgraded shares of CyrusOne from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $66.00 price objective (up from $65.00) on shares of CyrusOne in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. CyrusOne presently has a consensus rating of “Buy” and a consensus target price of $63.14.
The company has a debt-to-equity ratio of 1.56, a current ratio of 0.48 and a quick ratio of 0.48. The stock has a market cap of $5,730.00, a price-to-earnings ratio of 21.52, a PEG ratio of 1.14 and a beta of 0.81.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($1.37). CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The firm had revenue of $175.30 million during the quarter, compared to analysts’ expectations of $177.62 million. During the same period in the prior year, the firm posted $0.67 earnings per share. CyrusOne’s revenue for the quarter was up 21.9% compared to the same quarter last year. equities research analysts forecast that CyrusOne Inc will post 3.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.70%. The ex-dividend date is Thursday, December 28th. CyrusOne’s dividend payout ratio is currently -171.43%.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of CyrusOne stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total value of $812,700.00. Following the transaction, the insider now directly owns 214,063 shares of the company’s stock, valued at $12,886,592.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.64% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in CyrusOne by 5.1% in the second quarter. Vanguard Group Inc. now owns 12,464,124 shares of the real estate investment trust’s stock worth $694,875,000 after purchasing an additional 602,662 shares during the last quarter. BlackRock Inc. grew its holdings in shares of CyrusOne by 6.3% during the second quarter. BlackRock Inc. now owns 7,362,899 shares of the real estate investment trust’s stock valued at $410,481,000 after buying an additional 433,166 shares during the last quarter. State Street Corp grew its holdings in shares of CyrusOne by 6.6% during the second quarter. State Street Corp now owns 2,073,936 shares of the real estate investment trust’s stock valued at $115,625,000 after buying an additional 129,125 shares during the last quarter. Cbre Clarion Securities LLC purchased a new stake in shares of CyrusOne during the second quarter valued at $93,042,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of CyrusOne by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 1,521,931 shares of the real estate investment trust’s stock valued at $87,725,000 after buying an additional 122,465 shares during the last quarter. 96.36% of the stock is currently owned by institutional investors and hedge funds.
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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.
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