Shares of CyrusOne Inc (NASDAQ:CONE) have been given an average rating of “Buy” by the eighteen research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $65.00.
Several equities research analysts have issued reports on CONE shares. Deutsche Bank reissued a “buy” rating and issued a $71.00 price objective on shares of CyrusOne in a research report on Friday, November 10th. Morgan Stanley boosted their price objective on shares of CyrusOne from $63.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, November 17th. KeyCorp reissued a “hold” rating on shares of CyrusOne in a research report on Tuesday, September 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price target on shares of CyrusOne in a research report on Thursday, September 14th. Finally, Cowen reaffirmed a “buy” rating and issued a $78.00 price target on shares of CyrusOne in a research report on Wednesday, November 1st.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total transaction of $812,700.00. Following the transaction, the insider now owns 214,063 shares in the company, valued at approximately $12,886,592.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.64% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in shares of CyrusOne by 232.6% in the third quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 1,198 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in CyrusOne by 3,032.8% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 1,850 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in CyrusOne during the second quarter worth $124,000. Public Employees Retirement Association of Colorado boosted its holdings in CyrusOne by 21.6% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock worth $152,000 after buying an additional 484 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in CyrusOne by 32.9% during the second quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock worth $169,000 after buying an additional 751 shares in the last quarter. Hedge funds and other institutional investors own 96.67% of the company’s stock.
CyrusOne (NASDAQ:CONE) opened at $57.41 on Thursday. The company has a market cap of $5,298.66, a PE ratio of 19.60, a P/E/G ratio of 1.04 and a beta of 0.79. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.56. CyrusOne has a 52 week low of $43.90 and a 52 week high of $65.73.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($1.37). The company had revenue of $175.30 million during the quarter, compared to analysts’ expectations of $177.62 million. CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.23%. CyrusOne’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period last year, the firm earned $0.67 earnings per share. analysts predict that CyrusOne will post 3.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a yield of 2.93%. CyrusOne’s payout ratio is -173.19%.
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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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