Shares of CyrusOne (NASDAQ:CONE) have earned an average recommendation of “Buy” from the eighteen research firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $67.50.
Several equities analysts have commented on the company. BidaskClub raised CyrusOne from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 3rd. Zacks Investment Research upgraded CyrusOne from a “sell” rating to a “hold” rating in a research note on Monday, May 7th. Credit Suisse Group set a $73.00 target price on CyrusOne and gave the company a “buy” rating in a research note on Friday, April 27th. Jefferies Group restated a “buy” rating and set a $67.00 target price on shares of CyrusOne in a research note on Tuesday, February 27th. Finally, Guggenheim set a $65.00 target price on CyrusOne and gave the company a “buy” rating in a research note on Friday, February 23rd.
In other news, insider Kevin L. Timmons sold 11,465 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $49.39, for a total transaction of $566,256.35. Following the transaction, the insider now owns 177,843 shares of the company’s stock, valued at $8,783,665.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Amalgamated Bank lifted its holdings in CyrusOne by 5.8% in the first quarter. Amalgamated Bank now owns 19,964 shares of the real estate investment trust’s stock valued at $1,022,000 after buying an additional 1,089 shares during the period. Principal Financial Group Inc. lifted its holdings in CyrusOne by 6.3% in the first quarter. Principal Financial Group Inc. now owns 411,372 shares of the real estate investment trust’s stock valued at $21,066,000 after buying an additional 24,256 shares during the period. Summit Trail Advisors LLC lifted its holdings in CyrusOne by 6,756.5% in the first quarter. Summit Trail Advisors LLC now owns 113,406 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 111,752 shares during the period. WINTON GROUP Ltd acquired a new position in CyrusOne in the first quarter valued at approximately $1,528,000. Finally, CIBC World Markets Inc. lifted its holdings in CyrusOne by 280.7% in the first quarter. CIBC World Markets Inc. now owns 15,841 shares of the real estate investment trust’s stock valued at $811,000 after buying an additional 11,680 shares during the period. 98.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:CONE traded up $0.82 during mid-day trading on Friday, hitting $52.46. The company had a trading volume of 7,709 shares, compared to its average volume of 937,044. The firm has a market capitalization of $5.22 billion, a P/E ratio of 16.74, a P/E/G ratio of 0.94 and a beta of 0.76. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.17. CyrusOne has a one year low of $43.49 and a one year high of $65.73.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.78). The business had revenue of $180.50 million for the quarter, compared to the consensus estimate of $182.48 million. CyrusOne had a negative net margin of 1.33% and a negative return on equity of 0.60%. analysts anticipate that CyrusOne will post 3.27 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.84 annualized dividend and a dividend yield of 3.51%. CyrusOne’s payout ratio is 58.97%.
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 nearly 1,000 customers, including 197 Fortune 1000 companies.
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