CyrusOne Inc (NASDAQ:CONE)‘s stock had its “buy” rating reiterated by equities research analysts at Stifel Nicolaus in a research report issued on Wednesday, July 19th.
Other equities analysts have also recently issued research reports about the company. Macquarie reaffirmed an “outperform” rating and issued a $58.00 target price on shares of CyrusOne in a report on Tuesday, July 4th. Barclays PLC upped their target price on CyrusOne from $53.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, April 25th. BidaskClub cut CyrusOne from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $58.00 target price (up previously from $56.00) on shares of CyrusOne in a report on Wednesday, May 17th. Finally, Zacks Investment Research raised CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $59.29.
CyrusOne (CONE) opened at 58.59 on Wednesday. The stock’s market cap is $4.69 billion. CyrusOne has a 12-month low of $38.80 and a 12-month high of $60.55.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The company had revenue of $166.90 million during the quarter, compared to analysts’ expectations of $165.71 million. During the same quarter in the previous year, the firm earned $0.67 EPS. CyrusOne’s revenue was up 28.3% on a year-over-year basis. Equities analysts predict that CyrusOne will post ($0.10) earnings per share for the current year.
In other news, CEO Gary J. Wojtaszek sold 38,294 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $58.01, for a total value of $2,221,434.94. Following the transaction, the chief executive officer now owns 511,621 shares in the company, valued at $29,679,134.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary J. Wojtaszek sold 80,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $57.79, for a total value of $4,623,200.00. Following the completion of the transaction, the insider now owns 511,621 shares in the company, valued at approximately $29,566,577.59. The disclosure for this sale can be found here. Insiders sold 126,894 shares of company stock worth $7,342,489 in the last 90 days. Corporate insiders own 1.64% of the company’s stock.
Several hedge funds have recently modified their holdings of CONE. PNC Financial Services Group Inc. increased its stake in shares of CyrusOne by 20.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 388 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of CyrusOne by 21.6% in 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 during the last quarter. Perigon Wealth Management LLC increased its stake in shares of CyrusOne by 941.7% in the first quarter. Perigon Wealth Management LLC now owns 3,125 shares of the real estate investment trust’s stock worth $162,000 after buying an additional 2,825 shares during the last quarter. Comerica Bank acquired a new stake in shares of CyrusOne during the fourth quarter worth approximately $203,000. Finally, Pitcairn Co. acquired a new stake in shares of CyrusOne during the first quarter worth approximately $204,000. 99.23% of the stock is owned by institutional investors.
About CyrusOne
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 Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne Inc and related companies with MarketBeat.com's FREE daily email newsletter.
