News articles about CyrusOne (NASDAQ:CONE) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CyrusOne earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.3770099674357 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Stifel Nicolaus Reiterates “Buy” Rating for CyrusOne Inc (CONE) (footballhebdo.com)
- Recent Research Analysts’ Ratings Changes for CyrusOne (CONE) (lazeresportes.com)
- Cyrusone Inc Set to Possibly Pullback After Yesterday’s Rally of 1.08% (mysmartrend.com)
- Loeb Partners Corp Boosts Stake in CyrusOne Inc (NASDAQ:CONE) (elcumanes.com)
- Stifel Nicolaus Reiterates “Buy” Rating for CyrusOne Inc (NASDAQ:CONE) (campdesrecrues.com)
CONE has been the subject of several research reports. TheStreet cut CyrusOne from a “b-” rating to a “c” rating in a research report on Wednesday, May 3rd. Stifel Nicolaus increased their price objective on CyrusOne from $56.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Mitsubishi UFJ Financial Group initiated coverage on CyrusOne in a research report on Tuesday, April 25th. They issued a “neutral” rating and a $54.00 price objective for the company. Cowen and Company increased their price objective on CyrusOne from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, June 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $63.00 target price (up from $59.00) on shares of CyrusOne in a research report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. CyrusOne has an average rating of “Buy” and an average target price of $60.23.
Shares of CyrusOne (CONE) opened at 58.49 on Friday. CyrusOne has a 52 week low of $38.80 and a 52 week high of $60.55.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $166.90 million during the quarter, compared to the consensus estimate of $165.71 million. During the same period in the prior year, the company earned $0.67 EPS. CyrusOne’s revenue for the quarter was up 28.3% on a year-over-year basis. Equities research analysts predict that CyrusOne will post ($0.11) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.68 annualized dividend and a dividend yield of 2.87%. CyrusOne’s dividend payout ratio is currently -541.92%.
In related news, insider Kevin L. Timmons sold 8,600 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $57.89, for a total transaction of $497,854.00. Following the completion of the sale, the insider now directly owns 170,137 shares in the company, valued at approximately $9,849,230.93. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gary J. Wojtaszek sold 38,294 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 511,621 shares of the company’s stock, valued at $29,679,134.21. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 126,894 shares of company stock valued at $7,342,489. 1.64% of the stock is owned by corporate insiders.
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.
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