Shares of CyrusOne Inc (NASDAQ:CONE) hit a new 52-week high during trading on Monday . The company traded as high as $60.92 and last traded at $60.94, with a volume of 523,455 shares changing hands. The stock had previously closed at $58.49.
A number of analysts have recently commented on CONE shares. Credit Suisse Group started coverage on shares of CyrusOne in a report on Friday, June 30th. They set an “outperform” rating and a $73.00 target price on the stock. Barclays PLC boosted their target price on shares of CyrusOne from $53.00 to $57.00 and gave the company an “overweight” rating in a report on Tuesday, April 25th. Stifel Nicolaus boosted their target price on shares of CyrusOne from $56.00 to $60.00 and gave the company a “buy” rating in a report on Friday, May 5th. Zacks Investment Research cut shares of CyrusOne from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, BidaskClub cut shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $60.69.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. The firm had revenue of $166.90 million for the quarter, compared to analyst estimates of $165.71 million. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 earnings per share. Equities analysts expect that CyrusOne Inc will post ($0.15) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid 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 2.79%. CyrusOne’s dividend payout ratio is currently -541.92%.
In other news, insider Kevin L. Timmons sold 8,600 shares of the firm’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 transaction, the insider now owns 170,137 shares in the company, valued at $9,849,230.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gary J. Wojtaszek sold 80,000 shares of the firm’s stock in a transaction 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 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. In the last 90 days, insiders have sold 128,784 shares of company stock worth $7,453,999. Insiders own 1.64% of the company’s stock.
A number of large investors 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. Almanack Investment Partners LLC. bought a new stake in shares of CyrusOne during the second quarter worth $124,000. 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. Finally, Pitcairn Co. bought a new stake in shares of CyrusOne during the first quarter worth $204,000. 93.41% of the stock is currently 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.
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