CyrusOne Inc (NASDAQ:CONE) had its price objective lifted by Morgan Stanley from $63.00 to $70.00 in a report released on Friday morning. They currently have an overweight rating on the real estate investment trust’s stock.
Several other analysts also recently weighed in on CONE. Jefferies Group LLC restated a buy rating and set a $63.00 price objective on shares of CyrusOne in a research report on Tuesday, July 25th. Cowen and Company restated a buy rating and set a $72.00 price objective on shares of CyrusOne in a research report on Friday, July 28th. Royal Bank Of Canada restated a buy rating on shares of CyrusOne in a research report on Friday, July 28th. Zacks Investment Research downgraded shares of CyrusOne from a buy rating to a hold rating in a research report on Tuesday, August 8th. Finally, Stifel Nicolaus restated a buy rating and set a $66.00 price objective (up previously from $65.00) on shares of CyrusOne in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. CyrusOne has a consensus rating of Buy and an average target price of $63.14.
Shares of CyrusOne (CONE) traded down $0.63 during trading hours on Friday, hitting $62.13. 932,236 shares of the stock traded hands, compared to its average volume of 1,068,744. The stock has a market cap of $5,730.00, a P/E ratio of 21.52, a PEG ratio of 1.14 and a beta of 0.81. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.56. CyrusOne has a twelve month low of $39.77 and a twelve month high of $65.73.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.76 by ($1.37). The company had revenue of $175.30 million for the quarter, compared to analysts’ expectations of $177.62 million. CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. equities research analysts expect that CyrusOne will post 3.09 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.68 annualized dividend and a yield of 2.70%. CyrusOne’s dividend payout ratio is currently -171.43%.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total value of $812,700.00. Following the transaction, the insider now directly owns 214,063 shares of the company’s stock, valued at approximately $12,886,592.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.64% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dana Investment Advisors Inc. increased its stake in CyrusOne by 7.0% in the 3rd quarter. Dana Investment Advisors Inc. now owns 204,427 shares of the real estate investment trust’s stock valued at $12,047,000 after buying an additional 13,354 shares during the period. Sterling Capital Management LLC increased its stake in CyrusOne by 45.0% in the 3rd quarter. Sterling Capital Management LLC now owns 50,750 shares of the real estate investment trust’s stock valued at $2,991,000 after buying an additional 15,750 shares during the period. Neuberger Berman Group LLC increased its stake in CyrusOne by 67.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 460,388 shares of the real estate investment trust’s stock valued at $27,131,000 after buying an additional 185,428 shares during the period. California Public Employees Retirement System increased its stake in CyrusOne by 7.5% in the 3rd quarter. California Public Employees Retirement System now owns 140,343 shares of the real estate investment trust’s stock valued at $8,270,000 after buying an additional 9,843 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in CyrusOne by 27.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 34,109 shares of the real estate investment trust’s stock valued at $2,010,000 after buying an additional 7,263 shares during the period. 96.36% of the stock is currently owned by institutional investors.
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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