CyrusOne Inc (NASDAQ:CONE) has earned a consensus rating of “Buy” from the sixteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $63.76.
Several equities research analysts have recently commented on CONE shares. BidaskClub upgraded shares of CyrusOne from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research cut shares of CyrusOne from a “hold” rating to a “strong sell” rating in a research report on Monday, February 11th. BMO Capital Markets reiterated a “buy” rating and set a $68.00 price target on shares of CyrusOne in a research report on Wednesday, February 20th. Wells Fargo & Co reiterated a “buy” rating on shares of CyrusOne in a research report on Thursday, February 21st. Finally, Jefferies Financial Group cut shares of CyrusOne from a “buy” rating to a “hold” rating and lowered their price target for the stock from $62.00 to $54.00 in a research report on Friday, February 22nd.
In other news, Director Michael Klayko acquired 1,955 shares of CyrusOne stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average price of $51.10 per share, with a total value of $99,900.50. Following the purchase, the director now directly owns 12,016 shares of the company’s stock, valued at $614,017.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in CONE. Aptus Capital Advisors LLC bought a new position in CyrusOne in the fourth quarter valued at approximately $264,000. American International Group Inc. lifted its stake in CyrusOne by 7.1% in the fourth quarter. American International Group Inc. now owns 215,711 shares of the real estate investment trust’s stock valued at $11,407,000 after buying an additional 14,251 shares in the last quarter. Stephens Inc. AR lifted its stake in CyrusOne by 7.3% in the fourth quarter. Stephens Inc. AR now owns 16,459 shares of the real estate investment trust’s stock valued at $870,000 after buying an additional 1,122 shares in the last quarter. Macquarie Group Ltd. lifted its stake in CyrusOne by 7.3% in the fourth quarter. Macquarie Group Ltd. now owns 41,100 shares of the real estate investment trust’s stock valued at $2,173,000 after buying an additional 2,800 shares in the last quarter. Finally, Forsta AP Fonden lifted its stake in CyrusOne by 31.6% in the first quarter. Forsta AP Fonden now owns 15,400 shares of the real estate investment trust’s stock valued at $808,000 after buying an additional 3,700 shares in the last quarter. 97.85% of the stock is currently owned by institutional investors and hedge funds.
CONE traded down $1.08 during midday trading on Thursday, hitting $57.55. The company had a trading volume of 50,934 shares, compared to its average volume of 825,654. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $6.64 billion, a PE ratio of 17.38, a PEG ratio of 1.16 and a beta of 0.73. CyrusOne has a twelve month low of $48.94 and a twelve month high of $69.01.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.05. CyrusOne had a net margin of 5.54% and a return on equity of 2.15%. The firm had revenue of $225.00 million during the quarter, compared to analysts’ expectations of $231.36 million. During the same quarter last year, the company posted $0.85 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, research analysts predict that CyrusOne will post 3.36 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.20%. The ex-dividend date is Thursday, June 27th. CyrusOne’s payout ratio is 55.59%.
CyrusOne Company Profile
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 approximately 1,000 customers, including 212 Fortune 1000 companies.
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