CyrusOne Inc (NASDAQ:CONE) has been assigned a consensus rating of “Buy” from the eighteen ratings firms that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $67.50.
CONE has been the topic of a number of research reports. BidaskClub upgraded CyrusOne from a “strong sell” rating to a “sell” rating in a report on Saturday, February 3rd. Credit Suisse Group set a $73.00 price target on CyrusOne and gave the stock a “buy” rating in a report on Wednesday, February 21st. Guggenheim set a $65.00 price target on CyrusOne and gave the stock a “buy” rating in a report on Friday, February 23rd. Jefferies Group reiterated a “buy” rating and set a $67.00 target price on shares of CyrusOne in a report on Tuesday, February 27th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of CyrusOne in a report on Thursday, March 1st.
In other CyrusOne news, insider Kevin L. Timmons sold 11,465 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $49.39, for a total transaction of $566,256.35. Following the sale, the insider now owns 177,843 shares in the company, valued at approximately $8,783,665.77. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.64% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. SeaCrest Wealth Management LLC purchased a new position in shares of CyrusOne during the 4th quarter worth $127,000. Pitcairn Co. purchased a new position in shares of CyrusOne during the 4th quarter worth $203,000. Buckley Wealth Management LLC purchased a new position in shares of CyrusOne during the 4th quarter worth $207,000. CIBC World Markets Inc. purchased a new position in shares of CyrusOne during the 4th quarter worth $248,000. Finally, Suntrust Banks Inc. purchased a new position in shares of CyrusOne during the 1st quarter worth $234,000. 98.69% of the stock is currently owned by institutional investors.
Shares of CONE traded up $0.13 on Friday, reaching $53.65. The stock had a trading volume of 403,700 shares, compared to its average volume of 1,166,169. The stock has a market cap of $5.27 billion, a P/E ratio of 17.20, a P/E/G ratio of 0.95 and a beta of 0.76. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.07 and a quick ratio of 2.07. CyrusOne has a twelve month low of $43.49 and a twelve month high of $65.73.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.78). The firm had revenue of $180.50 million during the quarter, compared to analyst estimates of $182.48 million. CyrusOne had a negative return on equity of 0.60% and a negative net margin of 1.33%. research analysts expect that CyrusOne will post 3.27 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Thursday, June 28th. CyrusOne’s dividend payout ratio (DPR) is presently 58.97%.
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 200 Fortune 1000 companies.
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