CyrusOne Inc (NASDAQ:CONE)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group LLC in a research report issued to clients and investors on Monday, October 16th. They presently have a $69.00 price objective on the real estate investment trust’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 16.91% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. BidaskClub cut shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Royal Bank Of Canada reiterated a “buy” rating on shares of CyrusOne in a report on Friday, July 28th. Cowen and Company reiterated a “buy” rating and issued a $72.00 price objective on shares of CyrusOne in a report on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating on shares of CyrusOne in a report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded shares of CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $60.77.
CyrusOne (NASDAQ:CONE) opened at 59.02 on Monday. CyrusOne has a 52-week low of $38.80 and a 52-week high of $65.73. The firm’s 50-day moving average is $61.07 and its 200-day moving average is $58.11. The firm’s market cap is $5.20 billion.
CyrusOne (NASDAQ:CONE) last posted 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. CyrusOne had a negative net margin of 4.35% and a positive return on equity of 1.30%. The business had revenue of $166.90 million for the quarter, compared to analysts’ expectations of $165.71 million. During the same period in the previous year, the company posted $0.67 EPS. CyrusOne’s revenue was up 28.3% on a year-over-year basis. Analysts forecast that CyrusOne will post ($0.24) EPS for the current fiscal year.
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In related news, EVP Robert M. Jackson sold 1,890 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $59.00, for a total value of $111,510.00. Following the completion of the transaction, the executive vice president now owns 24,296 shares of the company’s stock, valued at $1,433,464. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.64% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of CONE. BlackRock Inc. raised its position in CyrusOne by 9,082.1% in the first quarter. BlackRock Inc. now owns 6,929,733 shares of the real estate investment trust’s stock worth $356,674,000 after purchasing an additional 6,854,263 shares in the last quarter. Vanguard Group Inc. raised its position in CyrusOne by 23.0% in the first quarter. Vanguard Group Inc. now owns 11,861,462 shares of the real estate investment trust’s stock worth $610,510,000 after purchasing an additional 2,220,488 shares in the last quarter. Cbre Clarion Securities LLC acquired a new position in CyrusOne in the second quarter worth about $93,042,000. State Street Corp raised its position in CyrusOne by 107.4% in the first quarter. State Street Corp now owns 1,944,811 shares of the real estate investment trust’s stock worth $100,098,000 after purchasing an additional 1,007,158 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in CyrusOne by 1,668.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 869,130 shares of the real estate investment trust’s stock worth $44,734,000 after purchasing an additional 819,970 shares in the last quarter. 97.45% of the stock is owned by hedge funds and other 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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