BidaskClub upgraded shares of CyrusOne (NASDAQ:CONE) from a strong sell rating to a sell rating in a research report report published on Thursday, March 15th.
Other research analysts have also issued reports about the company. Barclays reissued a buy rating and issued a $69.00 price objective on shares of CyrusOne in a research report on Friday, January 19th. Credit Suisse Group set a $73.00 target price on CyrusOne and gave the stock a buy rating in a research report on Wednesday, January 17th. Guggenheim set a $65.00 price target on CyrusOne and gave the stock a buy rating in a research note on Friday, February 23rd. ValuEngine downgraded CyrusOne from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, Jefferies Group restated a buy rating and issued a $67.00 target price on shares of CyrusOne in a research note on Tuesday, February 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $66.62.
Shares of CONE stock traded down $0.88 during mid-day trading on Thursday, hitting $49.96. 937,197 shares of the company’s stock were exchanged, compared to its average volume of 1,075,349. CyrusOne has a fifty-two week low of $43.49 and a fifty-two week high of $65.73. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $4,831.53, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 0.90 and a beta of 0.77.
CyrusOne (NASDAQ:CONE) last issued its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.78). CyrusOne had a negative return on equity of 2.79% and a negative net margin of 12.43%. The firm had revenue of $180.50 million during the quarter, compared to analysts’ expectations of $182.48 million. analysts anticipate that CyrusOne will post 3.25 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.68%. This is a boost from CyrusOne’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, March 28th. CyrusOne’s payout ratio is presently 58.97%.
In other CyrusOne news, insider Kevin L. Timmons sold 11,465 shares of CyrusOne stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $49.39, for a total transaction of $566,256.35. Following the transaction, the insider now directly owns 177,843 shares in the company, valued at approximately $8,783,665.77. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.64% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SeaCrest Wealth Management LLC purchased a new position in shares of CyrusOne during the 4th quarter valued at $127,000. Pitcairn Co. purchased a new position in shares of CyrusOne during the 4th quarter valued at $203,000. Buckley Wealth Management LLC purchased a new position in shares of CyrusOne during the 4th quarter valued at $207,000. Cipher Capital LP purchased a new position in shares of CyrusOne during the 3rd quarter valued at $221,000. Finally, Timber Hill LLC purchased a new position in shares of CyrusOne during the 3rd quarter valued at $224,000. Hedge funds and other institutional investors own 99.50% of the company’s stock.
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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 nearly 1,000 customers, including 197 Fortune 1000 companies.
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