Equities research analysts at Moffett Nathanson started coverage on shares of CyrusOne (NASDAQ:CONE) in a research note issued on Monday. The firm set a “hold” rating and a $58.00 price target on the real estate investment trust’s stock. Moffett Nathanson’s target price would suggest a potential upside of 16.09% from the company’s previous close.
Other analysts have also issued reports about the company. Barclays restated a “buy” rating and issued a $69.00 target price on shares of CyrusOne in a research note on Friday, January 19th. BidaskClub upgraded CyrusOne from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 3rd. Credit Suisse Group set a $73.00 target price on CyrusOne and gave the company a “buy” rating in a research note on Wednesday, January 17th. Guggenheim set a $65.00 target price on CyrusOne and gave the company a “buy” rating in a research note on Friday, February 23rd. 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 equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $66.00.
Shares of CyrusOne stock opened at $49.96 on Monday. The firm has a market cap of $4,831.52, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 0.90 and a beta of 0.77. CyrusOne has a 12 month low of $43.49 and a 12 month high of $65.73. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.95 and a current ratio of 0.95.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.78). The business had revenue of $180.50 million for the quarter, compared to the consensus estimate of $182.48 million. CyrusOne had a negative return on equity of 2.79% and a negative net margin of 12.43%. research analysts anticipate that CyrusOne will post 3.25 EPS for the current year.
In related news, insider Kevin L. Timmons sold 11,465 shares of the business’s 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 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 accessible through the SEC website. Insiders own 1.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in CONE. Atlantic Trust Group LLC bought a new stake in shares of CyrusOne during the 3rd quarter valued at $93,942,000. Cbre Clarion Securities LLC raised its stake in shares of CyrusOne by 21.7% during the 4th quarter. Cbre Clarion Securities LLC now owns 3,248,065 shares of the real estate investment trust’s stock valued at $193,357,000 after purchasing an additional 579,122 shares during the period. Janus Henderson Group PLC raised its stake in shares of CyrusOne by 29.9% during the 3rd quarter. Janus Henderson Group PLC now owns 1,091,406 shares of the real estate investment trust’s stock valued at $64,317,000 after purchasing an additional 251,472 shares during the period. Wells Fargo & Company MN raised its stake in shares of CyrusOne by 108.3% during the 3rd quarter. Wells Fargo & Company MN now owns 475,305 shares of the real estate investment trust’s stock valued at $28,010,000 after purchasing an additional 247,103 shares during the period. Finally, Ranger Global Real Estate Advisors LLC bought a new stake in shares of CyrusOne during the 4th quarter valued at $13,986,000. Institutional investors own 98.91% of the company’s stock.
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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 nearly 1,000 customers, including 197 Fortune 1000 companies.
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