News coverage about CyrusOne (NASDAQ:CONE) has trended positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. CyrusOne earned a news impact score of 0.27 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.4440384129329 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
CONE stock opened at $57.22 on Wednesday. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 1.02 and a beta of 0.80. 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 one year low of $43.49 and a one year high of $65.73.
CyrusOne (NASDAQ:CONE) last released its earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.10. The firm had revenue of $196.60 million during the quarter, compared to analysts’ expectations of $185.86 million. CyrusOne had a negative net margin of 1.33% and a negative return on equity of 0.60%. CyrusOne’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 EPS. sell-side analysts expect that CyrusOne will post 3.26 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be paid a $0.46 dividend. The ex-dividend date is Thursday, June 28th. This represents a $1.84 annualized dividend and a yield of 3.22%. CyrusOne’s payout ratio is currently 58.97%.
A number of equities research analysts have recently issued reports on CONE shares. Jefferies Financial Group reiterated a “buy” rating and set a $67.00 price target on shares of CyrusOne in a research report on Tuesday, February 27th. Credit Suisse Group restated a “buy” rating and set a $73.00 price objective on shares of CyrusOne in a research report on Wednesday, February 28th. Royal Bank of Canada restated a “buy” rating on shares of CyrusOne in a research report on Thursday, March 1st. BidaskClub upgraded CyrusOne from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 15th. Finally, Moffett Nathanson began coverage on CyrusOne in a research report on Monday, April 9th. They set a “hold” rating and a $58.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $67.46.
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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