Zacks Investment Research cut shares of CyrusOne (NASDAQ:CONE) from a buy rating to a hold rating in a report issued on Tuesday, Zacks.com reports.
According to Zacks, “CyrusOne Inc. is a real estate investment trust engaged in providing enterprise data centre colocation, engineering facilities with the highest power redundancy (2N architecture) and power-density infrastructure services in the United States, Europe, and Asia. CyrusOne Inc. is headquartered in Carrollton, United States. “
CONE has been the topic of several other research reports. ValuEngine downgraded shares of Intersect ENT from a buy rating to a hold rating in a report on Monday, June 3rd. Berenberg Bank reduced their target price on shares of Intu Properties from GBX 130 ($1.70) to GBX 100 ($1.31) and set a hold rating on the stock in a research report on Tuesday, May 7th. TheStreet lowered shares of ZTO Express (Cayman) from a b+ rating to a c rating in a report on Wednesday, May 1st. Royal Bank of Canada downgraded shares of Zayo Group from an outperform rating to a sector perform rating and increased their price objective for the stock from $33.00 to $35.00 in a research report on Wednesday, May 8th. Finally, BMO Capital Markets set a $66.00 price target on shares of CyrusOne and gave the company a buy rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $63.80.
NASDAQ CONE opened at $59.17 on Tuesday. CyrusOne has a twelve month low of $48.94 and a twelve month high of $69.01. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market cap of $6.76 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.18 and a beta of 0.66. The business’s 50 day moving average price is $59.67.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. CyrusOne had a net margin of 5.54% and a return on equity of 2.15%. The business had revenue of $225.00 million during the quarter, compared to analyst estimates of $231.36 million. During the same quarter in the previous year, the business earned $0.85 EPS. CyrusOne’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts expect that CyrusOne will post 3.36 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.84 annualized dividend and a yield of 3.11%. CyrusOne’s payout ratio is currently 55.59%.
A number of institutional investors and hedge funds have recently bought and sold shares of CONE. Ingalls & Snyder LLC lifted its stake in CyrusOne by 3.6% in the second quarter. Ingalls & Snyder LLC now owns 52,683 shares of the real estate investment trust’s stock worth $3,041,000 after acquiring an additional 1,810 shares during the period. Grassi Investment Management raised its position in shares of CyrusOne by 1.1% in the 2nd quarter. Grassi Investment Management now owns 126,515 shares of the real estate investment trust’s stock worth $7,302,000 after purchasing an additional 1,420 shares during the last quarter. Retirement Systems of Alabama increased its holdings in CyrusOne by 1.9% in the 2nd quarter. Retirement Systems of Alabama now owns 339,686 shares of the real estate investment trust’s stock worth $19,607,000 after buying an additional 6,261 shares in the last quarter. Winfield Associates Inc. increased its holdings in CyrusOne by 3.2% in the 2nd quarter. Winfield Associates Inc. now owns 32,518 shares of the real estate investment trust’s stock worth $1,877,000 after buying an additional 1,020 shares in the last quarter. Finally, South Texas Money Management Ltd. increased its holdings in CyrusOne by 18.1% in the 2nd quarter. South Texas Money Management Ltd. now owns 535,084 shares of the real estate investment trust’s stock worth $30,885,000 after buying an additional 81,923 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.
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 212 Fortune 1000 companies.
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