CyrusOne Inc (NASDAQ:CONE) has been assigned an average recommendation of “Hold” from the twenty brokerages that are currently covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $71.80.
A number of brokerages recently commented on CONE. ValuEngine upgraded shares of CyrusOne from a “sell” rating to a “hold” rating in a research note on Saturday, December 7th. UBS Group upped their price target on shares of CyrusOne from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Zacks Investment Research cut shares of CyrusOne from a “buy” rating to a “hold” rating in a research note on Wednesday. Cowen cut shares of CyrusOne from an “outperform” rating to a “market perform” rating in a research note on Friday, October 4th. Finally, Guggenheim set a $81.00 price target on shares of CyrusOne and gave the company a “buy” rating in a research note on Tuesday, September 24th.
In other CyrusOne news, EVP Kevin L. Timmons sold 24,000 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $70.53, for a total value of $1,692,720.00. Following the sale, the executive vice president now directly owns 101,583 shares in the company, valued at approximately $7,164,648.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary J. Wojtaszek sold 100,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $67.00, for a total transaction of $6,700,000.00. Following the completion of the sale, the chief executive officer now owns 167,351 shares in the company, valued at $11,212,517. The disclosure for this sale can be found here. Insiders sold a total of 143,539 shares of company stock worth $9,667,068 over the last quarter. Corporate insiders own 1.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Prime Capital Investment Advisors LLC purchased a new stake in CyrusOne in the 3rd quarter worth approximately $29,000. FNY Investment Advisers LLC purchased a new stake in CyrusOne in the 4th quarter worth approximately $32,000. Meeder Asset Management Inc. lifted its stake in CyrusOne by 4,750.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 582 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 570 shares in the last quarter. Howe & Rusling Inc. lifted its stake in CyrusOne by 36.4% in the 3rd quarter. Howe & Rusling Inc. now owns 750 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 200 shares in the last quarter. Finally, Strategic Blueprint LLC purchased a new stake in CyrusOne in the 3rd quarter worth approximately $86,000.
Shares of CyrusOne stock traded down $0.47 on Friday, reaching $63.49. 524,113 shares of the company traded hands, compared to its average volume of 1,107,826. CyrusOne has a 52 week low of $48.94 and a 52 week high of $79.73. The company has a 50 day moving average of $64.06 and a 200 day moving average of $67.34. The firm has a market capitalization of $6.98 billion, a PE ratio of 19.18, a PEG ratio of 1.04 and a beta of 0.44. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.26 and a quick ratio of 1.26.
CyrusOne (NASDAQ:CONE) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.75). CyrusOne had a negative net margin of 1.30% and a negative return on equity of 0.08%. The company had revenue of $250.90 million for the quarter, compared to the consensus estimate of $247.81 million. During the same period in the prior year, the company earned $0.79 earnings per share. The firm’s revenue was up 21.4% on a year-over-year basis. As a group, analysts anticipate that CyrusOne will post 3.57 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Tuesday, December 31st. CyrusOne’s dividend payout ratio is presently 60.42%.
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 approximately 1,000 customers, including 212 Fortune 1000 companies.
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