CyrusOne Inc (NASDAQ:CONE) has been given a consensus recommendation of “Hold” by the sixteen brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $60.72.
A number of research firms recently weighed in on CONE. Zacks Investment Research downgraded CyrusOne from a “hold” rating to a “strong sell” rating in a research report on Monday, February 11th. BidaskClub downgraded CyrusOne from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Bank of America downgraded CyrusOne from a “buy” rating to a “neutral” rating and set a $52.88 price objective on the stock. in a report on Wednesday, January 2nd. BMO Capital Markets decreased their price objective on CyrusOne to $60.00 and set an “outperform” rating on the stock in a report on Friday, February 22nd. Finally, Stifel Nicolaus set a $62.00 price objective on CyrusOne and gave the company a “buy” rating in a report on Friday, February 22nd.
In other CyrusOne news, EVP Kevin L. Timmons sold 19,600 shares of CyrusOne stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $51.14, for a total transaction of $1,002,344.00. Following the completion of the sale, the executive vice president now owns 152,965 shares of the company’s stock, valued at approximately $7,822,630.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary J. Wojtaszek bought 4,000 shares of the stock in a transaction on Wednesday, February 27th. The shares were acquired at an average cost of $49.86 per share, with a total value of $199,440.00. Following the acquisition, the chief executive officer now directly owns 396,534 shares in the company, valued at approximately $19,771,185.24. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CONE. Cohen & Steers Inc. grew its holdings in shares of CyrusOne by 52.5% in the 3rd quarter. Cohen & Steers Inc. now owns 11,176,542 shares of the real estate investment trust’s stock valued at $708,593,000 after buying an additional 3,846,356 shares during the period. BlackRock Inc. grew its holdings in shares of CyrusOne by 33.3% in the 3rd quarter. BlackRock Inc. now owns 12,386,690 shares of the real estate investment trust’s stock valued at $785,315,000 after buying an additional 3,097,539 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of CyrusOne by 5,517.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,191,559 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 2,152,545 shares during the period. Vanguard Group Inc grew its holdings in shares of CyrusOne by 8.8% in the 3rd quarter. Vanguard Group Inc now owns 15,035,960 shares of the real estate investment trust’s stock valued at $953,281,000 after buying an additional 1,213,820 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of CyrusOne by 49.2% in the 4th quarter. Principal Financial Group Inc. now owns 3,319,179 shares of the real estate investment trust’s stock valued at $175,518,000 after buying an additional 1,094,406 shares during the period. 98.04% of the stock is owned by hedge funds and other institutional investors.
CONE stock traded up $0.58 during trading on Friday, reaching $52.60. 35,119 shares of the stock were exchanged, compared to its average volume of 1,353,882. CyrusOne has a twelve month low of $48.61 and a twelve month high of $69.01. The company has a market cap of $5.60 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.15 and a beta of 0.86. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.25.
CyrusOne (NASDAQ:CONE) last released its earnings results on Wednesday, February 20th. The real estate investment trust reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. CyrusOne had a return on equity of 0.06% and a net margin of 0.15%. The business had revenue of $221.30 million for the quarter, compared to the consensus estimate of $223.80 million. During the same period last year, the business earned $0.84 earnings per share. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, equities research analysts anticipate that CyrusOne will post 3.16 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.50%. The ex-dividend date is Thursday, March 28th. CyrusOne’s dividend payout ratio (DPR) is presently 55.59%.
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 208 Fortune 1000 companies.
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