Shares of CyrusOne Inc (NASDAQ:CONE) have earned an average recommendation of “Buy” from the fifteen research firms that are presently covering the firm. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $54.55.
A number of analysts have weighed in on CONE shares. Citigroup Inc cut CyrusOne from a “neutral” rating to a “sell” rating and set a $43.00 price target on the stock. in a research note on Wednesday, January 25th. Royal Bank of Canada restated a “buy” rating and issued a $59.00 price target on shares of CyrusOne in a research note on Wednesday, March 1st. Guggenheim started coverage on CyrusOne in a research note on Thursday, December 1st. They issued a “buy” rating and a $50.00 price target on the stock. Jefferies Group LLC set a $55.00 price target on CyrusOne and gave the company a “buy” rating in a research note on Friday, November 25th. Finally, Stifel Nicolaus raised their price target on CyrusOne from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, February 24th.
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Shares of CyrusOne (NASDAQ:CONE) opened at 50.83 on Thursday. CyrusOne has a 52 week low of $38.80 and a 52 week high of $57.00. The company’s 50 day moving average price is $48.80 and its 200-day moving average price is $46.86. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 211.79 and a beta of 0.82.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings results on Wednesday, February 22nd. The company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.05. CyrusOne had a return on equity of 1.78% and a net margin of 3.58%. The company had revenue of $137.40 million for the quarter, compared to analysts’ expectations of $136.28 million. During the same period last year, the firm earned $0.61 earnings per share. CyrusOne’s quarterly revenue was up 21.3% on a year-over-year basis. Analysts anticipate that CyrusOne will post $0.32 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.42 per share. This is a positive change from CyrusOne’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, March 29th. This represents a $1.68 annualized dividend and a dividend yield of 3.31%. CyrusOne’s dividend payout ratio (DPR) is presently 723.84%.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $50.69, for a total transaction of $506,900.00. Following the transaction, the insider now owns 239,342 shares of the company’s stock, valued at $12,132,245.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.20% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Westpac Banking Corp increased its position in shares of CyrusOne by 94.7% in the third quarter. Westpac Banking Corp now owns 191,452 shares of the company’s stock worth $9,107,000 after buying an additional 93,108 shares during the last quarter. Norges Bank purchased a new position in shares of CyrusOne during the fourth quarter worth $191,934,000. Ameriprise Financial Inc. increased its position in shares of CyrusOne by 32.9% in the third quarter. Ameriprise Financial Inc. now owns 1,095,364 shares of the company’s stock worth $52,096,000 after buying an additional 270,859 shares during the last quarter. Zimmer Partners LP purchased a new position in shares of CyrusOne during the fourth quarter worth $4,249,000. Finally, Daiwa Securities Group Inc. increased its position in shares of CyrusOne by 7.7% in the third quarter. Daiwa Securities Group Inc. now owns 2,800 shares of the company’s stock worth $133,000 after buying an additional 200 shares during the last quarter. 96.42% of the stock is currently owned by institutional investors.
CyrusOne Company Profile
CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within the CyrusOne footprint and beyond.
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