CyrusOne Inc (NASDAQ:CONE) insider Venkatesh S. Durvasula sold 11,779 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $50.90, for a total transaction of $599,551.10. Following the transaction, the insider now directly owns 227,563 shares of the company’s stock, valued at approximately $11,582,956.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of CyrusOne Inc (NASDAQ:CONE) traded down 0.88% during trading on Friday, hitting $54.09. The stock had a trading volume of 244,809 shares. CyrusOne Inc has a 1-year low of $38.80 and a 1-year high of $57.00. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 225.38 and a beta of 0.82. The firm has a 50 day moving average of $51.04 and a 200 day moving average of $47.25.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings data on Wednesday, February 22nd. The real estate investment trust reported $0.68 EPS for the quarter, topping the consensus estimate of $0.63 by $0.05. The firm earned $137.40 million during the quarter, compared to the consensus estimate of $136.28 million. CyrusOne had a return on equity of 1.78% and a net margin of 3.58%. The company’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 earnings per share. Analysts expect that CyrusOne Inc will post $0.34 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. This is an increase from CyrusOne’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a dividend yield of 3.08%. CyrusOne’s dividend payout ratio is 723.84%.
ILLEGAL ACTIVITY WARNING: This article was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://www.chaffeybreeze.com/2017/04/21/venkatesh-s-durvasula-sells-11779-shares-of-cyrusone-inc-cone-stock-updated.html.
Several research firms recently weighed in on CONE. Royal Bank of Canada reaffirmed a “buy” rating and issued a $59.00 price objective on shares of CyrusOne in a report on Wednesday, March 1st. Zacks Investment Research raised shares of CyrusOne from a “strong sell” rating to a “hold” rating in a report on Friday, January 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 price target on shares of CyrusOne in a research report on Monday, February 27th. TheStreet upgraded shares of CyrusOne from a “c” rating to a “b-” rating in a research report on Thursday, February 23rd. Finally, Stifel Nicolaus boosted their price target on shares of CyrusOne from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, February 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $56.09.
Several hedge funds have recently modified their holdings of CONE. Public Employees Retirement Association of Colorado increased its stake in shares of CyrusOne by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 2,277 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 8 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of CyrusOne during the fourth quarter valued at approximately $125,000. Daiwa Securities Group Inc. increased its stake in shares of CyrusOne by 7.7% in the third quarter. Daiwa Securities Group Inc. now owns 2,800 shares of the real estate investment trust’s stock valued at $133,000 after buying an additional 200 shares during the period. Kemper Corp Master Retirement Trust increased its stake in shares of CyrusOne by 42.2% in the third quarter. Kemper Corp Master Retirement Trust now owns 2,950 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 875 shares during the period. Finally, Bronfman E.L. Rothschild L.P. increased its stake in shares of CyrusOne by 0.6% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 3,495 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 20 shares during the period. 96.42% of the stock is owned by hedge funds and other 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 its footprint and beyond.
Receive News & Ratings for CyrusOne Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne Inc and related companies with MarketBeat.com's FREE daily email newsletter.