Stifel Nicolaus reaffirmed their buy rating on shares of CyrusOne Inc (NASDAQ:CONE) in a report released on Thursday. They currently have a $66.00 price objective on the real estate investment trust’s stock.
A number of other research analysts have also recently issued reports on the company. Credit Suisse Group started coverage on CyrusOne in a research note on Friday, June 30th. They set an outperform rating and a $73.00 price objective on the stock. Morgan Stanley reaffirmed an overweight rating and set a $58.00 price objective (up from $56.00) on shares of CyrusOne in a research note on Wednesday, May 17th. Cowen and Company raised their price objective on CyrusOne from $65.00 to $72.00 and gave the company an outperform rating in a research note on Friday, June 23rd. Jefferies Group LLC reaffirmed a buy rating and set a $63.00 price objective on shares of CyrusOne in a research note on Tuesday, July 25th. Finally, Macquarie reaffirmed an outperform rating and set a $58.00 price objective on shares of CyrusOne in a research note on Tuesday, July 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average price target of $61.08.
Shares of CyrusOne (NASDAQ:CONE) opened at 61.79 on Thursday. The company’s 50-day moving average price is $60.96 and its 200-day moving average price is $56.05. CyrusOne has a 12 month low of $38.80 and a 12 month high of $65.73. The company’s market cap is $5.44 billion.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.03. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The firm had revenue of $166.90 million for the quarter, compared to analysts’ expectations of $165.71 million. During the same period last year, the firm earned $0.67 earnings per share. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. Analysts anticipate that CyrusOne will post ($0.21) EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.72%. CyrusOne’s dividend payout ratio is currently -541.92%.
In other news, EVP Robert M. Jackson sold 1,890 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $59.00, for a total transaction of $111,510.00. Following the completion of the sale, the executive vice president now directly owns 24,296 shares in the company, valued at $1,433,464. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.64% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Perigon Wealth Management LLC boosted its holdings in shares of CyrusOne by 44.8% during the second quarter. Perigon Wealth Management LLC now owns 4,525 shares of the real estate investment trust’s stock worth $254,000 after purchasing an additional 1,400 shares during the period. Intl Fcstone Inc. purchased a new stake in shares of CyrusOne during the second quarter worth about $1,108,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of CyrusOne during the second quarter worth about $424,000. Public Employees Retirement System of Ohio boosted its holdings in shares of CyrusOne by 7.6% during the second quarter. Public Employees Retirement System of Ohio now owns 36,810 shares of the real estate investment trust’s stock worth $2,052,000 after purchasing an additional 2,590 shares during the period. Finally, Wealthsource Partners LLC boosted its holdings in shares of CyrusOne by 7.0% during the second quarter. Wealthsource Partners LLC now owns 11,823 shares of the real estate investment trust’s stock worth $659,000 after purchasing an additional 775 shares during the period. Institutional investors own 96.73% of the company’s stock.
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.
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