Shares of CyrusOne Inc (NASDAQ:CONE) have received a consensus recommendation of “Buy” from the fourteen analysts that are currently covering the firm. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $55.80.
A number of equities analysts have commented on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $59.00 price objective on shares of CyrusOne in a research note on Wednesday, March 1st. Zacks Investment Research raised shares of CyrusOne from a “strong sell” rating to a “hold” rating in a research note on Friday, January 6th. Jefferies Group LLC reissued a “buy” rating and issued a $55.00 price objective on shares of CyrusOne in a research note on Monday, February 27th. Macquarie reissued an “outperform” rating and issued a $58.00 price objective on shares of CyrusOne in a research note on Thursday, April 6th. Finally, TheStreet raised shares of CyrusOne from a “c” rating to a “b-” rating in a research note on Thursday, February 23rd.
Shares of CyrusOne (NASDAQ:CONE) traded down 0.74% during trading on Monday, hitting $52.42. 318,192 shares of the company traded hands. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 218.42 and a beta of 0.82. The company has a 50 day moving average price of $50.42 and a 200 day moving average price of $47.06. CyrusOne has a 52 week low of $38.80 and a 52 week high of $57.00.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings data on Wednesday, February 22nd. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. CyrusOne had a net margin of 3.58% and a return on equity of 1.78%. The business earned $137.40 million during the quarter, compared to analysts’ expectations of $136.28 million. During the same period last year, the company posted $0.61 EPS. The business’s revenue was up 21.3% on a year-over-year basis. On average, analysts expect that CyrusOne will post $0.32 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Wednesday, March 29th. This is a positive change from CyrusOne’s previous quarterly dividend of $0.38. CyrusOne’s dividend payout ratio (DPR) is 723.84%.
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In other news, insider Venkatesh S. Durvasula sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $50.69, for a total value of $506,900.00. Following the completion of the sale, the insider now owns 239,342 shares in the company, valued at approximately $12,132,245.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Venkatesh S. Durvasula sold 11,779 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $50.90, for a total transaction of $599,551.10. Following the completion of the sale, the insider now owns 227,563 shares of the company’s stock, valued at approximately $11,582,956.70. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in CyrusOne by 9.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,186 shares of the company’s stock valued at $580,000 after buying an additional 1,035 shares during the period. Strs Ohio raised its stake in shares of CyrusOne by 4.3% in the third quarter. Strs Ohio now owns 113,903 shares of the company’s stock worth $5,418,000 after buying an additional 4,693 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of CyrusOne by 5.3% in the third quarter. State of Alaska Department of Revenue now owns 30,360 shares of the company’s stock worth $1,444,000 after buying an additional 1,540 shares during the last quarter. Henderson Group PLC raised its stake in shares of CyrusOne by 4.0% in the third quarter. Henderson Group PLC now owns 174,980 shares of the company’s stock worth $8,324,000 after buying an additional 6,686 shares during the last quarter. Finally, American Assets Capital Advisers raised its stake in shares of CyrusOne by 3.2% in the third quarter. American Assets Capital Advisers now owns 153,526 shares of the company’s stock worth $7,304,000 after buying an additional 4,705 shares during the last quarter. Hedge funds and other institutional investors own 96.42% 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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