CyrusOne Inc (NASDAQ:CONE) has received a consensus recommendation of “Buy” from the fifteen brokerages that are presently covering the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $54.55.
A number of brokerages recently issued reports on CONE. Royal Bank of Canada reiterated a “buy” rating and issued a $59.00 target price on shares of CyrusOne in a report on Wednesday, March 1st. Jefferies Group LLC restated a “buy” rating and set a $55.00 price objective on shares of CyrusOne in a research note on Monday, February 27th. TheStreet upgraded CyrusOne from a “c” rating to a “b-” rating in a research note on Thursday, February 23rd. Stifel Nicolaus raised their price objective on CyrusOne from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, February 24th. Finally, Citigroup Inc cut CyrusOne from a “neutral” rating to a “sell” rating and set a $43.00 price objective on the stock. in a research note on Wednesday, January 25th.
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CyrusOne (NASDAQ:CONE) opened at 50.83 on Thursday. The company has a 50 day moving average of $48.80 and a 200 day moving average of $46.86. The firm has a market capitalization of $4.18 billion, a P/E ratio of 211.79 and a beta of 0.82. CyrusOne has a 1-year low of $38.80 and a 1-year high of $57.00.
CyrusOne (NASDAQ:CONE) last issued its earnings results on Wednesday, February 22nd. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business earned $0.61 EPS. CyrusOne’s quarterly revenue was up 21.3% compared to the same quarter last year. On average, equities research analysts anticipate that CyrusOne will post $0.32 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, March 29th. This is a boost from CyrusOne’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 3.31%. CyrusOne’s dividend payout ratio (DPR) is 723.84%.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 10,000 shares of the firm’s stock in a transaction on 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 directly owns 239,342 shares in the company, valued at approximately $12,132,245.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in CyrusOne during the fourth quarter worth approximately $191,934,000. Numeric Investors LLC acquired a new stake in CyrusOne during the fourth quarter worth approximately $255,000. Westwood Holdings Group Inc. boosted its stake in CyrusOne by 41.8% in the fourth quarter. Westwood Holdings Group Inc. now owns 206,116 shares of the company’s stock worth $9,220,000 after buying an additional 60,752 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in CyrusOne by 68.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 100,836 shares of the company’s stock worth $4,511,000 after buying an additional 40,830 shares during the last quarter. Finally, United Capital Financial Advisers LLC acquired a new stake in CyrusOne during the fourth quarter worth approximately $2,243,000. 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 the CyrusOne footprint and beyond.
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