Shares of CyrusOne Inc (NASDAQ:CONE) have been assigned a consensus recommendation of “Buy” from the seventeen analysts that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $63.62.
CONE has been the subject of several research reports. TheStreet raised shares of CyrusOne from a “c” rating to a “b-” rating in a report on Wednesday, May 1st. ValuEngine raised shares of CyrusOne from a “hold” rating to a “buy” rating in a report on Saturday, May 18th. Deutsche Bank raised shares of CyrusOne from a “hold” rating to a “buy” rating and set a $63.39 price objective for the company in a report on Friday, May 17th. BidaskClub raised shares of CyrusOne from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th. Finally, Bank of America raised shares of CyrusOne from a “neutral” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Friday, April 12th.
Large investors have recently made changes to their positions in the stock. Sageworth Trust Co bought a new position in shares of CyrusOne in the 1st quarter valued at about $26,000. Lenox Wealth Management Inc. bought a new position in shares of CyrusOne in the 1st quarter valued at about $26,000. Pearl River Capital LLC bought a new position in shares of CyrusOne in the 4th quarter valued at about $27,000. Tortoise Index Solutions LLC bought a new position in shares of CyrusOne in the 1st quarter valued at about $40,000. Finally, Nvwm LLC lifted its holdings in shares of CyrusOne by 69.6% in the 1st quarter. Nvwm LLC now owns 916 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 376 shares during the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. CyrusOne had a net margin of 5.54% and a return on equity of 2.15%. The business had revenue of $225.00 million during the quarter, compared to the consensus estimate of $231.36 million. During the same quarter in the prior year, the firm earned $0.85 EPS. The business’s revenue was up 14.4% on a year-over-year basis. Equities analysts anticipate that CyrusOne will post 3.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, June 27th. CyrusOne’s payout ratio is 55.59%.
CyrusOne Company Profile
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including 212 Fortune 1000 companies.
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