CyrusOne Inc (NASDAQ:CONE) has earned an average rating of “Buy” from the twenty-one analysts that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $70.14.

Several analysts recently issued reports on the company. Jefferies Financial Group upped their target price on CyrusOne from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, August 28th. BMO Capital Markets set a $74.00 target price on CyrusOne and gave the stock a “buy” rating in a report on Monday, August 27th. BidaskClub upgraded CyrusOne from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 21st. Royal Bank of Canada upped their target price on CyrusOne to $73.00 and gave the stock a “market perform” rating in a report on Tuesday, August 7th. Finally, Stifel Nicolaus set a $72.00 target price on CyrusOne and gave the stock a “buy” rating in a report on Friday, August 3rd.

In other CyrusOne news, insider Venkatesh S. Durvasula sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $64.96, for a total transaction of $324,800.00. Following the transaction, the insider now owns 227,712 shares of the company’s stock, valued at $14,792,171.52. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Robert M. Jackson sold 1,514 shares of the business’s stock in a transaction that occurred on Tuesday, July 3rd. The stock was sold at an average price of $60.00, for a total value of $90,840.00. Following the transaction, the executive vice president now directly owns 29,799 shares in the company, valued at approximately $1,787,940. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,683 shares of company stock worth $1,693,037. Company insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in CONE. Fort Washington Investment Advisors Inc. OH increased its position in CyrusOne by 45.4% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 32,200 shares of the real estate investment trust’s stock worth $1,649,000 after buying an additional 10,050 shares during the last quarter. Wells Fargo & Company MN increased its position in CyrusOne by 1.4% during the first quarter. Wells Fargo & Company MN now owns 524,931 shares of the real estate investment trust’s stock worth $26,880,000 after buying an additional 7,189 shares during the last quarter. Daiwa Securities Group Inc. increased its position in CyrusOne by 47.3% during the first quarter. Daiwa Securities Group Inc. now owns 303,622 shares of the real estate investment trust’s stock worth $15,548,000 after buying an additional 97,500 shares during the last quarter. American Assets Capital Advisers LLC increased its position in CyrusOne by 51.0% during the first quarter. American Assets Capital Advisers LLC now owns 437,680 shares of the real estate investment trust’s stock worth $22,413,000 after buying an additional 147,900 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in CyrusOne by 15.3% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,222 shares of the real estate investment trust’s stock worth $780,000 after buying an additional 2,016 shares during the last quarter. 98.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CyrusOne stock traded down $1.01 during trading on Tuesday, reaching $65.95. The stock had a trading volume of 855,400 shares, compared to its average volume of 1,066,419. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.24 and a beta of 0.82. CyrusOne has a 52 week low of $43.49 and a 52 week high of $68.25. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.00 and a quick ratio of 1.00.

CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.78. The company had revenue of $196.90 million for the quarter, compared to analyst estimates of $199.33 million. CyrusOne had a return on equity of 5.65% and a net margin of 12.96%. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 earnings per share. equities analysts expect that CyrusOne will post 3.3 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Friday, September 28th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, September 27th. CyrusOne’s dividend payout ratio (DPR) is presently 58.97%.

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 200 Fortune 1000 companies.

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Analyst Recommendations for CyrusOne (NASDAQ:CONE)

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