Mitsubishi UFJ Financial Group upgraded shares of CyrusOne Inc (NASDAQ:CONE) from a neutral rating to an overweight rating in a report released on Tuesday.

A number of other equities analysts have also recently commented on the company. UBS Group AG (USA) raised CyrusOne from a neutral rating to an overweight rating in a research note on Thursday. Cowen and Company reaffirmed a buy rating and issued a $78.00 price target on shares of CyrusOne in a research note on Wednesday. Jefferies Group LLC reaffirmed a buy rating and issued a $69.00 price target on shares of CyrusOne in a research note on Monday, October 16th. William Blair began coverage on CyrusOne in a research note on Friday, September 22nd. They issued an outperform rating on the stock. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $66.00 price target on shares of CyrusOne in a research note on Thursday, September 14th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $62.14.

CyrusOne (CONE) opened at $62.00 on Tuesday. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 1.01 and a beta of 0.81. CyrusOne has a fifty-two week low of $38.80 and a fifty-two week high of $65.73. The company has a current ratio of 0.48, a quick ratio of 0.49 and a debt-to-equity ratio of 1.56.

CyrusOne (NASDAQ:CONE) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($1.37). The company had revenue of $175.30 million during the quarter, compared to analysts’ expectations of $177.62 million. CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. CyrusOne’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period last year, the firm earned $0.67 earnings per share. sell-side analysts predict that CyrusOne will post 3.09 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This article was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://www.watchlistnews.com/cyrusone-inc-cone-upgraded-to-overweight-by-mitsubishi-ufj-financial-group/1676967.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a $0.42 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.71%. CyrusOne’s dividend payout ratio is currently -171.43%.

In other news, EVP Robert M. Jackson sold 1,890 shares of CyrusOne stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $59.00, for a total value of $111,510.00. Following the sale, the executive vice president now directly owns 24,296 shares in the company, valued at approximately $1,433,464. The sale was disclosed in a filing with the SEC, which is available through this link. 1.64% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of CONE. Prudential Financial Inc. boosted its position in shares of CyrusOne by 702.7% during the first quarter. Prudential Financial Inc. now owns 46,386 shares of the real estate investment trust’s stock valued at $2,387,000 after purchasing an additional 40,607 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of CyrusOne by 3.8% during the first quarter. Alliancebernstein L.P. now owns 67,319 shares of the real estate investment trust’s stock valued at $3,465,000 after purchasing an additional 2,494 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of CyrusOne by 20.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 388 shares in the last quarter. Legal & General Group Plc boosted its position in shares of CyrusOne by 405.0% during the first quarter. Legal & General Group Plc now owns 46,875 shares of the real estate investment trust’s stock valued at $2,412,000 after purchasing an additional 37,592 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of CyrusOne by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,020,756 shares of the real estate investment trust’s stock valued at $52,537,000 after purchasing an additional 53,721 shares in the last quarter. Hedge funds and other institutional investors own 97.17% 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.

Analyst Recommendations for CyrusOne (NASDAQ:CONE)

Receive News & Ratings for CyrusOne Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.