CyrusOne Inc (CONE) Upgraded to “Overweight” by Mitsubishi UFJ Financial Group
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.
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.
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