BidaskClub downgraded shares of CyrusOne (NASDAQ:CONE) from a strong-buy rating to a buy rating in a research note published on Thursday morning, BidAskClub reports.

Several other research firms have also recently commented on CONE. Bank of America set a $80.00 target price on shares of CyrusOne and gave the stock a buy rating in a research note on Friday, August 16th. ValuEngine raised shares of CyrusOne from a hold rating to a buy rating in a research note on Friday, August 30th. Zacks Investment Research raised shares of CyrusOne from a hold rating to a buy rating and set a $81.00 target price for the company in a research note on Wednesday. UBS Group cut shares of CyrusOne from a buy rating to a neutral rating and lowered their target price for the stock from $64.00 to $62.00 in a research note on Thursday, June 13th. Finally, Deutsche Bank raised shares of CyrusOne from a hold rating to a buy rating and set a $63.39 target price for the company in a research note on Friday, May 17th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $67.11.

Shares of CONE traded down $0.52 during mid-day trading on Thursday, reaching $73.65. 665,690 shares of the company’s stock were exchanged, compared to its average volume of 1,017,071. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.16. The company has a 50-day simple moving average of $67.00 and a two-hundred day simple moving average of $59.52. CyrusOne has a 52-week low of $48.94 and a 52-week high of $75.48. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 1.36 and a beta of 0.55.

CyrusOne (NASDAQ:CONE) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.09. The firm had revenue of $251.50 million during the quarter, compared to analysts’ expectations of $238.01 million. CyrusOne had a negative net margin of 7.44% and a negative return on equity of 2.45%. CyrusOne’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 EPS. As a group, equities research analysts predict that CyrusOne will post 3.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, September 26th. This is a boost from CyrusOne’s previous quarterly dividend of $0.46. This represents a $2.00 annualized dividend and a dividend yield of 2.72%. CyrusOne’s payout ratio is currently 55.59%.

Several hedge funds and other institutional investors have recently made changes to their positions in CONE. Cullen Frost Bankers Inc. lifted its holdings in shares of CyrusOne by 190.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 538 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 353 shares in the last quarter. Tortoise Index Solutions LLC acquired a new position in shares of CyrusOne during the 1st quarter valued at $40,000. Nvwm LLC lifted its holdings in shares of CyrusOne by 69.6% during 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 in the last quarter. Icon Wealth Partners LLC acquired a new position in shares of CyrusOne during the 1st quarter valued at $60,000. Finally, Pearl River Capital LLC acquired a new position in shares of CyrusOne during the 2nd quarter valued at $94,000.

About CyrusOne

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.

Featured Story: What are the benefits of a portfolio tracker?

Analyst Recommendations for CyrusOne (NASDAQ:CONE)

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