CyrusOne Inc (NASDAQ:CONE) saw unusually large options trading activity on Monday. Stock investors acquired 2,703 put options on the stock. This represents an increase of 1,107% compared to the average volume of 224 put options.

Hedge funds have recently added to or reduced their stakes in the company. Nvwm LLC grew its position in shares of CyrusOne by 69.6% in the first quarter. Nvwm LLC now owns 916 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 376 shares during the last quarter. Forsta AP Fonden grew its position in shares of CyrusOne by 31.6% in the first quarter. Forsta AP Fonden now owns 15,400 shares of the real estate investment trust’s stock valued at $808,000 after purchasing an additional 3,700 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of CyrusOne by 76.6% in the first quarter. Public Employees Retirement Association of Colorado now owns 20,821 shares of the real estate investment trust’s stock valued at $1,092,000 after purchasing an additional 9,029 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of CyrusOne by 1.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 20,020 shares of the real estate investment trust’s stock valued at $1,156,000 after purchasing an additional 220 shares during the last quarter. Finally, Spirit of America Management Corp NY grew its position in shares of CyrusOne by 3.5% in the second quarter. Spirit of America Management Corp NY now owns 51,050 shares of the real estate investment trust’s stock valued at $2,947,000 after purchasing an additional 1,750 shares during the last quarter. Institutional investors and hedge funds own 99.90% of the company’s stock.

CONE has been the topic of several recent analyst reports. Stifel Nicolaus restated a “buy” rating on shares of CyrusOne in a research report on Friday, August 16th. Royal Bank of Canada upped their target price on shares of CyrusOne to $68.00 and gave the stock a “positive” rating in a research report on Wednesday, May 8th. Deutsche Bank upgraded shares of CyrusOne from a “hold” rating to a “buy” rating and set a $63.39 target price on the stock in a research report on Friday, May 17th. Bank of America set a $80.00 target price on shares of CyrusOne and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, ValuEngine lowered shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $66.34.

Shares of CONE opened at $69.35 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.16. The firm’s 50-day moving average is $61.26 and its two-hundred day moving average is $57.65. CyrusOne has a twelve month low of $48.94 and a twelve month high of $75.48. The firm has a market capitalization of $7.92 billion, a P/E ratio of 20.95, a PEG ratio of 1.31 and a beta of 0.65.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.90 EPS for the quarter, beating the consensus estimate of $0.81 by $0.09. The business had revenue of $251.50 million for the quarter, compared to analyst estimates of $238.01 million. CyrusOne had a negative net margin of 7.44% and a negative return on equity of 2.45%. The company’s quarterly revenue was up 27.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 earnings per share. Analysts predict that CyrusOne will post 3.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This is a positive change from CyrusOne’s previous quarterly dividend of $0.46. This represents a $2.00 annualized dividend and a dividend yield of 2.88%. CyrusOne’s dividend payout ratio is currently 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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