Zacks Investment Research downgraded shares of CyrusOne Inc (NASDAQ:CONE) from a buy rating to a hold rating in a research report released on Tuesday.
According to Zacks, “CyrusOne Inc. is a real estate investment trust engaged in providing enterprise data centre colocation, engineering facilities with the highest power redundancy (2N architecture) and power-density infrastructure services in the United States, Europe, and Asia. CyrusOne Inc. is headquartered in Carrollton, United States. “
Other equities research analysts also recently issued research reports about the stock. Barclays PLC raised their price objective on shares of CyrusOne from $53.00 to $57.00 and gave the stock an overweight rating in a research note on Tuesday, April 25th. Macquarie restated an outperform rating and issued a $58.00 price objective on shares of CyrusOne in a research note on Tuesday, July 4th. Cowen and Company restated a buy rating and issued a $72.00 price objective on shares of CyrusOne in a research note on Friday, July 28th. BidaskClub downgraded shares of CyrusOne from a strong-buy rating to a buy rating in a research note on Thursday, June 29th. Finally, Morgan Stanley restated an overweight rating and issued a $58.00 price objective (up previously from $56.00) on shares of CyrusOne in a research note on Wednesday, May 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. CyrusOne currently has a consensus rating of Buy and a consensus price target of $60.23.
CyrusOne (CONE) traded up 1.85% on Tuesday, reaching $58.49. 1,352,534 shares of the company’s stock were exchanged. CyrusOne has a 12 month low of $38.80 and a 12 month high of $60.55.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03. The business had revenue of $166.90 million for the quarter, compared to the consensus estimate of $165.71 million. CyrusOne had a negative net margin of 4.35% and a positive return on equity of 1.30%. CyrusOne’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the company posted $0.67 earnings per share. Analysts expect that CyrusOne will post ($0.11) EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.68 dividend on an annualized basis and a yield of 2.87%. CyrusOne’s dividend payout ratio is currently -541.92%.
In other CyrusOne news, insider Gary J. Wojtaszek sold 80,000 shares of CyrusOne stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $57.79, for a total transaction of $4,623,200.00. Following the sale, the insider now owns 511,621 shares in the company, valued at $29,566,577.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin L. Timmons sold 8,600 shares of CyrusOne stock in a transaction on Monday, June 5th. The stock was sold at an average price of $57.89, for a total transaction of $497,854.00. Following the sale, the insider now owns 170,137 shares in the company, valued at approximately $9,849,230.93. The disclosure for this sale can be found here. Insiders have sold 126,894 shares of company stock worth $7,342,489 in the last quarter. Corporate insiders own 1.64% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Global Financial Private Capital LLC acquired a new stake in CyrusOne during the second quarter worth $411,000. Dimensional Fund Advisors LP boosted its position in shares of CyrusOne by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,079,139 shares of the real estate investment trust’s stock worth $60,160,000 after buying an additional 58,383 shares during the last quarter. Virtu KCG Holdings LLC bought a new position in shares of CyrusOne during the second quarter worth about $1,215,000. Parametric Portfolio Associates LLC boosted its position in shares of CyrusOne by 3.0% in the second quarter. Parametric Portfolio Associates LLC now owns 110,956 shares of the real estate investment trust’s stock worth $6,186,000 after buying an additional 3,221 shares during the last quarter. Finally, Advisor Group Inc. boosted its position in shares of CyrusOne by 61.1% in the second quarter. Advisor Group Inc. now owns 7,091 shares of the real estate investment trust’s stock worth $393,000 after buying an additional 2,690 shares during the last quarter. Hedge funds and other institutional investors own 99.34% 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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