CyrusOne Target of Unusually High Options Trading (CONE)

CyrusOne Inc (NASDAQ:CONE) was the target of some unusual options trading on Friday. Investors purchased 1,540 call options on the stock. This represents an increase of approximately 2,700% compared to the average daily volume of 55 call options.

In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total transaction of $812,700.00. Following the completion of the transaction, the insider now owns 214,063 shares in the company, valued at $12,886,592.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.64% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Capstone Asset Management Co. increased its position in shares of CyrusOne by 5.7% during the second quarter. Capstone Asset Management Co. now owns 7,660 shares of the real estate investment trust’s stock worth $427,000 after purchasing an additional 410 shares in the last quarter. Aperio Group LLC increased its position in shares of CyrusOne by 18.2% during the second quarter. Aperio Group LLC now owns 59,271 shares of the real estate investment trust’s stock worth $3,304,000 after purchasing an additional 9,134 shares in the last quarter. State Treasurer State of Michigan increased its position in shares of CyrusOne by 6.6% during the second quarter. State Treasurer State of Michigan now owns 32,200 shares of the real estate investment trust’s stock worth $1,795,000 after purchasing an additional 2,000 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of CyrusOne by 6.0% during the second quarter. Russell Investments Group Ltd. now owns 521,540 shares of the real estate investment trust’s stock worth $29,031,000 after purchasing an additional 29,489 shares in the last quarter. Finally, ING Groep NV acquired a new position in shares of CyrusOne during the second quarter worth $530,000. Institutional investors own 98.47% of the company’s stock.

Shares of CyrusOne (NASDAQ:CONE) opened at $61.24 on Monday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $5,591.76, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.10 and a beta of 0.79. CyrusOne has a twelve month low of $40.81 and a twelve month high of $65.73.

CyrusOne (NASDAQ:CONE) last posted its earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($1.37). The company had revenue of $175.30 million for 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%. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. equities analysts forecast that CyrusOne will post 3.09 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a yield of 2.74%. CyrusOne’s dividend payout ratio is currently -173.19%.

A number of analysts recently issued reports on CONE shares. KeyCorp reiterated a “hold” rating on shares of CyrusOne in a report on Tuesday, September 12th. Deutsche Bank reiterated a “buy” rating and issued a $71.00 price target on shares of CyrusOne in a report on Friday, November 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 price target on shares of CyrusOne in a report on Thursday, September 14th. Jefferies Group reiterated a “buy” rating and issued a $69.00 price target on shares of CyrusOne in a report on Monday, October 16th. Finally, William Blair started coverage on CyrusOne in a report on Friday, September 22nd. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. CyrusOne has a consensus rating of “Buy” and a consensus price target of $64.15.

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About CyrusOne

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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