Shares of CyrusOne Inc (NASDAQ:CONE) have earned a consensus rating of "Buy" from the twenty-three brokerages that are presently covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $82.59.
Several research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of CyrusOne from $76.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, July 10th. TD Securities began coverage on shares of CyrusOne in a research note on Thursday, August 6th. They set a "buy" rating and a $95.00 target price for the company. TheStreet cut shares of CyrusOne from a "b-" rating to a "c+" rating in a research note on Wednesday, September 9th. Zacks Investment Research raised shares of CyrusOne from a "sell" rating to a "hold" rating in a report on Thursday, September 10th. Finally, Raymond James reissued a "buy" rating on shares of CyrusOne in a report on Thursday, August 6th.
NASDAQ CONE opened at $77.49 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.34 and a quick ratio of 1.34. The company's 50 day simple moving average is $81.17 and its 200 day simple moving average is $71.72. CyrusOne has a 12 month low of $43.72 and a 12 month high of $86.77. The company has a market capitalization of $8.94 billion, a P/E ratio of 455.85, a PEG ratio of 0.89 and a beta of 0.46.
CyrusOne (NASDAQ:CONE) last released its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.54). CyrusOne had a return on equity of 3.32% and a net margin of 2.01%. The business had revenue of $256.40 million during the quarter, compared to the consensus estimate of $251.59 million. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts anticipate that CyrusOne will post 3.87 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.51 per share. This is a boost from CyrusOne's previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Thursday, September 24th. CyrusOne's dividend payout ratio (DPR) is currently 55.10%.
In other CyrusOne news, EVP Kevin L. Timmons sold 5,000 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $83.20, for a total transaction of $416,000.00. Following the completion of the sale, the executive vice president now owns 48,880 shares of the company's stock, valued at approximately $4,066,816. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of CONE. Principal Financial Group Inc. raised its stake in CyrusOne by 109.5% in the second quarter. Principal Financial Group Inc. now owns 5,087,198 shares of the real estate investment trust's stock valued at $370,094,000 after purchasing an additional 2,658,586 shares in the last quarter. PGGM Investments raised its stake in CyrusOne by 270.3% in the second quarter. PGGM Investments now owns 1,883,790 shares of the real estate investment trust's stock valued at $137,046,000 after purchasing an additional 1,375,091 shares in the last quarter. Brookfield Asset Management Inc. acquired a new position in CyrusOne in the second quarter valued at about $82,811,000. Resolution Capital Ltd raised its stake in CyrusOne by 135.6% in the second quarter. Resolution Capital Ltd now owns 1,432,636 shares of the real estate investment trust's stock valued at $104,224,000 after purchasing an additional 824,486 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its stake in CyrusOne by 173.4% in the first quarter. Pictet Asset Management Ltd. now owns 1,183,883 shares of the real estate investment trust's stock valued at $73,105,000 after purchasing an additional 750,883 shares in the last quarter. 98.34% of the stock is owned by institutional investors.
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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