CyrusOne (NASDAQ:CONE) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.
Other equities research analysts have also recently issued research reports about the stock. UBS raised shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Thursday, November 2nd. Cowen reissued a “buy” rating and set a $68.00 price target on shares of CyrusOne in a research report on Thursday, September 21st. ValuEngine cut shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Mitsubishi UFJ Financial Group raised shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 31st. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $69.00 target price on shares of CyrusOne in a research report on Monday, October 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $64.15.
Shares of CyrusOne (NASDAQ CONE) opened at $57.41 on Thursday. The firm has a market cap of $5,419.19, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.06 and a beta of 0.79. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.56. CyrusOne has a 12-month low of $43.90 and a 12-month high of $65.73.
In other news, insider Venkatesh S. Durvasula sold 13,500 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total value of $812,700.00. Following the completion of the sale, the insider now directly owns 214,063 shares of the company’s stock, valued at approximately $12,886,592.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.64% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. IFP Advisors Inc increased its stake in shares of CyrusOne by 232.6% in the 3rd quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 1,198 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of CyrusOne by 3,032.8% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 1,850 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in shares of CyrusOne in the 2nd quarter worth about $124,000. Public Employees Retirement Association of Colorado increased its stake in shares of CyrusOne by 21.6% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock worth $152,000 after acquiring an additional 484 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of CyrusOne by 32.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock worth $169,000 after acquiring an additional 751 shares in the last quarter. Institutional investors own 96.67% of the company’s stock.
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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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