CONE has been the topic of several other research reports. William Blair began coverage on shares of CyrusOne in a research report on Friday, September 22nd. They set an outperform rating on the stock. BidaskClub lowered shares of CyrusOne from a hold rating to a sell rating in a research report on Saturday, January 6th. Cowen reiterated a buy rating and set a $78.00 price target on shares of CyrusOne in a research report on Wednesday, November 1st. Jefferies Group reiterated a buy rating and set a $69.00 price target on shares of CyrusOne in a research report on Monday, October 16th. Finally, UBS Group upgraded shares of CyrusOne from a neutral rating to an overweight rating in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $65.08.
CyrusOne (NASDAQ:CONE) traded up $0.32 during midday trading on Wednesday, hitting $55.42. 1,050,000 shares of the company traded hands, compared to its average volume of 981,842. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.48 and a quick ratio of 0.48. The firm has a market cap of $5,090.00, a price-to-earnings ratio of -56.55, a price-to-earnings-growth ratio of 0.88 and a beta of 0.79. CyrusOne has a twelve month low of $46.41 and a twelve month high of $65.73.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.03%. CyrusOne’s dividend payout ratio (DPR) is presently -171.43%.
In other news, insider Venkatesh S. Durvasula sold 13,500 shares of CyrusOne stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total transaction of $812,700.00. Following 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 SEC, which is available through the SEC website. 1.64% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Zevenbergen Capital Investments LLC raised its stake in CyrusOne by 1.6% during the second quarter. Zevenbergen Capital Investments LLC now owns 11,405 shares of the real estate investment trust’s stock worth $636,000 after buying an additional 175 shares during the last quarter. Investec Asset Management LTD raised its stake in CyrusOne by 1.9% during the second quarter. Investec Asset Management LTD now owns 22,717 shares of the real estate investment trust’s stock worth $1,266,000 after buying an additional 414 shares during the last quarter. Flinton Capital Management LLC raised its stake in CyrusOne by 2.1% during the second quarter. Flinton Capital Management LLC now owns 24,378 shares of the real estate investment trust’s stock worth $1,359,000 after buying an additional 510 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in CyrusOne by 32.9% during the second quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock worth $169,000 after buying an additional 751 shares during the last quarter. Finally, Wealthsource Partners LLC raised its stake in CyrusOne by 7.0% during the second quarter. Wealthsource Partners LLC now owns 11,823 shares of the real estate investment trust’s stock worth $659,000 after buying an additional 775 shares during the last quarter. 96.67% of the stock is owned by institutional investors and hedge funds.
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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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