Somewhat Positive Press Coverage Somewhat Unlikely to Impact CyrusOne (CONE) Stock Price

News coverage about CyrusOne (NASDAQ:CONE) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CyrusOne earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.345202869113 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

CONE has been the subject of a number of recent analyst reports. BidaskClub lowered shares of CyrusOne from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 20th. Barclays restated a “buy” rating and set a $69.00 price target on shares of CyrusOne in a research report on Friday, January 19th. Royal Bank of Canada restated a “buy” rating on shares of CyrusOne in a research report on Thursday, March 1st. Guggenheim set a $65.00 price target on shares of CyrusOne and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Moffett Nathanson initiated coverage on shares of CyrusOne in a research report on Monday, April 9th. They set a “hold” rating and a $58.00 price target for the company. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. CyrusOne currently has a consensus rating of “Buy” and an average price target of $67.25.

CyrusOne opened at $52.03 on Friday, according to Marketbeat Ratings. CyrusOne has a 52-week low of $53.04 and a 52-week high of $53.47. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.17. The firm has a market cap of $5.29 billion, a PE ratio of 16.68, a P/E/G ratio of 0.96 and a beta of 0.76.

CyrusOne (NASDAQ:CONE) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.78). CyrusOne had a negative return on equity of 0.60% and a negative net margin of 1.33%. The company had revenue of $180.50 million for the quarter, compared to the consensus estimate of $182.48 million. equities analysts expect that CyrusOne will post 3.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, June 28th. CyrusOne’s dividend payout ratio is currently 58.97%.

In other news, insider Kevin L. Timmons sold 11,465 shares of CyrusOne stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $49.39, for a total transaction of $566,256.35. Following the completion of the sale, the insider now directly owns 177,843 shares of the company’s stock, valued at approximately $8,783,665.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.64% of the company’s stock.

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 nearly 1,000 customers, including 197 Fortune 1000 companies.

Insider Buying and Selling by Quarter for CyrusOne (NASDAQ:CONE)

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