CyrusOne Inc (NASDAQ:CONE) had its price target increased by Royal Bank of Canada from $59.00 to $63.00 in a report published on Monday, May 15th, StockTargetPrices.com reports. Royal Bank of Canada currently has an outperform rating on the real estate investment trust’s stock.
A number of other equities analysts have also commented on CONE. Citigroup Inc. lowered shares of CyrusOne from a neutral rating to a sell rating and set a $43.00 price target on the stock. in a research report on Wednesday, January 25th. Stifel Nicolaus upped their target price on shares of CyrusOne from $54.00 to $56.00 and gave the stock a buy rating in a research report on Friday, February 24th. TheStreet upgraded shares of CyrusOne from a c rating to a b- rating in a research report on Thursday, February 23rd. Jefferies Group LLC reiterated a buy rating and set a $55.00 target price on shares of CyrusOne in a research report on Monday, February 27th. Finally, Macquarie reiterated an outperform rating and set a $58.00 target price on shares of CyrusOne in a research report on Thursday, April 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $56.69.
Shares of CyrusOne (CONE) traded up 0.59% during midday trading on Monday, hitting $57.93. 991,097 shares of the company’s stock traded hands. The company has a 50 day moving average price of $55.92 and a 200 day moving average price of $50.47. CyrusOne has a 1-year low of $38.80 and a 1-year high of $59.35. The firm’s market capitalization is $4.87 billion.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. The firm had revenue of $149.30 million for the quarter, compared to analyst estimates of $150.63 million. CyrusOne had a negative net margin of 2.87% and a positive return on equity of 2.27%. Equities analysts anticipate that CyrusOne will post ($0.02) earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Wednesday, June 28th. CyrusOne’s dividend payout ratio (DPR) is -884.16%.
In related news, insider Venkatesh S. Durvasula sold 11,779 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $50.90, for a total transaction of $599,551.10. Following the completion of the sale, the insider now directly owns 227,563 shares of the company’s stock, valued at $11,582,956.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gary J. Wojtaszek sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $57.79, for a total transaction of $4,623,200.00. Following the sale, the insider now directly owns 511,621 shares of the company’s stock, valued at $29,566,577.59. The disclosure for this sale can be found here. Over the last three months, insiders have sold 138,673 shares of company stock valued at $7,942,040. 1.64% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of CONE. PNC Financial Services Group Inc. increased its stake in shares of CyrusOne by 20.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 388 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of CyrusOne during the fourth quarter valued at approximately $125,000. Kemper Corp Master Retirement Trust increased its stake in shares of CyrusOne by 42.2% in the third quarter. Kemper Corp Master Retirement Trust now owns 2,950 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 875 shares during the last quarter. Perigon Wealth Management LLC increased its stake in shares of CyrusOne by 941.7% in the first quarter. Perigon Wealth Management LLC now owns 3,125 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 2,825 shares during the last quarter. Finally, Comerica Bank purchased a new stake in shares of CyrusOne during the fourth quarter valued at approximately $203,000. 98.75% of the stock is owned by hedge funds and other institutional investors.
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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