Several other research analysts also recently commented on the stock. Jefferies Financial Group lifted their price target on shares of CyrusOne from $73.00 to $76.00 and gave the stock a buy rating in a research note on Tuesday, August 28th. Berenberg Bank initiated coverage on shares of CyrusOne in a research note on Thursday, September 20th. They set a hold rating and a $64.00 price target on the stock. Stifel Nicolaus set a $72.00 price target on shares of CyrusOne and gave the stock a buy rating in a research note on Friday, August 3rd. BidaskClub downgraded shares of CyrusOne from a buy rating to a hold rating in a research note on Thursday, August 2nd. Finally, ValuEngine raised shares of CyrusOne from a hold rating to a buy rating in a research note on Friday, September 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $69.53.
Shares of CONE stock traded up $0.47 during trading hours on Thursday, hitting $62.29. 36,110 shares of the company’s stock were exchanged, compared to its average volume of 1,755,423. The company has a market capitalization of $6.55 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.15 and a beta of 0.84. CyrusOne has a 12-month low of $43.49 and a 12-month high of $69.01. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.00 and a current ratio of 1.00.
The company also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.95%. The ex-dividend date was Thursday, September 27th. CyrusOne’s dividend payout ratio is 58.97%.
In related news, insider Venkatesh S. Durvasula sold 5,000 shares of CyrusOne stock in a transaction on Monday, August 6th. The shares were sold at an average price of $64.96, for a total value of $324,800.00. Following the sale, the insider now owns 227,712 shares in the company, valued at $14,792,171.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gary J. Wojtaszek sold 10,000 shares of CyrusOne stock in a transaction on Friday, August 17th. The shares were sold at an average price of $66.50, for a total transaction of $665,000.00. Following the completion of the sale, the insider now owns 519,936 shares in the company, valued at approximately $34,575,744. The disclosure for this sale can be found here. Insiders sold 24,169 shares of company stock worth $1,602,197 in the last 90 days. Company insiders own 1.64% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp bought a new stake in CyrusOne in the second quarter valued at $1,162,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in CyrusOne in the second quarter valued at $1,561,000. MetLife Investment Advisors LLC boosted its holdings in CyrusOne by 3.8% in the second quarter. MetLife Investment Advisors LLC now owns 62,293 shares of the real estate investment trust’s stock valued at $3,635,000 after acquiring an additional 2,305 shares in the last quarter. First Republic Investment Management Inc. boosted its holdings in CyrusOne by 124.1% in the second quarter. First Republic Investment Management Inc. now owns 49,803 shares of the real estate investment trust’s stock valued at $2,907,000 after acquiring an additional 27,581 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in CyrusOne in the second quarter valued at $2,486,000. Institutional investors and hedge funds own 91.78% of the company’s stock.
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 200 Fortune 1000 companies.
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