CyrusOne Inc (NASDAQ:CONE) Receives “Buy” Rating from Stifel Nicolaus
CyrusOne Inc (NASDAQ:CONE)‘s stock had its “buy” rating reissued by analysts at Stifel Nicolaus in a report issued on Wednesday.
A number of other equities analysts have also recently commented on CONE. Macquarie reaffirmed an “outperform” rating and issued a $58.00 target price on shares of CyrusOne in a report on Tuesday, July 4th. Zacks Investment Research raised shares of CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Tuesday, July 11th. BidaskClub cut shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Cowen and Company lifted their target price on shares of CyrusOne from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, June 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $63.00 target price (up from $59.00) on shares of CyrusOne in a report on Monday, May 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $59.00.
CyrusOne (CONE) traded up 1.02% on Wednesday, hitting $57.71. 97,111 shares of the company traded hands. CyrusOne has a 12 month low of $38.80 and a 12 month high of $59.35.
CyrusOne (NASDAQ:CONE) last announced its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The business had revenue of $149.30 million for the quarter, compared to analysts’ expectations of $150.63 million. CyrusOne had a negative net margin of 2.87% and a positive return on equity of 2.27%. On average, analysts expect that CyrusOne will post ($0.10) earnings per share for the current year.
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In related news, insider Gary J. Wojtaszek sold 80,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $57.79, for a total value of $4,623,200.00. Following the completion of the transaction, the insider now owns 511,621 shares of the company’s stock, valued at approximately $29,566,577.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin L. Timmons sold 8,600 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $57.89, for a total transaction of $497,854.00. Following the completion of the transaction, the insider now directly owns 170,137 shares of the company’s stock, valued at approximately $9,849,230.93. The disclosure for this sale can be found here. Insiders sold a total of 126,894 shares of company stock worth $7,342,489 over the last quarter. Insiders own 1.64% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jennison Associates increased its position in shares of CyrusOne by 39.2% in the third quarter. Jennison Associates now owns 3,303,975 shares of the real estate investment trust’s stock valued at $107,908,000 after buying an additional 930,654 shares during the last quarter. KBC Group increased its position in shares of CyrusOne by 161.4% in the third quarter. KBC Group now owns 93,416 shares of the real estate investment trust’s stock valued at $3,051,000 after buying an additional 57,686 shares during the last quarter. Assetmark purchased a new position in shares of CyrusOne during the third quarter valued at $0. Fisher Asset Management increased its position in shares of CyrusOne by 34.7% in the fourth quarter. Fisher Asset Management now owns 69,343 shares of the real estate investment trust’s stock valued at $2,597,000 after buying an additional 17,867 shares during the last quarter. Finally, Shinko Asset Management Co. Ltd. increased its position in shares of CyrusOne by 31.8% in the fourth quarter. Shinko Asset Management Co. Ltd. now owns 73,143 shares of the real estate investment trust’s stock valued at $2,739,000 after buying an additional 17,667 shares during the last quarter. 98.80% of the stock is owned by hedge funds and other institutional investors.
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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