CyrusOne Inc (NASDAQ:CONE) has earned a consensus rating of “Buy” from the fifteen analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $60.36.

A number of research firms have recently issued reports on CONE. BidaskClub upgraded shares of CyrusOne from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Royal Bank Of Canada reiterated a “buy” rating on shares of CyrusOne in a research note on Friday, July 28th. Cowen and Company reiterated a “buy” rating and issued a $72.00 target price on shares of CyrusOne in a research note on Friday, July 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $63.00 target price on shares of CyrusOne in a research note on Tuesday, July 25th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $64.00 target price (up previously from $62.00) on shares of CyrusOne in a research note on Friday, August 11th.

In related news, CEO Gary J. Wojtaszek sold 38,294 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $58.01, for a total value of $2,221,434.94. Following the completion of the transaction, the chief executive officer now owns 511,621 shares in the company, valued at approximately $29,679,134.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kevin L. Timmons sold 8,600 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was 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 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 128,784 shares of company stock valued at $7,453,999 in the last 90 days. 1.64% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bellwether Investment Group LLC boosted its position in CyrusOne by 1.7% in the second quarter. Bellwether Investment Group LLC now owns 5,710 shares of the real estate investment trust’s stock valued at $318,000 after buying an additional 97 shares during the period. Zevenbergen Capital Investments LLC boosted its position in CyrusOne by 1.6% in the second quarter. Zevenbergen Capital Investments LLC now owns 11,405 shares of the real estate investment trust’s stock valued at $636,000 after buying an additional 175 shares during the period. Campbell Newman Asset Management Inc. boosted its position in CyrusOne by 4.8% in the second quarter. Campbell Newman Asset Management Inc. now owns 4,404 shares of the real estate investment trust’s stock valued at $246,000 after buying an additional 201 shares during the period. Teacher Retirement System of Texas boosted its position in CyrusOne by 6.3% in the second quarter. Teacher Retirement System of Texas now owns 6,297 shares of the real estate investment trust’s stock valued at $351,000 after buying an additional 372 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in 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 period. Hedge funds and other institutional investors own 93.41% of the company’s stock.

Shares of CyrusOne (NASDAQ:CONE) opened at 59.86 on Friday. CyrusOne has a 52-week low of $38.80 and a 52-week high of $61.26.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The company had revenue of $166.90 million for the quarter, compared to the consensus estimate of $165.71 million. During the same period in the previous year, the business earned $0.67 earnings per share. The company’s quarterly revenue was up 28.3% on a year-over-year basis. On average, analysts forecast that CyrusOne will post ($0.21) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, September 28th. CyrusOne’s dividend payout ratio (DPR) is presently -541.92%.

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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.

Analyst Recommendations for CyrusOne (NASDAQ:CONE)

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