Contrasting CyrusOne (CONE) & its Competitors
CyrusOne (NASDAQ: CONE) is one of 16 public companies in the “Specialized REITs” industry, but how does it weigh in compared to its peers? We will compare CyrusOne to related businesses based off the strength of its valuation, earnings, institutional ownership, analyst recommendations, profitability, dividends and risk.
This is a summary of recent ratings and target prices for CyrusOne and its peers, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
CyrusOne presently has a consensus price target of $61.00, indicating a potential downside of 4.72%. All “Specialized REITs” companies have a potential upside of 15.41%. Given CyrusOne’s peers higher possible upside, analysts clearly believe CyrusOne has less favorable growth aspects than its peers.
Earnings and Valuation
This table compares CyrusOne and its peers gross revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|CyrusOne||$597.40 million||$296.60 million||-206.51|
|CyrusOne Competitors||$966.23 million||$509.71 million||26.09|
CyrusOne’s peers have higher revenue and earnings than CyrusOne. CyrusOne is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently the more affordable than other companies in its industry.
Volatility & Risk
CyrusOne has a beta of 0.83, suggesting that its stock price is 17% less volatile than the S&P 500. Comparatively, CyrusOne’s peers have a beta of 0.85, suggesting that their average stock price is 15% less volatile than the S&P 500.
Insider & Institutional Ownership
96.7% of CyrusOne shares are owned by institutional investors. Comparatively, 64.9% of shares of all “Specialized REITs” companies are owned by institutional investors. 1.6% of CyrusOne shares are owned by insiders. Comparatively, 6.4% of shares of all “Specialized REITs” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
This table compares CyrusOne and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
CyrusOne pays an annual dividend of $1.68 per share and has a dividend yield of 2.6%. CyrusOne pays out -541.9% of its earnings in the form of a dividend. As a group, “Specialized REITs” companies pay a dividend yield of 4.1% and pay out 169.6% of their earnings in the form of a dividend.
CyrusOne peers beat CyrusOne on 11 of the 15 factors compared.
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. The Company has data centers in the United States, London and Singapore. As of December 31, 2016, the Company provided mission-critical data center facilities for 932 customers in 35 data centers and two recovery centers in 11 distinct markets (nine cities in the United States, London and Singapore) with approximately 3,904,000 net rentable square feet (NRSF). The Company provides round the clock security guard monitoring with customizable security features. As of December 31, 2016, the Company had approximately 1,657,000 NRSF under development.
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