CyrusOne (NASDAQ:CONE)‘s stock had its “buy” rating reaffirmed by research analysts at Barclays in a research report issued to clients and investors on Friday. They currently have a $69.00 target price on the real estate investment trust’s stock. Barclays’ price objective would indicate a potential upside of 25.23% from the company’s previous close.

CONE has been the topic of a number of other research reports. Deutsche Bank reissued a “buy” rating and issued a $71.00 price target on shares of CyrusOne in a report on Friday, November 10th. Zacks Investment Research lowered shares of CyrusOne from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Morgan Stanley increased their target price on shares of CyrusOne from $63.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, November 17th. BidaskClub lowered shares of CyrusOne from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Finally, ValuEngine lowered shares of CyrusOne from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $65.08.

CyrusOne (NASDAQ:CONE) opened at $55.10 on Friday. The company has a market cap of $5,096.87, a price-to-earnings ratio of -56.80, a PEG ratio of 0.89 and a beta of 0.79. CyrusOne has a twelve month low of $46.41 and a twelve month high of $65.73. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.56.

CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($1.37). The company had revenue of $175.30 million during the quarter, compared to the consensus estimate of $177.62 million. CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. CyrusOne’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 EPS. equities research analysts expect that CyrusOne will post 3.08 earnings per share for the current fiscal year.

In related news, insider Venkatesh S. Durvasula sold 13,500 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total transaction of $812,700.00. Following the transaction, the insider now owns 214,063 shares of the company’s stock, valued at approximately $12,886,592.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.64% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in CONE. Jennison Associates boosted its position in CyrusOne by 39.2% during the 3rd 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 period. KBC Group boosted its position in CyrusOne by 161.4% during the 3rd 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 period. Assetmark purchased a new stake in CyrusOne during the 3rd quarter valued at $0. Fisher Asset Management boosted its position in CyrusOne by 34.7% during the 4th 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 period. Finally, Shinko Asset Management Co. Ltd. boosted its position in CyrusOne by 31.8% during the 4th 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 period. 96.67% of the stock is owned by institutional investors and hedge funds.

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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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