CyrusOne (NASDAQ:CONE) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday.
A number of other research analysts have also weighed in on CONE. William Blair started coverage on shares of CyrusOne in a report on Friday, September 22nd. They issued an “outperform” rating for the company. Jefferies Group reissued a “buy” rating and issued a $69.00 target price on shares of CyrusOne in a report on Monday, October 16th. Cowen reissued a “buy” rating and issued a $78.00 target price on shares of CyrusOne in a report on Wednesday, November 1st. UBS Group reissued a “buy” rating and issued a $70.00 target price (up from $63.00) on shares of CyrusOne in a report on Wednesday, November 1st. Finally, Mitsubishi UFJ Financial Group raised shares of CyrusOne from a “neutral” rating to an “overweight” rating in a report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $65.08.
CyrusOne (CONE) traded up $0.32 during mid-day trading on Friday, hitting $55.42. 1,050,000 shares of the company were exchanged, compared to its average volume of 981,842. CyrusOne has a 1 year low of $46.41 and a 1 year high of $65.73. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.48 and a current ratio of 0.48. The stock has a market capitalization of $5,090.00, a price-to-earnings ratio of -56.55, a PEG ratio of 0.88 and a beta of 0.79.
In other news, insider Venkatesh S. Durvasula sold 13,500 shares of CyrusOne stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total transaction of $812,700.00. Following the completion of the sale, the insider now directly owns 214,063 shares in the company, valued at $12,886,592.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.64% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in CONE. Cbre Clarion Securities LLC bought a new stake in shares of CyrusOne during the second quarter worth $93,042,000. Atlantic Trust Group LLC bought a new stake in shares of CyrusOne during the third quarter worth $93,942,000. Santa Barbara Asset Management LLC bought a new stake in shares of CyrusOne during the third quarter worth $65,169,000. Janus Henderson Group PLC lifted its position in shares of CyrusOne by 971.8% during the second quarter. Janus Henderson Group PLC now owns 839,934 shares of the real estate investment trust’s stock worth $46,826,000 after purchasing an additional 761,568 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of CyrusOne by 5.1% during the second quarter. Vanguard Group Inc. now owns 12,464,124 shares of the real estate investment trust’s stock worth $694,875,000 after purchasing an additional 602,662 shares during the last quarter. Institutional investors and hedge funds own 96.67% of the company’s stock.
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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