CyrusOne Inc. (NASDAQ:CONE) traded down 1.6% during trading on Thursday . The company traded as low as $53.98 and last traded at $54.07, with a volume of 290,732 shares trading hands. The stock had previously closed at $54.93.

A number of equities research analysts have commented on the company. Royal Bank Of Canada increased their target price on CyrusOne from $44.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, March 29th. Stifel Nicolaus increased their target price on CyrusOne from $45.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, March 23rd. Wells Fargo & Co. began coverage on CyrusOne in a report on Tuesday, May 31st. They set an “outperform” rating on the stock. Jefferies Group reissued a “buy” rating and set a $57.00 price target on shares of CyrusOne in a research note on Wednesday, July 6th. Finally, Raymond James Financial Inc. increased their price target on CyrusOne from $44.00 to $51.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, March 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. CyrusOne presently has a consensus rating of “Buy” and an average target price of $50.55.

The stock’s 50 day moving average is $52.44 and its 200 day moving average is $43.83. The company’s market capitalization is $3.88 billion.

CyrusOne (NASDAQ:CONE) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The firm had revenue of $117.80 million for the quarter, compared to analysts’ expectations of $116.19 million. The company’s revenue for the quarter was up 37.5% on a year-over-year basis. Analysts anticipate that CyrusOne Inc. will post $2.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, June 24th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, June 22nd.

Other institutional investors have recently bought and sold shares of the company. Swiss National Bank boosted its position in CyrusOne by 2.1% in the fourth quarter. Swiss National Bank now owns 83,284 shares of the company’s stock valued at $3,119,000 after buying an additional 1,700 shares during the last quarter. California State Teachers Retirement System boosted its position in CyrusOne by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 122,767 shares of the company’s stock valued at $4,598,000 after buying an additional 1,925 shares in the last quarter. New York State Common Retirement Fund boosted its position in CyrusOne by 7.6% in the fourth quarter. New York State Common Retirement Fund now owns 72,718 shares of the company’s stock valued at $2,723,000 after buying an additional 5,112 shares in the last quarter. Fagan Associates Inc. boosted its position in CyrusOne by 28.9% in the fourth quarter. Fagan Associates Inc. now owns 31,353 shares of the company’s stock valued at $1,174,000 after buying an additional 7,021 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in CyrusOne by 20.8% in the fourth quarter. Rhumbline Advisers now owns 70,457 shares of the company’s stock valued at $2,639,000 after buying an additional 12,150 shares in the last quarter.

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 the CyrusOne footprint and beyond.

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