Shares of CyrusOne Inc. (NASDAQ:CONE) fell 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 traded. The stock had previously closed at $54.93.

A number of research firms recently commented on CONE. Deutsche Bank AG reiterated a “buy” rating and issued a $47.00 target price on shares of CyrusOne in a research note on Sunday, March 20th. Jefferies Group reiterated a “buy” rating on shares of CyrusOne in a research note on Thursday, May 5th. Morgan Stanley reiterated a “buy” rating on shares of CyrusOne in a research note on Tuesday, May 3rd. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $49.00 target price (up from $45.00) on shares of CyrusOne in a research note on Thursday, March 24th. Finally, Stifel Nicolaus lifted their target price on shares of CyrusOne from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, March 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. CyrusOne presently has a consensus rating of “Buy” and an average target price of $50.55.

The stock’s market capitalization is $3.86 billion. The firm’s 50-day moving average is $52.69 and its 200-day moving average is $44.02.

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

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, June 24th were paid a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, June 22nd. This represents a $1.52 annualized dividend and a yield of 2.84%.

Other institutional investors recently made changes to their positions in the company. Swiss National Bank raised its position in shares of 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 in the last quarter. California State Teachers Retirement System raised its position in shares of 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 raised its position in shares of 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. Rhumbline Advisers raised its position in shares of 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. Finally, State of New Jersey Common Pension Fund D raised its position in shares of CyrusOne by 11.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 245,000 shares of the company’s stock valued at $9,175,000 after buying an additional 25,000 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.