CyrusOne Inc. (CONE) Trading 1.7% Higher
CyrusOne Inc. (NASDAQ:CONE) traded up 1.7% during mid-day trading on Tuesday . The company traded as high as $54.60 and last traded at $54.54, with a volume of 333,813 shares trading hands. The stock had previously closed at $53.62.
A number of equities research analysts recently issued reports on the company. Morgan Stanley reaffirmed a “buy” rating on shares of CyrusOne in a research note on Tuesday, May 3rd. Royal Bank Of Canada upped their target price on CyrusOne from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, March 29th. Zacks Investment Research lowered CyrusOne from a “buy” rating to a “hold” rating in a research note on Monday, March 21st. Stifel Nicolaus upped their target price on CyrusOne from $48.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, May 6th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of CyrusOne in a research note on Thursday, May 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $50.91.
The stock’s market cap is $3.93 billion. The firm has a 50-day moving average of $52.80 and a 200 day moving average of $44.22.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. The company had revenue of $117.80 million for the quarter, compared to analyst estimates of $116.19 million. During the same quarter in the prior year, the business earned $0.49 EPS. CyrusOne’s revenue was up 37.5% compared to the same quarter last year. On average, equities research analysts predict that CyrusOne Inc. will post $2.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, June 24th were given 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 2.83%.
A number of hedge funds and institutional investors have bought and sold shares of CONE. KBC Group NV raised its position in CyrusOne by 36.8% in the fourth quarter. KBC Group NV now owns 127,818 shares of the company’s stock valued at $4,787,000 after buying an additional 34,402 shares during the period. Jennison Associates LLC raised its position in CyrusOne by 5.3% in the fourth quarter. Jennison Associates LLC now owns 3,478,650 shares of the company’s stock valued at $130,275,000 after buying an additional 174,675 shares during the period. State of New Jersey Common Pension Fund D raised its position in 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 during the period. Royce & Associates LLC raised its position in CyrusOne by 66.1% in the fourth quarter. Royce & Associates LLC now owns 93,000 shares of the company’s stock valued at $3,483,000 after buying an additional 37,000 shares during the period. Finally, Vanguard Group Inc. raised its position in CyrusOne by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 9,695,943 shares of the company’s stock valued at $363,114,000 after buying an additional 321,517 shares during the period.
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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