CyrusOne Inc. (CONE) Trading 1.7% Higher
CyrusOne Inc. (NASDAQ:CONE)’s share price traded up 1.7% on Tuesday . The stock traded as high as $54.60 and last traded at $54.54, with a volume of 333,813 shares changing hands. The stock had previously closed at $53.62.
Several equities research analysts recently commented on CONE shares. Raymond James Financial Inc. increased their price objective on CyrusOne from $44.00 to $51.00 and gave the company a “strong-buy” rating in a research report on Wednesday, March 23rd. Royal Bank Of Canada raised their target price on CyrusOne from $44.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 29th. Stifel Nicolaus raised their target price on CyrusOne from $48.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, May 6th. Zacks Investment Research cut CyrusOne from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 12th. Finally, Wells Fargo & Co. assumed coverage on CyrusOne in a research report on Tuesday, May 31st. They issued an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $50.91.
The firm’s 50-day moving average is $52.99 and its 200-day moving average is $44.37. The company’s market cap is $3.90 billion.
CyrusOne (NASDAQ:CONE) last issued its earnings results on Wednesday, May 4th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. The company earned $117.80 million during the quarter, compared to analysts’ expectations of $116.19 million. During the same quarter in the previous year, the company earned $0.49 EPS. The firm’s quarterly revenue was up 37.5% compared to the same quarter last year. On average, analysts forecast that CyrusOne Inc. will post $2.55 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.81%.
A number of institutional investors have modified their holdings of CONE. Rhumbline Advisers increased 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 worth $2,639,000 after buying an additional 12,150 shares in the last quarter. New York State Common Retirement Fund increased 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 worth $2,723,000 after buying an additional 5,112 shares in the last quarter. Swiss National Bank increased 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 worth $3,119,000 after buying an additional 1,700 shares in the last quarter. Royce & Associates LLC increased its position in shares of CyrusOne by 66.1% in the fourth quarter. Royce & Associates LLC now owns 93,000 shares of the company’s stock worth $3,483,000 after buying an additional 37,000 shares in the last quarter. Finally, KBC Group increased its position in shares of CyrusOne by 161.4% in the third quarter. KBC Group now owns 93,416 shares of the company’s stock worth $3,051,000 after buying an additional 57,686 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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