Shares of CyrusOne Inc. (NASDAQ:CONE) fell 1.8% during trading on Wednesday . The stock traded as low as $52.14 and last traded at $52.70, with a volume of 824,225 shares traded. The stock had previously closed at $53.65.

Several research firms have commented on CONE. Zacks Investment Research raised shares of CyrusOne from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Wednesday. Morgan Stanley reaffirmed a “buy” rating on shares of CyrusOne in a research note on Tuesday, May 3rd. Stifel Nicolaus lifted their target price on shares of CyrusOne from $48.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, May 6th. Jefferies Group reaffirmed a “buy” rating on shares of CyrusOne in a research note on Thursday, May 5th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of CyrusOne in a research note on Monday, July 11th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. CyrusOne has a consensus rating of “Buy” and a consensus target price of $53.82.

The firm’s 50-day moving average is $53.83 and its 200-day moving average is $45.64. The firm’s market cap is $3.77 billion.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Monday, August 1st. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.08. The firm had revenue of $130.10 million for the quarter, compared to analyst estimates of $125.94 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The firm’s revenue was up 46.0% compared to the same quarter last year. Equities research analysts forecast that CyrusOne Inc. will post $2.56 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.91%.

Other large investors have recently added to or reduced their stakes in the company. Swiss National Bank raised its stake in 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. New York State Common Retirement Fund raised 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. Rhumbline Advisers raised 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. 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 in the last quarter. Finally, 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 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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