CyrusOne Inc. (NASDAQ:CONE) shares traded down 1.4% during mid-day trading on Thursday . The company traded as low as $50.66 and last traded at $50.66, with a volume of 533,190 shares trading hands. The stock had previously closed at $51.36.

A number of research analysts have recently issued reports on the company. Morgan Stanley reiterated a “buy” rating on shares of CyrusOne in a research report on Tuesday, May 3rd. Stifel Nicolaus increased their target price on CyrusOne from $48.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, May 6th. Zacks Investment Research upgraded CyrusOne from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Jefferies Group reiterated a “buy” rating on shares of CyrusOne in a research report on Thursday, May 5th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of CyrusOne in a research report on Monday, July 11th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $55.67.

The company has a market capitalization of $3.98 billion and a price-to-earnings ratio of 430.51. The stock has a 50 day moving average price of $53.69 and a 200 day moving average price of $46.72.

CyrusOne (NASDAQ:CONE) last released its 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. During the same period in the previous year, the firm posted $0.51 EPS. The company earned $130.10 million during the quarter, compared to analyst estimates of $125.94 million. The company’s revenue for the quarter was up 46.0% on a year-over-year basis. On average, analysts anticipate that CyrusOne Inc. will post $2.57 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Wednesday, September 28th.

A number of hedge funds and institutional investors have made changes to their positions in the company. 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 worth $2,723,000 after buying an additional 5,112 shares in the last quarter. Royce & Associates LLC raised 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. KBC Group NV raised its position in shares of CyrusOne by 36.8% in the fourth quarter. KBC Group NV now owns 127,818 shares of the company’s stock worth $4,787,000 after buying an additional 34,402 shares in the last quarter. 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 worth $9,175,000 after buying an additional 25,000 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of CyrusOne by 5.3% in the fourth quarter. Jennison Associates LLC now owns 3,478,650 shares of the company’s stock worth $130,275,000 after buying an additional 174,675 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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