CyrusOne Inc. (NASDAQ:CONE) announced a quarterly dividend on Tuesday, August 2nd. Shareholders of record on Friday, September 30th will be paid a dividend of 0.38 per share on Friday, October 14th. This represents a $1.52 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Wednesday, September 28th.

CONE has been the topic of a number of recent research reports. Bank of America Corp. set a $58.00 price target on shares of CyrusOne and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Barclays PLC upgraded shares of CyrusOne from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $50.00 to $57.00 in a research note on Thursday, August 18th. SunTrust Banks Inc. initiated coverage on shares of CyrusOne in a research note on Thursday, July 21st. They set a “buy” rating and a $63.00 target price on the stock. Zacks Investment Research upgraded shares of CyrusOne from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of CyrusOne in a research note on Monday, July 11th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $55.67.

Several institutional investors have recently added to or reduced their stakes in CONE. Highbridge Capital Management LLC bought a new stake in shares of CyrusOne during the second quarter valued at approximately $2,210,000. Jane Street Group LLC bought a new stake in shares of CyrusOne during the second quarter valued at approximately $1,339,000. Panagora Asset Management Inc. bought a new stake in shares of CyrusOne during the second quarter valued at approximately $1,003,000. Guggenheim Capital LLC increased its stake in shares of CyrusOne by 14.8% in the second quarter. Guggenheim Capital LLC now owns 166,238 shares of the company’s stock valued at $9,253,000 after buying an additional 21,486 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of CyrusOne by 567.9% in the second quarter. Barclays PLC now owns 7,561 shares of the company’s stock valued at $421,000 after buying an additional 6,429 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of CyrusOne (NASDAQ:CONE) opened at 49.48 on Friday. CyrusOne has a 12-month low of $31.10 and a 12-month high of $57.00. The firm has a market capitalization of $3.87 billion, a P/E ratio of 419.32 and a beta of 0.79. The stock has a 50 day moving average price of $50.43 and a 200 day moving average price of $48.95.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Monday, August 1st. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.08. The business had revenue of $130.10 million for the quarter, compared to analyst estimates of $125.94 million. CyrusOne had a return on equity of 0.98% and a net margin of 1.93%. The company’s revenue was up 46.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. Equities analysts anticipate that CyrusOne will post $2.57 earnings per share for the current fiscal year.

CyrusOne Company Profile

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.

5 Day Chart for NASDAQ:CONE

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