CyrusOne Inc (NASDAQ:CONE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “CyrusOne Inc. is a real estate investment trust engaged in providing enterprise data centre colocation, engineering facilities with the highest power redundancy (2N architecture) and power-density infrastructure services in the United States, Europe, and Asia. CyrusOne Inc. is headquartered in Carrollton, United States. “

Several other analysts also recently weighed in on the stock. Credit Suisse Group started coverage on shares of CyrusOne in a research report on Friday, June 30th. They set an “outperform” rating and a $73.00 price objective for the company. Morgan Stanley restated an “overweight” rating and set a $58.00 price objective (up previously from $56.00) on shares of CyrusOne in a research report on Wednesday, May 17th. TheStreet downgraded shares of CyrusOne from a “b-” rating to a “c” rating in a research report on Wednesday, May 3rd. Stifel Nicolaus restated a “buy” rating on shares of CyrusOne in a research report on Tuesday, April 25th. Finally, Royal Bank Of Canada upped their price target on shares of CyrusOne from $59.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $59.29.

CyrusOne (CONE) traded down 2.66% on Tuesday, hitting $56.44. 862,407 shares of the company’s stock were exchanged. The company’s market cap is $4.52 billion. CyrusOne has a 12-month low of $38.80 and a 12-month high of $60.55. The company’s 50-day moving average price is $57.51 and its 200-day moving average price is $53.40.

CyrusOne (NASDAQ:CONE) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03. The business had revenue of $166.90 million during the quarter, compared to the consensus estimate of $165.71 million. CyrusOne had a negative net margin of 4.35% and a positive return on equity of 1.30%. The company’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. Analysts forecast that CyrusOne will post ($0.11) earnings per share for the current year.

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In other CyrusOne news, CEO Gary J. Wojtaszek sold 38,294 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $58.01, for a total value of $2,221,434.94. Following the transaction, the chief executive officer now directly owns 511,621 shares in the company, valued at approximately $29,679,134.21. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kevin L. Timmons sold 8,600 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $57.89, for a total transaction of $497,854.00. Following the completion of the transaction, the insider now owns 170,137 shares in the company, valued at $9,849,230.93. The disclosure for this sale can be found here. Over the last three months, insiders sold 126,894 shares of company stock worth $7,342,489. 1.64% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CONE. Bellwether Investment Group LLC raised its position in CyrusOne by 1.7% in the second quarter. Bellwether Investment Group LLC now owns 5,710 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 97 shares during the period. Teacher Retirement System of Texas raised its position in shares of CyrusOne by 6.3% in the second quarter. Teacher Retirement System of Texas now owns 6,297 shares of the real estate investment trust’s stock valued at $351,000 after buying an additional 372 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of CyrusOne by 20.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 388 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of CyrusOne by 5.7% in the second quarter. Capstone Asset Management Co. now owns 7,660 shares of the real estate investment trust’s stock valued at $427,000 after buying an additional 410 shares during the last quarter. Finally, BB&T Securities LLC raised its position in shares of CyrusOne by 4.1% in the second quarter. BB&T Securities LLC now owns 10,911 shares of the real estate investment trust’s stock valued at $608,000 after buying an additional 430 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

About CyrusOne

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 its footprint and beyond.

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