CyrusOne Inc (NASDAQ:CONE)‘s stock had its “buy” rating reiterated by analysts at Stifel Nicolaus in a report released on Wednesday. They currently have a $66.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $65.00. Stifel Nicolaus’ price objective indicates a potential upside of 16.94% from the company’s previous close.

Several other analysts have also issued reports on CONE. Royal Bank Of Canada reaffirmed a “buy” rating on shares of CyrusOne in a research report on Friday, July 28th. Zacks Investment Research lowered shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Tuesday. Cowen and Company reissued a “buy” rating and issued a $72.00 price objective on shares of CyrusOne in a research report on Friday, July 28th. Jefferies Group LLC reissued a “buy” rating and issued a $63.00 price objective on shares of CyrusOne in a research report on Tuesday, July 25th. Finally, BidaskClub lowered shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company’s stock. CyrusOne currently has a consensus rating of “Buy” and an average price target of $59.71.

CyrusOne (CONE) opened at 56.44 on Wednesday. CyrusOne has a 1-year low of $38.80 and a 1-year high of $60.55. The firm’s market capitalization is $4.52 billion. The company has a 50-day moving average of $57.51 and a 200-day moving average of $53.40.

CyrusOne (NASDAQ:CONE) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.03. CyrusOne had a negative net margin of 4.35% and a positive return on equity of 1.30%. The firm had revenue of $166.90 million for the quarter, compared to analyst estimates of $165.71 million. During the same period in the prior year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. On average, equities analysts predict that CyrusOne will post ($0.11) earnings per share for the current year.

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In related news, 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 value of $497,854.00. Following the transaction, the insider now directly owns 170,137 shares in the company, valued at $9,849,230.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gary J. Wojtaszek sold 80,000 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $57.79, for a total transaction of $4,623,200.00. Following the completion of the transaction, the insider now owns 511,621 shares in the company, valued at $29,566,577.59. The disclosure for this sale can be found here. Insiders sold 126,894 shares of company stock worth $7,342,489 over the last 90 days. 1.64% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Bellwether Investment Group LLC increased 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 valued at $318,000 after buying an additional 97 shares during the period. Teacher Retirement System of Texas increased its position in 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 period. PNC Financial Services Group Inc. increased its position in 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 period. Capstone Asset Management Co. increased its position in 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 period. Finally, BB&T Securities LLC increased its position in 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 period. Institutional investors and hedge funds own 99.34% of the company’s stock.

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 its footprint and beyond.

Analyst Recommendations for CyrusOne (NASDAQ:CONE)

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