CyrusOne Inc (NASDAQ:CONE)‘s stock had its “buy” rating reiterated by Deutsche Bank AG in a report issued on Friday. They currently have a $64.00 target price on the real estate investment trust’s stock, up from their prior target price of $62.00. Deutsche Bank AG’s price objective indicates a potential upside of 9.42% from the company’s previous close.

Several other analysts also recently issued reports on the company. Credit Suisse Group initiated coverage on CyrusOne in a research note on Friday, June 30th. They set an “outperform” rating and a $73.00 price target for the company. Morgan Stanley reiterated an “overweight” rating and set a $58.00 price target (up previously from $56.00) on shares of CyrusOne in a research note on Wednesday, May 17th. TheStreet downgraded CyrusOne from a “b-” rating to a “c” rating in a research note on Wednesday, May 3rd. Stifel Nicolaus reiterated a “buy” rating on shares of CyrusOne in a research note on Tuesday, April 25th. Finally, Royal Bank Of Canada upped their price target on CyrusOne from $59.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $60.23.

CyrusOne (NASDAQ:CONE) traded up 1.85% during trading on Friday, reaching $58.49. The company had a trading volume of 1,352,442 shares. CyrusOne has a 12 month low of $38.80 and a 12 month high of $60.55. The stock has a 50 day moving average of $57.40 and a 200-day moving average of $53.63. The company’s market capitalization is $5.15 billion.

CyrusOne (NASDAQ:CONE) last issued its earnings results 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 company had revenue of $166.90 million for the quarter, compared to analyst estimates of $165.71 million. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The business’s revenue was up 28.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 EPS. Equities research analysts expect that CyrusOne will post ($0.11) EPS for the current fiscal year.

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In related news, insider Gary J. Wojtaszek sold 80,000 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $57.79, for a total transaction of $4,623,200.00. Following the completion of the sale, the insider now owns 511,621 shares in the company, valued at approximately $29,566,577.59. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gary J. Wojtaszek sold 38,294 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 511,621 shares of the company’s stock, valued at approximately $29,679,134.21. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 126,894 shares of company stock valued at $7,342,489. 1.64% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of CyrusOne by 9,082.1% in the first quarter. BlackRock Inc. now owns 6,929,733 shares of the real estate investment trust’s stock valued at $356,674,000 after buying an additional 6,854,263 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of CyrusOne by 23.0% in the first quarter. Vanguard Group Inc. now owns 11,861,462 shares of the real estate investment trust’s stock valued at $610,510,000 after buying an additional 2,220,488 shares during the last quarter. Cbre Clarion Securities LLC acquired a new stake in shares of CyrusOne during the second quarter valued at $93,042,000. State Street Corp increased its stake in shares of CyrusOne by 107.4% in the first quarter. State Street Corp now owns 1,944,811 shares of the real estate investment trust’s stock valued at $100,098,000 after buying an additional 1,007,158 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of CyrusOne by 1,668.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 869,130 shares of the real estate investment trust’s stock valued at $44,734,000 after buying an additional 819,970 shares during the last quarter. Hedge funds and other 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.

Analyst Recommendations for CyrusOne (NASDAQ:CONE)

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