CyrusOne Inc. (NASDAQ:CONE) Receives $55.30 Consensus PT from Analysts
Shares of CyrusOne Inc. (NASDAQ:CONE) have received a consensus recommendation of “Buy” from the fourteen analysts that are currently covering the stock. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $55.30.
A number of equities analysts recently issued reports on CONE shares. Bank of America Corp. set a $58.00 price objective on CyrusOne and gave the company a “buy” rating in a report on Wednesday, August 10th. Barclays PLC upgraded CyrusOne from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $50.00 to $57.00 in a report on Thursday, August 18th. SunTrust Banks Inc. started coverage on CyrusOne in a report on Thursday, July 21st. They set a “buy” rating and a $63.00 price objective for the company. Zacks Investment Research upgraded CyrusOne from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 20th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of CyrusOne in a report on Monday, July 11th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc bought a new position in CyrusOne during the first quarter valued at approximately $340,000. Virginia Retirement System acquired a new position in shares of CyrusOne during the first quarter valued at about $502,000. TIAA CREF Investment Management LLC raised its position in shares of CyrusOne by 10.9% in the first quarter. TIAA CREF Investment Management LLC now owns 261,563 shares of the company’s stock valued at $11,940,000 after buying an additional 25,798 shares in the last quarter. Teachers Advisors Inc. raised its position in shares of CyrusOne by 15.7% in the first quarter. Teachers Advisors Inc. now owns 105,516 shares of the company’s stock valued at $4,817,000 after buying an additional 14,288 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of CyrusOne by 75.0% in the first quarter. Prudential Financial Inc. now owns 32,733 shares of the company’s stock valued at $1,494,000 after buying an additional 14,033 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.
Shares of CyrusOne (NASDAQ:CONE) opened at 45.31 on Monday. The stock has a market capitalization of $3.55 billion, a PE ratio of 383.98 and a beta of 0.81. CyrusOne has a 1-year low of $32.42 and a 1-year high of $57.00. The stock has a 50 day moving average price of $49.44 and a 200-day moving average price of $49.49.
CyrusOne (NASDAQ:CONE) last announced its earnings results on Monday, August 1st. The company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.08. The firm earned $130.10 million during the quarter, compared to analysts’ expectations of $125.94 million. CyrusOne had a return on equity of 0.98% and a net margin of 1.93%. The company’s quarterly revenue was up 46.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. On average, analysts forecast that CyrusOne will post $2.57 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Wednesday, September 28th. CyrusOne’s payout ratio is 1,900.00%.
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.
Receive News & Stock Ratings for CyrusOne Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne Inc. and related stocks with our FREE daily email newsletter.