Venkatesh S. Durvasula Sells 13,500 Shares of CyrusOne Inc (CONE) Stock
CyrusOne Inc (NASDAQ:CONE) insider Venkatesh S. Durvasula sold 13,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total value of $812,700.00. Following the completion of the sale, the insider now owns 214,063 shares of the company’s stock, valued at approximately $12,886,592.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of CyrusOne Inc (CONE) opened at $62.40 on Wednesday. The company has a market capitalization of $5,671.20, a price-to-earnings ratio of 20.98, a PEG ratio of 1.02 and a beta of 0.81. CyrusOne Inc has a 52 week low of $38.80 and a 52 week high of $65.73. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.48 and a quick ratio of 0.48.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($1.37). CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The company had revenue of $175.30 million during the quarter, compared to the consensus estimate of $177.62 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. sell-side analysts predict that CyrusOne Inc will post 3.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a $0.42 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.68 annualized dividend and a dividend yield of 2.69%. CyrusOne’s dividend payout ratio is currently -173.19%.
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A number of brokerages have recently issued reports on CONE. KeyCorp reissued a “hold” rating on shares of CyrusOne in a report on Tuesday, September 12th. Morgan Stanley reissued an “overweight” rating and issued a $63.00 target price (up from $58.00) on shares of CyrusOne in a report on Friday, August 25th. Stifel Nicolaus reissued a “buy” rating and issued a $66.00 target price on shares of CyrusOne in a report on Thursday, September 14th. Mitsubishi UFJ Financial Group raised CyrusOne from a “neutral” rating to an “overweight” rating in a report on Tuesday, October 31st. Finally, UBS AG reissued a “buy” rating and issued a $70.00 target price (up from $63.00) on shares of CyrusOne in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. CyrusOne currently has a consensus rating of “Buy” and an average target price of $62.14.
Large investors have recently bought and sold shares of the company. IFP Advisors Inc lifted its holdings in CyrusOne by 232.6% during the third quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 1,198 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in CyrusOne by 3,032.8% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 1,850 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in CyrusOne by 20.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 388 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in CyrusOne during the second quarter worth about $124,000. Finally, Public Employees Retirement Association of Colorado lifted its holdings in CyrusOne by 21.6% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock worth $152,000 after acquiring an additional 484 shares in the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.
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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