An issue of CyrusOne Inc (NASDAQ:CONE) debt fell 1% against its face value during trading on Tuesday. The debt issue has a 5% coupon and is set to mature on March 15, 2024. The bonds in the issue are now trading at $103.22. Price changes in a company’s debt in credit markets often anticipate parallel changes in its share price.

A number of equities analysts have commented on the stock. Credit Suisse Group set a $73.00 price objective on shares of CyrusOne and gave the stock a “buy” rating in a research note on Wednesday. BidaskClub cut shares of CyrusOne from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Cowen reissued a “buy” rating and issued a $68.00 price objective on shares of CyrusOne in a research note on Thursday, September 21st. Zacks Investment Research cut shares of CyrusOne from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Finally, Mitsubishi UFJ Financial Group raised shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company. CyrusOne currently has an average rating of “Buy” and an average target price of $64.15.

CyrusOne Inc (CONE) traded down $0.57 during mid-day trading on Thursday, hitting $55.25. 363,958 shares of the company were exchanged, compared to its average volume of 1,323,536. CyrusOne Inc has a 52-week low of $46.41 and a 52-week high of $65.73. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.48 and a current ratio of 0.48. The stock has a market cap of $5,113.30, a PE ratio of -56.96, a PEG ratio of 0.90 and a beta of 0.79.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $175.30 million for the quarter, compared to analysts’ expectations of $177.62 million. During the same period in the prior year, the firm posted $0.67 earnings per share. CyrusOne’s revenue for the quarter was up 21.9% on a year-over-year basis. equities research analysts predict that CyrusOne Inc will post 3.08 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.04%. CyrusOne’s dividend payout ratio is presently -173.19%.

In related news, insider Venkatesh S. Durvasula sold 13,500 shares of CyrusOne stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total transaction of $812,700.00. Following the completion of the transaction, the insider now directly owns 214,063 shares of the company’s stock, valued at approximately $12,886,592.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.64% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its holdings in CyrusOne by 232.6% during the 3rd quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock valued at $101,000 after buying 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 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,850 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in CyrusOne by 32.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 751 shares in the last quarter. Bbva Compass Bancshares Inc. bought a new stake in CyrusOne during the 3rd quarter valued at about $202,000. Finally, Cipher Capital LP bought a new stake in CyrusOne during the 3rd quarter valued at about $221,000. 96.67% of the stock is owned by hedge funds and other institutional investors.

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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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