Zacks Investment Research raised CyrusOne from a "strong sell" rating to a "hold" rating in a research report on Tuesday, November 1st.
According to Zacks, "CyrusOne Inc.is a real estate investment trust engaged in providing enterprise data centre colocation, engineering facilities with the highest power redundancy (2N architecture) and power-density infrastructure services in the United States, Europe, and Asia". Bailard Incorporated owns 0.05% invested in CyrusOne Inc.
Several research analysts have weighed in on the company. William Blair started coverage on shares of CyrusOne in a research note on Friday, September 22nd. Cowen reaffirmed a "buy" rating and issued a $68.00 price target on shares of CyrusOne in a research note on Thursday, September 21st. American Assets Capital Advisers acquired 31,245 shares as Cyrusone Inc (CONE)'s stock rose 15.46%. Finally, Cowen restated a "buy" rating and issued a $78.00 price objective on shares of CyrusOne in a research report on Wednesday, November 1st. Jefferies Group reaffirmed a "buy" rating and issued a $69.00 target price on shares of CyrusOne in a research note on Monday, October 16th.
Among 14 analysts covering Jones Energy Inc (NYSE:JONE), 7 have Buy rating, 3 Sell and 4 Hold. The stock has a consensus rating of "Buy" and an average price target of $64.15.
Sterling Capital Management LLC lifted its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 45.0% in the third quarter, according to its most recent filing with the SEC. 764,200 shares of the company's stock were exchanged, compared to its average volume of 828,767. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.48 and a current ratio of 0.48. Mason Street Advisors Llc who had been investing in Cyrusone Inc for a number of months, seems to be bullish on the $5.15B market cap company. The stock has a market cap of $3.85 billion, a PE ratio of 203.11 and a beta of 0.82.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing the 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 business had revenue of $175.30 million during the quarter, compared to analysts' expectations of $177.62 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. CyrusOne's revenue was up 21.9% on a year-over-year basis. analysts forecast that CyrusOne will post 3.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Fred Alger Management invested in 0.04% or 151,069 shares. Also Nasdaq.com published the news titled: "CyrusOne Inc (CONE) Ex-Dividend Date Scheduled for December 28, 2017" on December 27, 2017. This represents a $1.68 annualized dividend and a yield of 2.94%. CyrusOne's dividend payout ratio is presently -171.43%.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 6,737 shares of CyrusOne stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $60.20, for a total transaction of $812,700.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The stock decreased 0.87% or $0.08 during the last trading session, reaching $9.13. The fund owned 106,630 shares of the real estate investment trust's stock after buying an additional 2,650 shares during the period. Perigon Wealth Management LLC raised its position in CyrusOne by 44.8% in the 2nd quarter. Winfield Associates Inc bought 13,050 shares as the company's stock rose 15.46% with the market. Bronfman E.L. Rothschild L.P. increased its stake in CyrusOne by 81.2% in the 3rd quarter. Utah Retirement Systems now owns 16,246 shares of the real estate investment trust's stock valued at $905,000 after acquiring an additional 2,346 shares during the period. Flinton Capital Management LLC now owns 24,378 shares of the real estate investment trust's stock worth $1,359,000 after purchasing an additional 510 shares during the last quarter. Citigroup Inc. increased its stake in CyrusOne by 486.5% in the 2nd quarter. AXA now owns 312,701 shares of the real estate investment trust's stock worth $18,427,000 after acquiring an additional 67,700 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in CyrusOne by 32.9% during the second quarter. Shelton Capital Management now owns 9,821 shares of the real estate investment trust's stock worth $579,000 after acquiring an additional 3,800 shares in the last quarter.
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