CyrusOne (NASDAQ:CONE) was downgraded by analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued on Friday, February 22nd, Marketbeat.com reports. They currently have a $54.00 price target on the real estate investment trust’s stock, down from their prior price target of $62.00. Jefferies Financial Group’s target price would suggest a potential upside of 3.81% from the stock’s current price. Jefferies Financial Group also issued estimates for CyrusOne’s Q1 2019 earnings at $0.79 EPS, Q2 2019 earnings at $0.77 EPS, Q4 2019 earnings at $0.82 EPS, FY2019 earnings at $3.17 EPS and Q4 2020 earnings at $0.90 EPS.
Other research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of CyrusOne from a “hold” rating to a “buy” rating in a report on Friday, December 7th. Cowen dropped their price objective on shares of CyrusOne from $79.00 to $67.00 and set a “buy” rating for the company in a report on Thursday, November 1st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of CyrusOne from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. BMO Capital Markets dropped their price objective on shares of CyrusOne from $74.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, November 1st. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of CyrusOne in a report on Thursday, February 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $61.16.
Shares of CyrusOne stock traded up $0.31 on Friday, reaching $52.02. The company had a trading volume of 641,985 shares, compared to its average volume of 1,169,355. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 1.15 and a beta of 0.86. CyrusOne has a 52-week low of $48.61 and a 52-week high of $69.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.54 and a current ratio of 0.54.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Wednesday, February 20th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $221.30 million for the quarter, compared to the consensus estimate of $223.80 million. CyrusOne had a net margin of 0.15% and a return on equity of 0.06%. The business’s revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. Equities analysts expect that CyrusOne will post 3.16 earnings per share for the current year.
In other news, Director Michael Klayko purchased 1,955 shares of the stock in a transaction on Monday, March 11th. The stock was bought at an average price of $51.10 per share, for a total transaction of $99,900.50. Following the acquisition, the director now directly owns 12,016 shares of the company’s stock, valued at approximately $614,017.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary J. Wojtaszek purchased 4,000 shares of the stock in a transaction on Wednesday, February 27th. The shares were purchased at an average price of $49.86 per share, with a total value of $199,440.00. Following the acquisition, the chief executive officer now directly owns 396,534 shares in the company, valued at $19,771,185.24. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.
Several large investors have recently modified their holdings of CONE. Cohen & Steers Inc. lifted its position in shares of CyrusOne by 52.5% during the 3rd quarter. Cohen & Steers Inc. now owns 11,176,542 shares of the real estate investment trust’s stock worth $708,593,000 after buying an additional 3,846,356 shares during the last quarter. BlackRock Inc. lifted its position in shares of CyrusOne by 33.3% during the 3rd quarter. BlackRock Inc. now owns 12,386,690 shares of the real estate investment trust’s stock worth $785,315,000 after buying an additional 3,097,539 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of CyrusOne by 5,517.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,191,559 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 2,152,545 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of CyrusOne by 664.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,469,880 shares of the real estate investment trust’s stock worth $156,590,000 after buying an additional 2,146,941 shares during the last quarter. Finally, Vanguard Group Inc lifted its position in shares of CyrusOne by 8.8% during the 3rd quarter. Vanguard Group Inc now owns 15,035,960 shares of the real estate investment trust’s stock worth $953,281,000 after buying an additional 1,213,820 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including 208 Fortune 1000 companies.
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