CyrusOne Inc (NASDAQ:CONE) has been given an average rating of “Buy” by the eighteen ratings firms that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $67.60.

CONE has been the topic of several analyst reports. Zacks Investment Research downgraded CyrusOne from a “hold” rating to a “strong sell” rating in a report on Monday, October 8th. Jefferies Financial Group boosted their target price on CyrusOne from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, August 28th. Berenberg Bank initiated coverage on CyrusOne in a report on Thursday, September 20th. They issued a “hold” rating and a $64.00 target price on the stock. Wells Fargo & Co set a $66.00 target price on CyrusOne and gave the stock a “buy” rating in a report on Thursday, October 18th. Finally, Stifel Nicolaus set a $72.00 target price on CyrusOne and gave the stock a “buy” rating in a report on Friday, August 3rd.

NASDAQ CONE opened at $54.82 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.64 and a current ratio of 0.64. CyrusOne has a twelve month low of $43.49 and a twelve month high of $69.01. The company has a market cap of $5.85 billion, a P/E ratio of 17.57, a PEG ratio of 1.11 and a beta of 1.05.

CyrusOne (NASDAQ:CONE) last released its earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.43) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($1.23). CyrusOne had a return on equity of 5.68% and a net margin of 14.07%. The company had revenue of $206.60 million during the quarter, compared to the consensus estimate of $209.33 million. During the same period last year, the firm posted $0.79 earnings per share. The company’s revenue was up 17.9% compared to the same quarter last year. Research analysts predict that CyrusOne will post 3.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Wednesday, January 2nd will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Monday, December 31st. CyrusOne’s dividend payout ratio is currently 58.97%.

In related news, insider Kevin L. Timmons sold 7,374 shares of the company’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $67.16, for a total transaction of $495,237.84. Following the completion of the sale, the insider now owns 179,490 shares in the company, valued at $12,054,548.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gary J. Wojtaszek sold 10,000 shares of the company’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $66.50, for a total value of $665,000.00. Following the sale, the insider now owns 519,936 shares of the company’s stock, valued at approximately $34,575,744. The disclosure for this sale can be found here. 1.64% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc increased its position in CyrusOne by 95.8% during the third quarter. IFP Advisors Inc now owns 1,982 shares of the real estate investment trust’s stock valued at $126,000 after acquiring an additional 970 shares during the last quarter. Quad Cities Investment Group LLC purchased a new stake in CyrusOne during the second quarter valued at $164,000. NumerixS Investment Technologies Inc purchased a new stake in CyrusOne during the second quarter valued at $179,000. CIBC Asset Management Inc purchased a new stake in CyrusOne during the second quarter valued at $204,000. Finally, First Hawaiian Bank purchased a new stake in CyrusOne during the third quarter valued at $215,000. Institutional investors own 91.78% of the company’s stock.

About CyrusOne

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 200 Fortune 1000 companies.

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Analyst Recommendations for CyrusOne (NASDAQ:CONE)

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