CyrusOne Inc (NASDAQ:CONE) insider Venkatesh S. Durvasula sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $50.69, for a total transaction of $506,900.00. Following the transaction, the insider now owns 239,342 shares of the company’s stock, valued at $12,132,245.98. The transaction was disclosed in a document filed with the SEC, which is available at this link.
CyrusOne Inc (NASDAQ:CONE) traded down 0.68% during midday trading on Monday, hitting $50.83. 746,854 shares of the company traded hands. The stock has a 50 day moving average price of $48.80 and a 200-day moving average price of $46.86. CyrusOne Inc has a 12-month low of $38.80 and a 12-month high of $57.00. The company has a market cap of $4.18 billion, a PE ratio of 211.79 and a beta of 0.82.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings data on Wednesday, February 22nd. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.05. The business earned $137.40 million during the quarter, compared to the consensus estimate of $136.28 million. CyrusOne had a net margin of 3.58% and a return on equity of 1.78%. The company’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share. Analysts expect that CyrusOne Inc will post $0.32 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a $0.42 dividend. The ex-dividend date is Wednesday, March 29th. This represents a $1.68 annualized dividend and a yield of 3.31%. This is an increase from CyrusOne’s previous quarterly dividend of $0.38. CyrusOne’s dividend payout ratio is presently 723.84%.
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Large investors have recently bought and sold shares of the company. Public Employees Retirement Association of Colorado increased its stake in shares of CyrusOne by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 2,277 shares of the company’s stock worth $108,000 after buying an additional 8 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of CyrusOne during the fourth quarter worth $125,000. Daiwa Securities Group Inc. increased its stake in shares of CyrusOne by 7.7% in the third quarter. Daiwa Securities Group Inc. now owns 2,800 shares of the company’s stock worth $133,000 after buying an additional 200 shares during the last quarter. Kemper Corp Master Retirement Trust increased its stake in shares of CyrusOne by 42.2% in the third quarter. Kemper Corp Master Retirement Trust now owns 2,950 shares of the company’s stock worth $140,000 after buying an additional 875 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its stake in shares of CyrusOne by 0.6% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 3,495 shares of the company’s stock worth $166,000 after buying an additional 20 shares during the last quarter. 96.42% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on the stock. Citigroup Inc downgraded shares of CyrusOne from a “neutral” rating to a “sell” rating and set a $43.00 target price for the company. in a report on Wednesday, January 25th. Royal Bank of Canada reiterated a “buy” rating and set a $59.00 price target on shares of CyrusOne in a report on Wednesday, March 1st. Jefferies Group LLC reiterated a “buy” rating and set a $55.00 price target on shares of CyrusOne in a report on Monday, February 27th. TheStreet upgraded shares of CyrusOne from a “c” rating to a “b-” rating in a report on Thursday, February 23rd. Finally, Zacks Investment Research upgraded shares of CyrusOne from a “strong sell” rating to a “hold” rating in a report on Friday, January 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $54.92.
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 the CyrusOne footprint and beyond.
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