Insider Selling: CyrusOne Inc (CONE) Insider Sells 10,000 Shares of Stock

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%.

Your IP Address:

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.

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 the CyrusOne footprint and beyond.

5 Day Chart for NASDAQ:CONE

Receive News & Ratings for CyrusOne Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Nike Suspends Relationship with Maria Sharapova
Nike Suspends Relationship with Maria Sharapova
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Ron Washington Leaves Texas Rangers Due to an Affair
Ron Washington Leaves Texas Rangers Due to an Affair
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Tony Stewart Case Going to the Grand Jury
Tony Stewart Case Going to the Grand Jury
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder


Leave a Reply

 
© 2006-2017 Web Breaking News.