CyrusOne (CONE) Receives “Buy” Rating from Deutsche Bank

Deutsche Bank reaffirmed their buy rating on shares of CyrusOne (NASDAQ:CONE) in a report published on Friday, November 10th. They currently have a $71.00 price objective on the real estate investment trust’s stock.

Several other equities analysts have also commented on CONE. BidaskClub lowered CyrusOne from a strong-buy rating to a buy rating in a report on Thursday, August 10th. Stifel Nicolaus reaffirmed a buy rating and set a $66.00 target price (up from $65.00) on shares of CyrusOne in a report on Wednesday, August 9th. Jefferies Group reaffirmed a buy rating and set a $69.00 target price on shares of CyrusOne in a report on Monday, August 14th. Zacks Investment Research lowered CyrusOne from a buy rating to a hold rating in a report on Tuesday, August 8th. Finally, Cowen reaffirmed a buy rating and set a $68.00 target price on shares of CyrusOne in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $63.14.

CyrusOne (CONE) opened at $59.99 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.56. CyrusOne has a one year low of $40.48 and a one year high of $65.73. The company has a market capitalization of $5,520.00, a PE ratio of 20.92, a P/E/G ratio of 1.11 and a beta of 0.81.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($1.37). The business had revenue of $175.30 million during the quarter, compared to analyst estimates of $177.62 million. CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The company’s revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 EPS. analysts forecast that CyrusOne will post 3.09 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.68 annualized dividend and a dividend yield of 2.80%. CyrusOne’s dividend payout ratio is presently -171.43%.

In other news, insider Venkatesh S. Durvasula sold 13,500 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total transaction of $812,700.00. Following the completion of the transaction, the insider now directly owns 214,063 shares in the company, valued at $12,886,592.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.64% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bellwether Investment Group LLC lifted its position in CyrusOne by 1.7% in the second quarter. Bellwether Investment Group LLC now owns 5,710 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 97 shares during the period. Zevenbergen Capital Investments LLC lifted its position in CyrusOne by 1.6% in the second quarter. Zevenbergen Capital Investments LLC now owns 11,405 shares of the real estate investment trust’s stock worth $636,000 after purchasing an additional 175 shares during the period. Campbell Newman Asset Management Inc. lifted its position in CyrusOne by 4.8% in the second quarter. Campbell Newman Asset Management Inc. now owns 4,404 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 201 shares during the period. Teacher Retirement System of Texas lifted its position in CyrusOne by 6.3% in the second quarter. Teacher Retirement System of Texas now owns 6,297 shares of the real estate investment trust’s stock worth $351,000 after purchasing an additional 372 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in CyrusOne by 20.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 388 shares during the period. Hedge funds and other institutional investors own 98.47% of the company’s stock.

TRADEMARK VIOLATION WARNING: “CyrusOne (CONE) Receives “Buy” Rating from Deutsche Bank” was posted by BBNS and is the property of of BBNS. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this piece of content can be viewed at https://baseballnewssource.com/markets/cyrusones-cone-buy-rating-reaffirmed-at-deutsche-bank-ag/1775931.html.

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 its footprint and beyond.

Analyst Recommendations for CyrusOne (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 our FREE daily email newsletter.

 


Latest News

Phillies Sign Free Agent Carlos Santana
Phillies Sign Free Agent Carlos Santana
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle


Leave a Reply

 
© 2006-2017 BBNS.