The CyrusOne Inc (NASDAQ:CONE) Stock Rating Reaffirmed by Macquarie

Paterniano Del Favero
Luglio 29, 2017

Analysts await CyrusOne Inc (NASDAQ:CONE) to report earnings on August, 2 after the close. Analysts anticipate that CyrusOne Inc will post ($0.10) EPS for the current fiscal year.

CyrusOne (NASDAQ:CONE) pays an annual dividend of Community Ranking: with a yield of 2.84%. The real estate investment trust reported $0.72 EPS for the quarter, topping the Zacks' consensus estimate of $0.68 by $0.04. The business had revenue of $149.30 million during the quarter, compared to the consensus estimate of $150.63 million. CyrusOne had a negative net margin of 2.87% and a positive return on equity of 2.27%. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & global copyright and trademark laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/07/27/cyrusone-inc-cone-stock-rating-reaffirmed-by-jefferies-group-llc.html.

CONE has been the topic of a number of other reports. Jefferies maintained CyrusOne Inc (NASDAQ:CONE) on Thursday, August 11 with "Buy" rating.

The current consensus rating on CyrusOne (NASDAQ:CONE) is Buy (Score: 2.77) with a consensus target price of $59.08 per share, a potential 0.22% downside.

6/30/2017-Credit Suisse Group initiated coverage with a Outperform rating.

The stock of CyrusOne Inc (NASDAQ:CONE) reached all time high today, Jul, 27 and still has $62.73 target or 5.00% above today's $59.74 share price. The stock of CyrusOne Inc (NASDAQ:CONE) earned "Buy" rating by Stifel Nicolaus on Friday, May 6. Morgan Stanley reiterated an "overweight" rating and set a $58.00 target price (up from $56.00) on shares of CyrusOne in a research report on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company.

Among 10 analysts covering PHH Corporation (NYSE:PHH), 4 have Buy rating, 1 Sell and 5 Hold. Jefferies Group Inc Lc holds 0.01% in CyrusOne Inc (NASDAQ:CONE) or 25,000 shares. CyrusOne has a one year low of $38.80 and a one year high of $59.97.

Several hedge funds have recently added to or reduced their stakes in the stock. Pnc Financial Group Incorporated has invested 0% in CyrusOne Inc (NASDAQ:CONE). Janney Capital Management LLC purchased a new stake in shares of CyrusOne during the second quarter valued at about $210,000. In the last quarter, insiders sold 126,894 shares of company stock worth $7,342,489. Duff & Phelps Investment Management Co. now owns 470,452 shares of the real estate investment trust's stock valued at $24,214,000 after buying an additional 108,925 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of CyrusOne during the first quarter worth approximately $968,000. Institutional investors own 99.31% of the company's stock. Finally, United Capital Financial Advisers LLC increased its stake in shares of CyrusOne by 1.2% in the first quarter. Perigon Wealth Management LLC now owns 3,125 shares of the real estate investment trust's stock valued at $162,000 after buying an additional 2,825 shares in the last quarter. Investors are feeling more bullish on shares of the company if you take a look at the fall in short interest. They now have a United States dollars 57 price target on the stock. Following the sale, the chief executive officer now directly owns 511,621 shares in the company, valued at approximately $29,679,134.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin L. Timmons sold 8,600 shares of the company's stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $57.89, for a total value of $497,854.00. Following the transaction, the insider now owns 170,137 shares in the company, valued at $9,849,230.93. The disclosure for this sale can be found here. Wojtaszek Gary J sold $4.62 million worth of CyrusOne Inc (NASDAQ:CONE) on Monday, June 5. Stockholders of record on Friday, June 30th were given a dividend of $0.42 per share.

On 5/4/2017 CyrusOne announced a quarterly dividend of $0.42 3.09% with an ex dividend date of 6/28/2017 which will be payable on 7/14/2017. CyrusOne's payout ratio is -884.16%. The value of the investment in CyrusOne Inc increased from $1,031,000 to $1,497,000 a change of $466,000 for the reporting period. The Firm is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company's divisions include Power Supplies and Data Storage.

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