StockNews.com Initiates Coverage on CyrusOne (NASDAQ:CONE)

StockNews.com began coverage on shares of CyrusOne (NASDAQ:CONE – Get Rating) in a note issued to investors on Sunday. The brokerage set a “sell” rating on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the stock. Citigroup began coverage on shares of CyrusOne in a research report on Tuesday, March 22nd. They set a “neutral” rating and a $90.50 price objective on the stock. Zacks Investment Research lowered shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Monday, March 14th. Finally, TD Securities lowered shares of CyrusOne from a “hold” rating to a “tender” rating and set a $90.50 price target on the stock. in a research report on Wednesday, February 2nd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $88.97.

Shares of CONE opened at $90.36 on Friday. The firm has a market cap of $11.71 billion, a PE ratio of 430.29, a PEG ratio of 0.96 and a beta of 0.37. The firm’s 50 day moving average price is $90.25 and its 200 day moving average price is $88.04. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.38 and a current ratio of 2.38. CyrusOne has a twelve month low of $66.17 and a twelve month high of $90.49.

CyrusOne (NASDAQ:CONE – Get Rating) last issued its quarterly earnings data on Tuesday, February 15th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.92). The business had revenue of $318.40 million for the quarter, compared to the consensus estimate of $304.02 million. CyrusOne had a net margin of 2.10% and a return on equity of 1.02%. CyrusOne’s revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 EPS. On average, sell-side analysts anticipate that CyrusOne will post 4.26 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of CONE. Pentwater Capital Management LP boosted its stake in CyrusOne by 1,500.0% during the fourth quarter. Pentwater Capital Management LP now owns 3,520,000 shares of the real estate investment trust’s stock worth $315,814,000 after buying an additional 3,300,000 shares in the last quarter. BlackRock Inc. boosted its stake in CyrusOne by 13.1% during the third quarter. BlackRock Inc. now owns 16,255,632 shares of the real estate investment trust’s stock worth $1,258,350,000 after buying an additional 1,877,882 shares in the last quarter. Barclays PLC boosted its stake in CyrusOne by 1,847.2% during the fourth quarter. Barclays PLC now owns 1,583,291 shares of the real estate investment trust’s stock worth $142,053,000 after buying an additional 1,501,978 shares in the last quarter. Millennium Management LLC boosted its stake in CyrusOne by 247.4% during the fourth quarter. Millennium Management LLC now owns 1,993,606 shares of the real estate investment trust’s stock worth $178,866,000 after buying an additional 1,419,771 shares in the last quarter. Finally, Norges Bank acquired a new stake in CyrusOne during the fourth quarter worth $94,976,000. Hedge funds and other institutional investors own 87.89% of the company’s stock.

About CyrusOne (Get Rating)

CyrusOne, Inc is a real estate investment trust, which operates and develops enterprise-class, carrier-neutral, multi-tenant, and single-tenant data center properties. The firm provides data center facilities that protect and ensure the continued operation of IT infrastructure. Its data center properties are purpose-built facilities with redundant power, cooling and telecommunications systems that are not network-specific, enabling customer interconnectivity to a range of telecommunications carriers.

Read More