Stifel Nicolaus Reiterates "Buy" Rating for CyrusOne Inc (CONE)

The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Credit Suisse Group assumed coverage on CyrusOne in a research note on Friday, June 30th. The stock presently has a consensus rating of "Buy" and an average target price of $59.85. Stifel Nicolaus lifted their price target on shares of CyrusOne from $56.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, May 5th. TheStreet downgraded CyrusOne from a "b-" rating to a "c" rating in a research note on Wednesday, May 3rd. Deutsche Bank AG reaffirmed a "buy" rating and set a $64.00 target price (up from $62.00) on shares of CyrusOne in a report on Friday.

CONE has been the subject of several research analyst reports. Finally, BidaskClub lowered CyrusOne from a "strong-buy" rating to a "buy" rating in a research note on Thursday, June 29th. The stock had a trading volume of 1,352,534 shares.

Shares last traded at $57.43 which is slightly above the 50 day moving average of $57.40 and which is quite a bit above the 200 day moving average of $53.63. The stock's market capitalization is $5.11 billion. CyrusOne Inc has a one year low of $38.80 and a one year high of $60.55.

CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data on Wednesday, August 2nd. The dividend will be $0.420 per share for the quarter or $1.68 on an annualized basis. CyrusOne had a negative net margin of 4.35% and a positive return on equity of 1.30%. The company had revenue of $166.90 million during the quarter, compared to the consensus estimate of $165.71 million. During the same period in the prior year, the firm posted $0.67 EPS. During the same period previous year, the firm posted $0.67 earnings per share. Equities research analysts expect that CyrusOne will post ($0.11) EPS for the current fiscal year.

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In related news, CEO Gary J. Wojtaszek sold 38,294 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $58.01, for a total transaction of $2,221,434.94. Following the completion of the transaction, the chief executive officer now owns 511,621 shares of the company's stock, valued at $29,679,134.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The shares were sold at an average price of $57.89, for a total transaction of $497,854.00. Following the sale, the insider now directly owns 511,621 shares of the company's stock, valued at approximately $29,566,577.59. The disclosure for this sale can be found here. In the last three months, insiders have sold 126,894 shares of company stock valued at $7,342,489. The institutional investor owned 15,231 shares of the real estate investment trust's stock after selling 2,492 shares during the period. Vanguard Group Inc. increased its stake in shares of CyrusOne by 23.0% in the first quarter. Bank of America Corp DE increased its position in shares of CyrusOne by 30.4% 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 buying an additional 388 shares during the period. Thrivent Financial For Lutherans now owns 213,966 shares with a value of $11,929,000. Finally, Pitcairn Co. purchased a new stake in shares of CyrusOne during the first quarter valued at $204,000. Proshare Advisors LLC now owns 26,129 shares worth $1,457,000.

Loeb Partners Corp increased its position in shares of CyrusOne Inc (NASDAQ:CONE) by 10.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).