CyrusOne (NASDAQ:CONE) had its price target decreased by Wells Fargo & Co from $78.00 to $75.00 in a research report sent to investors on Thursday, BenzingaRatingsTable reports. Wells Fargo & Co currently has an overweight rating on the real estate investment trust’s stock.
Several other brokerages also recently weighed in on CONE. ValuEngine upgraded shares of CyrusOne from a sell rating to a hold rating in a research note on Saturday, December 7th. UBS Group lifted their price objective on shares of CyrusOne from $64.00 to $70.00 and gave the stock a neutral rating in a research note on Monday, November 4th. Stifel Nicolaus reiterated a buy rating and set a $85.00 price objective on shares of CyrusOne in a research note on Tuesday, December 3rd. Raymond James reiterated a buy rating and set a $82.00 price objective (up from $72.00) on shares of CyrusOne in a research note on Friday, November 1st. Finally, Credit Suisse Group set a $68.00 price objective on shares of CyrusOne and gave the stock a hold rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $72.34.
CONE traded up $0.93 during trading on Thursday, hitting $67.72. The stock had a trading volume of 1,413,234 shares, compared to its average volume of 1,230,521. The company has a market capitalization of $7.06 billion, a PE ratio of -451.47, a PEG ratio of 1.05 and a beta of 0.46. CyrusOne has a twelve month low of $48.94 and a twelve month high of $79.73. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50 day simple moving average of $63.74 and a two-hundred day simple moving average of $67.86.
In related news, CEO Gary J. Wojtaszek sold 13,361 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $65.00, for a total transaction of $868,465.00. Following the completion of the transaction, the chief executive officer now owns 346,008 shares of the company’s stock, valued at $22,490,520. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary J. Wojtaszek sold 100,000 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $67.00, for a total transaction of $6,700,000.00. Following the transaction, the chief executive officer now directly owns 167,351 shares of the company’s stock, valued at approximately $11,212,517. The disclosure for this sale can be found here. In the last three months, insiders have sold 118,456 shares of company stock valued at $7,900,195. 1.40% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of CONE. First National Bank of South Miami purchased a new position in CyrusOne in the fourth quarter valued at $26,000. Prime Capital Investment Advisors LLC purchased a new position in CyrusOne in the third quarter valued at $29,000. FNY Investment Advisers LLC acquired a new stake in shares of CyrusOne in the fourth quarter valued at about $32,000. Meeder Asset Management Inc. grew its position in shares of CyrusOne by 4,750.0% in the third quarter. Meeder Asset Management Inc. now owns 582 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 570 shares during the period. Finally, Howe & Rusling Inc. grew its position in shares of CyrusOne by 36.4% in the third quarter. Howe & Rusling Inc. now owns 750 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 200 shares during the period.
CyrusOne Company Profile
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including 212 Fortune 1000 companies.
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