Traders Purchase High Volume of Call Options on CyrusOne (NASDAQ:CONE)

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CyrusOne Inc. (NASDAQ:CONE) saw some unusual options trading activity on Thursday. Traders bought 21,960 call options on the company. This represents an increase of 1,551% compared to the average volume of 1,330 call options.

CyrusOne stock opened at $89.72 on Friday. CyrusOne has a 52-week low of $61.64 and a 52-week high of $90.35. The firm has a fifty day moving average of $87.33 and a 200-day moving average of $79.42. The firm has a market capitalization of $11.39 billion, a P/E ratio of 218.83, a PEG ratio of 1.00 and a beta of 0.39. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 1.31.

CyrusOne (NASDAQ:CONE) last announced its earnings results on Tuesday, October 26th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.94). The firm had revenue of $304.10 million during the quarter, compared to analysts’ expectations of $290.09 million. CyrusOne had a net margin of 4.44% and a return on equity of 1.71%. CyrusOne’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 earnings per share. On average, research analysts expect that CyrusOne will post 4.06 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 7th. Shareholders of record on Monday, January 3rd will be paid a dividend of $0.52 per share. The ex-dividend date is Friday, December 31st. This represents a $2.08 dividend on an annualized basis and a yield of 2.32%. CyrusOne’s dividend payout ratio (DPR) is 507.33%.

CONE has been the topic of a number of research analyst reports. Moffett Nathanson boosted their price objective on shares of CyrusOne from $71.00 to $90.50 and gave the stock a “neutral” rating in a report on Monday, November 15th. TD Securities downgraded shares of CyrusOne from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $92.00 to $90.50 in a report on Monday, November 15th. Raymond James downgraded shares of CyrusOne from an “outperform” rating to a “market perform” rating and set a $87.00 price objective on the stock. in a report on Monday, November 15th. Stifel Nicolaus downgraded shares of CyrusOne from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a report on Tuesday, November 16th. Finally, BMO Capital Markets downgraded shares of CyrusOne from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $90.00 to $90.50 in a report on Monday, November 15th. Sixteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $87.11.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bbva USA bought a new position in CyrusOne during the 2nd quarter valued at $27,000. O Shaughnessy Asset Management LLC lifted its position in shares of CyrusOne by 94.0% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 386 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 187 shares during the last quarter. Rosenberg Matthew Hamilton bought a new position in shares of CyrusOne in the 3rd quarter worth about $31,000. PSI Advisors LLC bought a new position in shares of CyrusOne in the 3rd quarter worth about $37,000. Finally, West Branch Capital LLC bought a new position in shares of CyrusOne in the 2nd quarter worth about $56,000.

CyrusOne Company Profile

CyrusOne, Inc is a real estate investment trust, which specializes in the enterprise-class, carrier-neutral 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 and that are not network-specific, enabling customer interconnectivity to a range of telecommunications carriers.

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