Allianz Asset Management GmbH lessened its holdings in CyrusOne Inc (NASDAQ:CONE) by 14.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 526,292 shares of the real estate investment trust’s stock after selling 92,350 shares during the period. Allianz Asset Management GmbH owned approximately 0.58% of CyrusOne worth $31,014,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in CONE. IFP Advisors Inc lifted its stake in shares of CyrusOne by 232.6% in the 3rd quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 1,198 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of CyrusOne by 3,032.8% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 1,850 shares during the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of CyrusOne in the 2nd quarter valued at $124,000. Public Employees Retirement Association of Colorado lifted its stake in shares of CyrusOne by 21.6% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 484 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of CyrusOne by 32.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock valued at $169,000 after purchasing an additional 751 shares during the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.
Shares of CyrusOne Inc (NASDAQ CONE) opened at $60.45 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.48 and a quick ratio of 0.48. The stock has a market capitalization of $5,520.00, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.07 and a beta of 0.79. CyrusOne Inc has a 12-month low of $43.57 and a 12-month high of $65.73.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($1.37). The company had revenue of $175.30 million during the quarter, compared to analyst estimates of $177.62 million. CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.23%. CyrusOne’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. equities research analysts expect that CyrusOne Inc will post 3.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Thursday, December 28th. CyrusOne’s dividend payout ratio is currently -171.43%.
Several equities analysts recently issued reports on CONE shares. Jefferies Group reissued a “buy” rating and set a $69.00 target price on shares of CyrusOne in a research note on Monday, August 14th. Deutsche Bank reissued a “buy” rating and set a $71.00 target price on shares of CyrusOne in a research note on Friday, November 10th. UBS reissued a “buy” rating and set a $70.00 target price (up previously from $63.00) on shares of CyrusOne in a research note on Wednesday, November 1st. Cowen reissued a “buy” rating and set a $78.00 target price on shares of CyrusOne in a research note on Wednesday, November 1st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $66.00 target price on shares of CyrusOne in a research note on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $64.15.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total value of $812,700.00. Following the sale, the insider now owns 214,063 shares of the company’s stock, valued at approximately $12,886,592.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.64% of the stock is owned by company insiders.
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CyrusOne Company Profile
CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.
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