CyrusOne Inc (CONE) Stake Lowered by Allianz Asset Management GmbH

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.

TRADEMARK VIOLATION NOTICE: This news story was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://www.dispatchtribunal.com/2017/12/10/cyrusone-inc-cone-stake-lowered-by-allianz-asset-management-gmbh.html.

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.

Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

Receive News & Ratings for CyrusOne Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply