Westwood Holdings Group Inc. lessened its stake in CyrusOne Inc (NASDAQ:CONE) by 50.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,400 shares of the real estate investment trust’s stock after selling 17,895 shares during the quarter. Westwood Holdings Group Inc.’s holdings in CyrusOne were worth $912,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of CONE. Sageworth Trust Co acquired a new position in shares of CyrusOne in the 1st quarter valued at about $26,000. Lenox Wealth Management Inc. acquired a new position in shares of CyrusOne in the 1st quarter valued at about $26,000. Pearl River Capital LLC acquired a new position in shares of CyrusOne in the 4th quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. raised its holdings in CyrusOne by 302.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 588 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 442 shares during the period. Finally, Tortoise Index Solutions LLC acquired a new position in CyrusOne in the 1st quarter worth about $40,000. 98.04% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on the company. BidaskClub raised CyrusOne from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th. Bank of America raised CyrusOne from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a report on Friday, April 12th. BMO Capital Markets reduced their price target on CyrusOne to $60.00 and set an “outperform” rating for the company in a report on Friday, February 22nd. Stifel Nicolaus set a $62.00 price target on CyrusOne and gave the stock a “buy” rating in a report on Friday, February 22nd. Finally, Deutsche Bank raised CyrusOne from a “hold” rating to a “buy” rating and set a $63.39 price target for the company in a report on Friday, May 17th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $63.80.
NASDAQ CONE opened at $58.91 on Friday. The stock has a market capitalization of $6.64 billion, a P/E ratio of 17.80, a price-to-earnings-growth ratio of 1.16 and a beta of 0.74. CyrusOne Inc has a twelve month low of $48.94 and a twelve month high of $69.01. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.28.
CyrusOne (NASDAQ:CONE) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. CyrusOne had a return on equity of 2.15% and a net margin of 5.54%. The business had revenue of $225.00 million during the quarter, compared to analysts’ expectations of $231.36 million. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. As a group, equities research analysts expect that CyrusOne Inc will post 3.36 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.12%. CyrusOne’s payout ratio is currently 55.59%.
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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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