Usca Ria LLC lifted its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 193.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,180 shares of the real estate investment trust’s stock after buying an additional 17,902 shares during the quarter. Usca Ria LLC’s holdings in CyrusOne were worth $1,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westfield Capital Management Co. LP bought a new stake in CyrusOne during the first quarter worth about $15,665,000. BlackRock Inc. boosted its stake in CyrusOne by 2.2% during the first quarter. BlackRock Inc. now owns 13,697,485 shares of the real estate investment trust’s stock worth $718,297,000 after acquiring an additional 297,154 shares in the last quarter. Duff & Phelps Investment Management Co. boosted its stake in CyrusOne by 25.6% during the second quarter. Duff & Phelps Investment Management Co. now owns 1,159,252 shares of the real estate investment trust’s stock worth $66,912,000 after acquiring an additional 236,583 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in CyrusOne by 9.0% during the first quarter. Daiwa Securities Group Inc. now owns 2,766,080 shares of the real estate investment trust’s stock worth $145,053,000 after acquiring an additional 227,796 shares in the last quarter. Finally, Strs Ohio boosted its stake in CyrusOne by 95.0% during the second quarter. Strs Ohio now owns 421,129 shares of the real estate investment trust’s stock worth $24,307,000 after acquiring an additional 205,141 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.
Shares of NASDAQ CONE traded up $5.28 during midday trading on Friday, hitting $69.99. The stock had a trading volume of 6,119,500 shares, compared to its average volume of 1,043,126. The business’s 50 day moving average is $60.26 and its 200-day moving average is $57.38. The company has a market cap of $7.32 billion, a P/E ratio of 21.15, a PEG ratio of 1.21 and a beta of 0.65. CyrusOne Inc has a 52 week low of $48.94 and a 52 week high of $75.48. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.16.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.09. CyrusOne had a negative net margin of 7.44% and a negative return on equity of 2.45%. The firm had revenue of $251.50 million during the quarter, compared to analysts’ expectations of $238.01 million. During the same period in the previous year, the company earned $0.81 earnings per share. The firm’s quarterly revenue was up 27.7% on a year-over-year basis. As a group, analysts expect that CyrusOne Inc will post 3.54 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.86%. This is a boost from CyrusOne’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, September 26th. CyrusOne’s payout ratio is presently 55.59%.
Several equities research analysts recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of CyrusOne from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. UBS Group lowered shares of CyrusOne from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $64.00 to $62.00 in a research note on Thursday, June 13th. Berenberg Bank upgraded shares of CyrusOne from a “hold” rating to a “buy” rating and upped their target price for the stock from $55.00 to $69.00 in a research note on Tuesday, May 7th. ValuEngine downgraded shares of CyrusOne from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Finally, TheStreet downgraded shares of CyrusOne from a “b-” rating to a “c” rating in a research note on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $65.18.
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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