Tyers Asset Management LLC lifted its position in CyrusOne Inc (NASDAQ:CONE) by 3.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,072 shares of the real estate investment trust’s stock after buying an additional 1,064 shares during the quarter. Tyers Asset Management LLC’s holdings in CyrusOne were worth $1,736,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Comerica Securities Inc. acquired a new position in CyrusOne in the 4th quarter valued at about $225,000. Dimensional Fund Advisors LP boosted its position in CyrusOne by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,443,931 shares of the real estate investment trust’s stock valued at $76,355,000 after buying an additional 37,467 shares during the period. Geode Capital Management LLC boosted its position in CyrusOne by 10.7% in the 4th quarter. Geode Capital Management LLC now owns 1,094,343 shares of the real estate investment trust’s stock valued at $57,868,000 after buying an additional 105,930 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of CyrusOne by 3.1% in the first quarter. Crossmark Global Holdings Inc. now owns 13,120 shares of the real estate investment trust’s stock worth $688,000 after acquiring an additional 400 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of CyrusOne by 12.3% in the first quarter. California Public Employees Retirement System now owns 138,009 shares of the real estate investment trust’s stock worth $7,237,000 after acquiring an additional 15,077 shares in the last quarter.
CONE stock traded up $1.26 during midday trading on Wednesday, reaching $73.99. 12,097 shares of the company were exchanged, compared to its average volume of 1,048,732. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 1.38 and a beta of 0.55. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.58 and a current ratio of 1.58. CyrusOne Inc has a 1-year low of $48.94 and a 1-year high of $75.48. The stock’s 50-day simple moving average is $66.71 and its 200 day simple moving average is $59.42.
CyrusOne (NASDAQ:CONE) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.09. The business had revenue of $251.50 million during the quarter, compared to analysts’ expectations of $238.01 million. CyrusOne had a negative net margin of 7.44% and a negative return on equity of 2.45%. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.81 EPS. On average, research analysts anticipate that CyrusOne Inc will post 3.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.70%. The ex-dividend date is Thursday, September 26th. This is an increase from CyrusOne’s previous quarterly dividend of $0.46. CyrusOne’s dividend payout ratio is currently 55.59%.
CONE has been the topic of several analyst reports. BidaskClub upgraded CyrusOne from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 5th. Raymond James boosted their target price on CyrusOne from $68.00 to $72.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd. Bank of America set a $80.00 target price on CyrusOne and gave the stock a “buy” rating in a research note on Friday, August 16th. UBS Group downgraded CyrusOne from a “buy” rating to a “neutral” rating and cut their price target for the stock from $64.00 to $62.00 in a report on Thursday, June 13th. Finally, Deutsche Bank raised CyrusOne from a “hold” rating to a “buy” rating and set a $63.39 price target on the stock in a research report on Friday, May 17th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $67.18.
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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