Comerica Bank lifted its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 65.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,600 shares of the real estate investment trust’s stock after purchasing an additional 40,614 shares during the period. Comerica Bank owned 0.11% of CyrusOne worth $6,336,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in CONE. Perigon Wealth Management LLC lifted its holdings in shares of CyrusOne by 44.8% during the 2nd quarter. Perigon Wealth Management LLC now owns 4,525 shares of the real estate investment trust’s stock worth $254,000 after acquiring an additional 1,400 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of CyrusOne by 4.3% during the 2nd quarter. Eagle Asset Management Inc. now owns 304,458 shares of the real estate investment trust’s stock worth $16,973,000 after acquiring an additional 12,507 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of CyrusOne by 14.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 325,495 shares of the real estate investment trust’s stock worth $18,147,000 after acquiring an additional 40,044 shares during the last quarter. Utah Retirement Systems lifted its stake in CyrusOne by 16.9% in the second quarter. Utah Retirement Systems now owns 16,246 shares of the real estate investment trust’s stock worth $905,000 after purchasing an additional 2,346 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in CyrusOne by 486.5% in the second quarter. Citigroup Inc. now owns 435,484 shares of the real estate investment trust’s stock worth $24,278,000 after purchasing an additional 361,238 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.
A number of equities analysts have issued reports on the stock. BidaskClub upgraded shares of CyrusOne from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Deutsche Bank reiterated a “buy” rating and set a $71.00 price target on shares of CyrusOne in a research report on Friday, November 10th. Cowen reiterated a “buy” rating and set a $68.00 price target on shares of CyrusOne in a research report on Thursday, September 21st. Mitsubishi UFJ Financial Group upgraded shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 31st. Finally, ValuEngine cut shares of CyrusOne from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $64.15.
Shares of CyrusOne Inc (NASDAQ CONE) traded down $0.39 during trading on Wednesday, reaching $58.12. 695,612 shares of the company were exchanged, compared to its average volume of 1,059,145. CyrusOne Inc has a 12 month low of $41.86 and a 12 month high of $65.73. The company has a market capitalization of $5,310.00, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 1.03 and a beta of 0.79. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.56.
CyrusOne (NASDAQ:CONE) last announced its earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($1.37). The business had revenue of $175.30 million for the quarter, compared to analysts’ expectations of $177.62 million. CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.23%. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. equities research analysts predict that CyrusOne Inc will post 3.09 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.89%. CyrusOne’s dividend payout ratio (DPR) is presently -171.43%.
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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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