Today, Advisors Asset Management Inc. decides to keep it stake in CyrusOne Inc. (CONE) to the level of $871,000

Today, Advisors Asset Management Inc. decides to keep it stake in CyrusOne Inc. (CONE) to the level of $871,000
Advisors Asset Management Inc. increased its stake in CyrusOne Inc. (NASDAQ:CONE) by 5.7% during the third quarter, Holdings Channel reports. The fund owned 18,311 shares of the company’s stock after buying an additional 992 shares during the period. Advisors Asset Management Inc.’s holdings in CyrusOne were worth $871,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Shinko Asset Management Co. Ltd. boosted its position in CyrusOne by 65.8% in the third quarter. Shinko Asset Management Co. Ltd. now owns 2,289,441 shares of the company’s stock valued at $108,909,000 after buying an additional 908,537 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in CyrusOne by 3.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,102,296 shares of the company’s stock valued at $117,014,000 after buying an additional 78,632 shares during the last quarter. APG Asset Management US Inc. boosted its position in CyrusOne by 11.3% in the third quarter. APG Asset Management US Inc. now owns 1,710,800 shares of the company’s stock valued at $81,383,000 after buying an additional 174,052 shares during the last quarter. State Street Corp boosted its position in CyrusOne by 9.2% in the first quarter. State Street Corp now owns 1,229,453 shares of the company’s stock valued at $56,123,000 after buying an additional 103,729 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in CyrusOne by 3,209.8% in the second quarter. Prudential Financial Inc. now owns 1,083,389 shares of the company’s stock valued at $60,302,000 after buying an additional 1,050,656 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

CyrusOne Inc. (NASDAQ:CONE) remained flat at $42.51 during mid-day trading on Thursday. The company has a 50 day moving average of $0.00 and a 200 day moving average of $0.00. CyrusOne Inc. has a 1-year low of $32.42 and a 1-year high of $57.00.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Monday, October 31st. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.62 by $0.05. CyrusOne had a return on equity of 1.78% and a net margin of 3.58%. The company had revenue of $143.80 million for the quarter, compared to analyst estimates of $136.21 million. During the same period last year, the company posted $0.57 earnings per share. The firm’s revenue was up 29.3% compared to the same quarter last year. On average, analysts predict that CyrusOne Inc. will post $2.61 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be paid a dividend of $0.38 per share. The ex-dividend date is Wednesday, December 28th. This represents a $1.52 annualized dividend and a dividend yield of 3.58%. CyrusOne’s dividend payout ratio is presently 723.84%.

CONE has been the subject of several analyst reports. Bank of America Corp. set a $58.00 target price on CyrusOne and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Barclays PLC raised CyrusOne from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $50.00 to $57.00 in a research report on Thursday, August 18th. Zacks Investment Research raised CyrusOne from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 1st. Deutsche Bank AG reaffirmed a “buy” rating and set a $59.00 price objective (up from $57.00) on shares of CyrusOne in a research report on Tuesday, November 1st. Finally, Jefferies Group upped their price objective on CyrusOne from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Two 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 company’s stock. The stock has a consensus rating of “Buy” and an average target price of $56.55.

About CyrusOne

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 the CyrusOne footprint and beyond.

Related posts

Leave a Comment