Todays Report: The CyrusOne Inc. (CONE) Position Held by Pensionfund Sabic

The CyrusOne Inc. (CONE) Position Held by Pensionfund Sabic

Pensionfund Sabic held its stake in shares of CyrusOne Inc. (NASDAQ:CONE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,200 shares of the company’s stock at the end of the third quarter. Pensionfund Sabic’s holdings in CyrusOne were worth $247,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CONE. 1st Global Advisors Inc. increased its position in CyrusOne by 0.7% in the second quarter. 1st Global Advisors Inc. now owns 7,202 shares of the company’s stock worth $401,000 after buying an additional 53 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in CyrusOne by 4.2% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,151 shares of the company’s stock worth $621,000 after buying an additional 446 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in CyrusOne by 37.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,984 shares of the company’s stock worth $110,000 after buying an additional 538 shares during the last quarter. Advisors Asset Management Inc. increased its position in CyrusOne by 3.9% in the second quarter. Advisors Asset Management Inc. now owns 17,319 shares of the company’s stock worth $964,000 after buying an additional 656 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in CyrusOne by 1.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 52,302 shares of the company’s stock worth $2,911,000 after buying an additional 684 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Shares of CyrusOne Inc. (NASDAQ:CONE) traded up 1.74% during trading on Friday, hitting $43.25. The stock had a trading volume of 466,943 shares. CyrusOne Inc. has a one year low of $32.42 and a one year high of $57.00. The firm’s 50-day moving average is $0.00 and its 200-day moving average is $0.00.

CyrusOne (NASDAQ:CONE) last announced its earnings results on Monday, October 31st. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $143.80 million for the quarter, compared to analyst estimates of $136.21 million. During the same period in the previous year, the company earned $0.57 earnings per share. The company’s revenue for the quarter was up 29.3% compared to the same quarter last year. Equities research analysts forecast 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 given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Wednesday, December 28th. CyrusOne’s payout ratio is 723.84%.

A number of brokerages recently issued reports on CONE. Zacks Investment Research raised CyrusOne from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Wednesday, August 3rd. Jefferies Group upped their target price on CyrusOne from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Bank of America Corp. set a $58.00 target price on CyrusOne and gave the company a “buy” rating in a research report on Wednesday, August 10th. Barclays PLC raised CyrusOne from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $50.00 to $57.00 in a research report on Thursday, August 18th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $59.00 target price (up from $57.00) on shares of CyrusOne in a research report on Tuesday, November 1st. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $55.82.

CyrusOne Company Profile

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.

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