Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of CyrusOne Inc. (NASDAQ:CONE) by 35.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,358 shares of the company’s stock after buying an additional 4,838 shares during the period. Mizuho Trust & Banking Co. Ltd.’s holdings in CyrusOne were worth $873,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new position in shares of CyrusOne during the second quarter valued at about $440,000. Adams Diversified Equity Fund Inc. purchased a new position in shares of CyrusOne during the second quarter valued at about $579,000. Shinko Asset Management Co. Ltd. increased its position in shares of CyrusOne by 1,811.5% in the second quarter. Shinko Asset Management Co. Ltd. now owns 1,380,904 shares of the company’s stock valued at $76,861,000 after buying an additional 1,308,661 shares during the period. IBM Retirement Fund purchased a new position in shares of CyrusOne during the second quarter valued at about $397,000. Finally, 1st Global Advisors Inc. increased its position in shares of CyrusOne by 0.7% in the second quarter. 1st Global Advisors Inc. now owns 7,202 shares of the company’s stock valued at $401,000 after buying an additional 53 shares during the period. 91.77% of the stock is owned by institutional investors.
CyrusOne Inc. (NASDAQ:CONE) traded up 1.74% during mid-day trading on Friday, reaching $43.25. The company’s stock had a trading volume of 466,943 shares. The stock’s 50 day moving average is $0.00 and its 200 day moving average is $0.00. CyrusOne Inc. has a 12 month low of $32.42 and a 12 month high of $57.00.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings results on Monday, October 31st. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.05. The business had revenue of $143.80 million for the quarter, compared to analysts’ expectations of $136.21 million. CyrusOne had a return on equity of 1.78% and a net margin of 3.58%. The firm’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.57 earnings per share. Analysts anticipate that CyrusOne Inc. will post $2.61 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Wednesday, December 28th. CyrusOne’s dividend payout ratio is 723.84%.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of CyrusOne from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Wednesday, August 3rd. Barclays PLC raised shares of 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 report on Thursday, August 18th. Jefferies Group upped their price objective on shares of CyrusOne from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Bank of America Corp. set a $58.00 price objective on shares of CyrusOne and gave the stock a “buy” rating in a report on Wednesday, August 10th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $59.00 price objective (up previously from $57.00) on shares of CyrusOne in a report on Tuesday, November 1st. Two 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 currently has an average rating of “Buy” and an average price target 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.