CyrusOne Inc. (CONE) Position Increased by Emerald Advisers Inc. PA
Emerald Advisers Inc. PA raised its position in shares of CyrusOne Inc. (NASDAQ:CONE) by 1,334.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 368,232 shares of the company’s stock after buying an additional 342,566 shares during the period. CyrusOne makes up about 1.0% of Emerald Advisers Inc. PA’s holdings, making the stock its 25th largest position. Emerald Advisers Inc. PA owned 0.51% of CyrusOne worth $20,496,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the stock. Springbok Capital Management LLC acquired a new position in shares of CyrusOne during the first quarter worth about $103,000. BlackRock Japan Co. Ltd raised its stake in CyrusOne by 4.4% in the first quarter. BlackRock Japan Co. Ltd now owns 3,647 shares of the company’s stock valued at $166,000 after buying an additional 153 shares in the last quarter. Concorde Asset Management LLC purchased a new stake in CyrusOne during the second quarter valued at about $237,000. M&T Bank Corp purchased a new stake in CyrusOne during the first quarter valued at about $263,000. Finally, Nisa Investment Advisors LLC raised its stake in CyrusOne by 733.3% in the second quarter. Nisa Investment Advisors LLC now owns 5,000 shares of the company’s stock valued at $278,000 after buying an additional 4,400 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors.
CyrusOne Inc. (NASDAQ:CONE) traded down 1.54% on Tuesday, hitting $46.08. The stock had a trading volume of 786,336 shares. The firm has a market cap of $3.61 billion, a P/E ratio of 390.51 and a beta of 0.81. CyrusOne Inc. has a 1-year low of $32.42 and a 1-year high of $57.00. The firm’s 50-day moving average price is $49.76 and its 200-day moving average price is $49.49.
CyrusOne (NASDAQ:CONE) last released its earnings results on Monday, August 1st. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.08. The firm had revenue of $130.10 million for the quarter, compared to analyst estimates of $125.94 million. CyrusOne had a return on equity of 0.98% and a net margin of 1.93%. The company’s revenue was up 46.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. On average, equities research analysts predict that CyrusOne Inc. will post $2.57 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.38 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.25%. CyrusOne’s dividend payout ratio is currently 1,900.00%.
Several research firms recently issued reports on CONE. Zacks Investment Research raised CyrusOne from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Wednesday, August 3rd. Deutsche Bank AG reissued a “buy” rating and set a $59.00 price target (up from $55.00) on shares of CyrusOne in a research report on Monday, July 18th. Jefferies Group reissued a “buy” rating and set a $57.00 price target on shares of CyrusOne in a research report on Wednesday, July 6th. Morgan Stanley reissued an “overweight” rating on shares of CyrusOne in a research report on Sunday, July 24th. Finally, Citigroup Inc. upped their price target on CyrusOne from $47.50 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $55.67.
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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