QS Investors LLC Maintains Holdings in CyrusOne Inc (CONE)
QS Investors LLC maintained its stake in CyrusOne Inc (NASDAQ:CONE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,508 shares of the real estate investment trust’s stock at the close of the second quarter. QS Investors LLC’s holdings in CyrusOne were worth $251,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Eagle Asset Management Inc. grew its stake 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 valued at $16,973,000 after acquiring an additional 12,507 shares during the period. Schwab Charles Investment Management Inc. grew its stake 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 valued at $18,147,000 after acquiring an additional 40,044 shares during the period. Alliancebernstein L.P. grew its stake in shares of CyrusOne by 3.8% during the 1st quarter. Alliancebernstein L.P. now owns 67,319 shares of the real estate investment trust’s stock valued at $3,465,000 after acquiring an additional 2,494 shares during the period. Comerica Bank grew its stake in shares of CyrusOne by 6.8% during the 2nd quarter. Comerica Bank now owns 61,986 shares of the real estate investment trust’s stock valued at $3,626,000 after acquiring an additional 3,932 shares during the period. Finally, Utah Retirement Systems grew its stake in shares of CyrusOne by 16.9% during the 2nd quarter. Utah Retirement Systems now owns 16,246 shares of the real estate investment trust’s stock valued at $905,000 after acquiring an additional 2,346 shares during the period. Institutional investors own 96.47% of the company’s stock.
In other CyrusOne news, EVP Robert M. Jackson sold 1,890 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $59.00, for a total value of $111,510.00. Following the sale, the executive vice president now directly owns 24,296 shares of the company’s stock, valued at $1,433,464. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.64% of the stock is currently owned by company insiders.
A number of research analysts recently issued reports on the company. BidaskClub downgraded CyrusOne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Stifel Nicolaus reiterated a “buy” rating and set a $66.00 price objective (up from $65.00) on shares of CyrusOne in a research note on Wednesday, August 9th. Jefferies Group LLC reiterated a “buy” rating and set a $69.00 price objective on shares of CyrusOne in a research note on Monday, August 14th. Zacks Investment Research downgraded CyrusOne from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $64.00 price objective (up from $62.00) on shares of CyrusOne in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $60.77.
CyrusOne Inc (NASDAQ CONE) opened at 61.89 on Friday. CyrusOne Inc has a 1-year low of $38.80 and a 1-year high of $65.73. The firm has a 50-day moving average price of $61.25 and a 200 day moving average price of $57.87. The company’s market capitalization is $5.45 billion.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The company had revenue of $166.90 million for the quarter, compared to analyst estimates of $165.71 million. During the same period last year, the company earned $0.67 earnings per share. CyrusOne’s quarterly revenue was up 28.3% compared to the same quarter last year. On average, equities analysts predict that CyrusOne Inc will post ($0.24) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.71%. The ex-dividend date was Thursday, September 28th. CyrusOne’s payout ratio is currently -541.92%.
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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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