Mainstay Capital Management LLC ADV purchased a new position 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 fund purchased 2,576 shares of the real estate investment trust’s stock, valued at approximately $204,000.
Several other institutional investors have also recently modified their holdings of CONE. Nuveen Asset Management LLC boosted its holdings in CyrusOne by 617.5% during the second quarter. Nuveen Asset Management LLC now owns 5,051,779 shares of the real estate investment trust’s stock worth $291,589,000 after buying an additional 4,347,725 shares in the last quarter. Cohen & Steers Inc. boosted its holdings in CyrusOne by 20.6% during the second quarter. Cohen & Steers Inc. now owns 14,063,823 shares of the real estate investment trust’s stock worth $811,764,000 after buying an additional 2,398,840 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of CyrusOne by 3.1% in the second quarter. Vanguard Group Inc. now owns 16,216,705 shares of the real estate investment trust’s stock valued at $936,029,000 after purchasing an additional 482,530 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of CyrusOne in the second quarter valued at about $27,012,000. Finally, Duff & Phelps Investment Management Co. lifted its holdings in shares of CyrusOne by 25.6% in the second quarter. Duff & Phelps Investment Management Co. now owns 1,159,252 shares of the real estate investment trust’s stock valued at $66,912,000 after purchasing an additional 236,583 shares in the last quarter.
Shares of CONE traded up $0.14 on Thursday, hitting $76.24. 8,033 shares of the stock traded hands, compared to its average volume of 976,851. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $8.55 billion, a P/E ratio of 23.08, a P/E/G ratio of 1.41 and a beta of 0.53. The stock’s 50 day moving average is $75.48 and its two-hundred day moving average is $63.82. CyrusOne Inc has a 1 year low of $48.94 and a 1 year high of $79.73.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.09. The business had revenue of $251.50 million for the quarter, compared to the consensus estimate of $238.01 million. CyrusOne had a negative net margin of 7.44% and a negative return on equity of 2.45%. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Research analysts forecast that CyrusOne Inc will post 3.55 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a dividend of $0.50 per share. This is an increase from CyrusOne’s previous quarterly dividend of $0.46. The ex-dividend date was Thursday, September 26th. This represents a $2.00 annualized dividend and a dividend yield of 2.62%. CyrusOne’s dividend payout ratio is presently 60.42%.
CONE has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “buy” rating on shares of CyrusOne in a report on Friday, August 16th. BMO Capital Markets reaffirmed a “buy” rating and issued a $66.00 price target on shares of CyrusOne in a report on Monday, August 5th. Morgan Stanley upped their price target on shares of CyrusOne from $68.00 to $78.50 and gave the company an “overweight” rating in a report on Thursday, September 19th. ValuEngine downgraded shares of CyrusOne from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded shares of CyrusOne from a “buy” rating to a “hold” rating in a report on Tuesday. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $69.13.
CyrusOne Company Profile
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including 212 Fortune 1000 companies.
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