Pacer Advisors Inc. boosted its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 17.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,208 shares of the company’s stock after buying an additional 1,335 shares during the period. Pacer Advisors Inc.’s holdings in CyrusOne were worth $438,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado increased its position in shares of CyrusOne by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 2,277 shares of the company’s stock valued at $108,000 after buying an additional 8 shares during the period. Daiwa Securities Group Inc. increased its position in shares of CyrusOne by 7.7% in the third quarter. Daiwa Securities Group Inc. now owns 2,800 shares of the company’s stock valued at $133,000 after buying an additional 200 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in shares of CyrusOne by 0.6% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 3,495 shares of the company’s stock valued at $166,000 after buying an additional 20 shares during the period. BlackRock Japan Co. Ltd increased its position in shares of CyrusOne by 0.6% in the third quarter. BlackRock Japan Co. Ltd now owns 3,662 shares of the company’s stock valued at $174,000 after buying an additional 21 shares during the period. Finally, Advisor Group Inc. purchased a new position in shares of CyrusOne during the second quarter valued at $180,000. Institutional investors and hedge funds own 96.22% of the company’s stock.
Shares of CyrusOne Inc (NASDAQ:CONE) traded up 0.62% during mid-day trading on Wednesday, hitting $48.93. 1,204,782 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $45.37 and a 200-day moving average price of $48.01. CyrusOne Inc has a 52 week low of $32.66 and a 52 week high of $57.00.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Monday, October 31st. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.05. CyrusOne had a net margin of 3.58% and a return on equity of 1.78%. The company had revenue of $143.80 million for the quarter, compared to analyst estimates of $136.21 million. During the same quarter last year, the firm posted $0.57 earnings per share. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. Analysts predict that CyrusOne Inc will post $0.27 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were paid a $0.38 dividend. The ex-dividend date was Wednesday, December 28th. This represents a $1.52 annualized dividend and a dividend yield of 3.11%. CyrusOne’s payout ratio is 723.84%.
A number of research firms have commented on CONE. Zacks Investment Research downgraded shares of CyrusOne from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 19th. Deutsche Bank AG reiterated a “buy” rating and set a $59.00 price objective (up from $57.00) on shares of CyrusOne in a research note on Tuesday, November 1st. Jefferies Group set a $55.00 price objective on shares of CyrusOne and gave the company a “buy” rating in a research note on Friday, November 25th. Finally, Guggenheim began coverage on shares of CyrusOne in a research note on Thursday, December 1st. They set a “buy” rating and a $50.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $55.33.
In other news, insider Venkatesh S. Durvasula sold 6,737 shares of the firm’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $44.51, for a total value of $299,863.87. Following the sale, the insider now owns 283,081 shares in the company, valued at $12,599,935.31. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.20% of the stock is currently owned by insiders.
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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