UBS Asset Management Americas Inc. boosted its position in shares of CyrusOne Inc. (NASDAQ:CONE) by 42.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 61,480 shares of the company’s stock after buying an additional 18,434 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.08% of CyrusOne worth $3,422,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. Shinko Asset Management Co. Ltd. boosted its stake 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 worth $76,861,000 after buying an additional 1,308,661 shares during the last quarter. Miles Capital Inc. boosted its stake in shares of CyrusOne by 0.5% in the first quarter. Miles Capital Inc. now owns 7,311 shares of the company’s stock worth $334,000 after buying an additional 34 shares during the last quarter. Heitman Real Estate Securities LLC purchased a new stake in shares of CyrusOne during the first quarter worth about $35,686,000. Insight Capital Research & Management Inc. purchased a new stake in shares of CyrusOne during the first quarter worth about $6,640,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of CyrusOne by 33.0% in the second quarter. BNP Paribas Arbitrage SA now owns 17,480 shares of the company’s stock worth $973,000 after buying an additional 4,340 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors.
CyrusOne Inc. (NASDAQ:CONE) traded down 1.91% during mid-day trading on Monday, hitting $46.66. 456,273 shares of the company traded hands. The firm has a 50 day moving average of $49.91 and a 200 day moving average of $49.32. The firm has a market capitalization of $3.65 billion, a P/E ratio of 395.42 and a beta of 0.81. CyrusOne Inc. has a one year low of $32.42 and a one year high of $57.00.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Monday, August 1st. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.08. CyrusOne had a net margin of 1.93% and a return on equity of 0.98%. The business had revenue of $130.10 million for the quarter, compared to analysts’ expectations of $125.94 million. During the same period in the previous year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 46.0% compared to the same quarter last year. Equities research analysts expect that CyrusOne Inc. will post $2.57 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Wednesday, September 28th. CyrusOne’s dividend payout ratio (DPR) is presently 1,900.00%.
CONE has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of CyrusOne from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 12th. Jefferies Group reaffirmed a “buy” rating and issued a $57.00 target price on shares of CyrusOne in a report on Wednesday, July 6th. Barclays PLC raised shares of CyrusOne from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $50.00 to $57.00 in a report on Thursday, August 18th. Deutsche Bank AG reissued a “buy” rating and issued a $59.00 price target (up from $55.00) on shares of CyrusOne in a report on Monday, July 18th. Finally, Citigroup Inc. increased their price target on shares of CyrusOne from $47.50 to $54.00 and gave the company a “neutral” rating in a 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 given a strong buy rating to the stock. CyrusOne currently has a consensus rating of “Buy” and a consensus target price 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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