Deutsche Bank AG trimmed its holdings in CyrusOne Inc (NASDAQ:CONE) by 13.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 290,479 shares of the real estate investment trust’s stock after selling 43,966 shares during the period. Deutsche Bank AG’s holdings in CyrusOne were worth $17,288,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in CONE. SeaCrest Wealth Management LLC acquired a new stake in shares of CyrusOne in the fourth quarter valued at approximately $127,000. Pitcairn Co. acquired a new stake in shares of CyrusOne in the fourth quarter valued at approximately $203,000. Buckley Wealth Management LLC acquired a new stake in shares of CyrusOne in the fourth quarter valued at approximately $207,000. Cipher Capital LP acquired a new stake in shares of CyrusOne in the third quarter valued at approximately $221,000. Finally, CIBC World Markets Inc. acquired a new stake in shares of CyrusOne in the fourth quarter valued at approximately $248,000. Institutional investors own 99.50% of the company’s stock.
A number of research firms have recently weighed in on CONE. ValuEngine downgraded shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub upgraded shares of CyrusOne from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Zacks Investment Research downgraded shares of CyrusOne from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Credit Suisse Group set a $73.00 price target on shares of CyrusOne and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Barclays restated a “buy” rating and set a $69.00 price objective on shares of CyrusOne in a research report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $66.62.
CyrusOne Inc (NASDAQ CONE) opened at $49.98 on Monday. CyrusOne Inc has a 1 year low of $43.49 and a 1 year high of $65.73. The company has a market cap of $4,804.38, a P/E ratio of -52.61, a price-to-earnings-growth ratio of 0.90 and a beta of 0.83. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.95 and a current ratio of 0.95.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.78). CyrusOne had a negative net margin of 12.43% and a negative return on equity of 2.79%. The firm had revenue of $180.50 million for the quarter, compared to analyst estimates of $182.48 million. equities research analysts anticipate that CyrusOne Inc will post 3.24 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Wednesday, March 28th. This is a boost from CyrusOne’s previous quarterly dividend of $0.42. CyrusOne’s payout ratio is presently -176.84%.
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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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