Highbridge Capital Management LLC Has $2.22 Million Stake in CyrusOne Inc (CONE)

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Highbridge Capital Management LLC lowered its position in CyrusOne Inc (NASDAQ:CONE) by 33.8% in the 3rd quarter, Holdings Channel reports. The firm owned 35,000 shares of the real estate investment trust’s stock after selling 17,858 shares during the period. Highbridge Capital Management LLC’s holdings in CyrusOne were worth $2,219,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CONE. BlackRock Inc. raised its holdings in shares of CyrusOne by 33.3% in the third quarter. BlackRock Inc. now owns 12,386,690 shares of the real estate investment trust’s stock valued at $785,315,000 after purchasing an additional 3,097,539 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of CyrusOne by 664.8% in the third quarter. Daiwa Securities Group Inc. now owns 2,469,880 shares of the real estate investment trust’s stock valued at $156,590,000 after purchasing an additional 2,146,941 shares during the last quarter. Cbre Clarion Securities LLC raised its holdings in shares of CyrusOne by 16.9% in the second quarter. Cbre Clarion Securities LLC now owns 3,889,685 shares of the real estate investment trust’s stock valued at $227,002,000 after purchasing an additional 560,940 shares during the last quarter. Nan Shan Life Insurance Co. Ltd. raised its holdings in shares of CyrusOne by 51.8% in the third quarter. Nan Shan Life Insurance Co. Ltd. now owns 1,607,334 shares of the real estate investment trust’s stock valued at $101,905,000 after purchasing an additional 548,138 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of CyrusOne by 42.2% in the second quarter. Janus Henderson Group PLC now owns 1,784,177 shares of the real estate investment trust’s stock valued at $104,121,000 after purchasing an additional 529,722 shares during the last quarter.

NASDAQ CONE opened at $57.43 on Friday. CyrusOne Inc has a 52-week low of $43.49 and a 52-week high of $69.01. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market cap of $6.17 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.17 and a beta of 1.05.

CyrusOne (NASDAQ:CONE) last posted its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($1.23). CyrusOne had a return on equity of 5.68% and a net margin of 14.07%. The company had revenue of $206.60 million for the quarter, compared to analysts’ expectations of $209.33 million. During the same quarter last year, the business posted $0.79 EPS. The business’s quarterly revenue was up 17.9% on a year-over-year basis. On average, equities research analysts anticipate that CyrusOne Inc will post 3.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Wednesday, January 2nd will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, December 31st. This represents a $1.84 dividend on an annualized basis and a yield of 3.20%. CyrusOne’s dividend payout ratio (DPR) is presently 58.97%.

Several brokerages have recently commented on CONE. BidaskClub upgraded shares of CyrusOne from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research upgraded shares of CyrusOne from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. BMO Capital Markets lowered their target price on shares of CyrusOne from $74.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, November 1st. Stifel Nicolaus set a $70.00 target price on shares of CyrusOne and gave the company a “buy” rating in a report on Thursday, November 1st. Finally, Jefferies Financial Group decreased their price objective on shares of CyrusOne from $75.00 to $66.00 and set a “buy” rating for the company in a report on Thursday, November 1st. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $67.43.

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About CyrusOne

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 200 Fortune 1000 companies.

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Want to see what other hedge funds are holding CONE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CyrusOne Inc (NASDAQ:CONE).

Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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