Pensionfund Sabic Raises Stake in CyrusOne Inc. (NASDAQ:CONE)


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Pensionfund Sabic boosted its position in CyrusOne Inc. (NASDAQ:CONE) by 4.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,400 shares of the real estate investment trust’s stock after buying an additional 1,000 shares during the period. Pensionfund Sabic’s holdings in CyrusOne were worth $1,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Alliance boosted its position in CyrusOne by 28.1% in the 3rd quarter. Wealth Alliance now owns 6,014 shares of the real estate investment trust’s stock worth $421,000 after purchasing an additional 1,319 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in CyrusOne in the 3rd quarter worth approximately $782,000. Nuveen Asset Management LLC boosted its position in CyrusOne by 19.3% in the 3rd quarter. Nuveen Asset Management LLC now owns 3,121,464 shares of the real estate investment trust’s stock worth $218,597,000 after purchasing an additional 504,713 shares in the last quarter. State of Tennessee Treasury Department boosted its position in CyrusOne by 11.9% in the 3rd quarter. State of Tennessee Treasury Department now owns 94,252 shares of the real estate investment trust’s stock worth $6,600,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in CyrusOne in the 3rd quarter worth approximately $995,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

NASDAQ CONE opened at $69.89 on Thursday. The business has a fifty day moving average price of $67.13 and a 200 day moving average price of $71.06. CyrusOne Inc. has a one year low of $61.64 and a one year high of $86.77. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market cap of $8.42 billion, a P/E ratio of -268.80, a P/E/G ratio of 0.81 and a beta of 0.46.

CyrusOne (NASDAQ:CONE) last issued its earnings results on Tuesday, February 16th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.16. CyrusOne had a positive return on equity of 1.23% and a negative net margin of 2.91%. As a group, sell-side analysts predict that CyrusOne Inc. will post 3.87 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 9th. Shareholders of record on Friday, March 26th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, March 25th. CyrusOne’s payout ratio is currently 56.20%.

Several research analysts have recently weighed in on the company. Evercore ISI assumed coverage on CyrusOne in a research note on Wednesday, March 17th. They set an “in-line” rating and a $70.00 target price for the company. Mizuho reduced their target price on CyrusOne from $74.00 to $70.00 and set a “neutral” rating for the company in a research note on Friday, March 12th. They noted that the move was a valuation call. TD Securities reduced their target price on CyrusOne from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Friday, February 19th. Deutsche Bank Aktiengesellschaft reduced their target price on CyrusOne from $80.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday, February 24th. Finally, Zacks Investment Research downgraded CyrusOne from a “hold” rating to a “sell” rating in a research note on Monday, February 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $80.80.

CyrusOne Company Profile

CyrusOne (NASDAQ: CONE) is a premier global REIT specializing in design, construction and operation of more than 50 high-performance data centers worldwide. The Company provides mission-critical facilities that ensure the continued operation of IT infrastructure for approximately 1,000 customers, including approximately 200 Fortune 1000 companies.

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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