Pacer Advisors Inc. grew its position in shares of CyrusOne Inc. (NASDAQ:CONE) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 698,457 shares of the real estate investment trust’s stock after purchasing an additional 360 shares during the quarter. CyrusOne makes up 0.8% of Pacer Advisors Inc.’s holdings, making the stock its 15th biggest holding. Pacer Advisors Inc. owned approximately 0.58% of CyrusOne worth $47,300,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in CONE. Boston Partners acquired a new position in shares of CyrusOne in the fourth quarter worth approximately $110,967,000. Daiwa Securities Group Inc. grew its position in shares of CyrusOne by 36.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,699,111 shares of the real estate investment trust’s stock worth $343,740,000 after buying an additional 1,255,596 shares during the period. Norges Bank bought a new stake in shares of CyrusOne in the 4th quarter valued at $77,711,000. Morgan Stanley increased its stake in shares of CyrusOne by 55.3% in the 4th quarter. Morgan Stanley now owns 2,882,657 shares of the real estate investment trust’s stock valued at $210,865,000 after acquiring an additional 1,026,145 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of CyrusOne by 90.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,780,241 shares of the real estate investment trust’s stock valued at $130,224,000 after acquiring an additional 846,814 shares in the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of CyrusOne from a “hold” rating to a “sell” rating in a research note on Monday, February 1st. Mizuho lowered their price objective on shares of 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. Evercore ISI assumed coverage on shares of CyrusOne in a research note on Wednesday, March 17th. They issued an “in-line” rating and a $70.00 price objective for the company. Wolfe Research began coverage on shares of CyrusOne in a research note on Friday, March 19th. They issued a “market perform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of CyrusOne from $80.00 to $74.00 and set a “buy” rating for the company in a research report on Wednesday, February 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $80.80.
CONE traded up $0.88 during midday trading on Thursday, hitting $70.77. The stock had a trading volume of 5,613 shares, compared to its average volume of 763,627. The company has a market cap of $8.53 billion, a P/E ratio of -268.80, a price-to-earnings-growth ratio of 0.81 and a beta of 0.46. The business has a fifty day moving average of $67.13 and a 200 day moving average of $71.06. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.48 and a current ratio of 1.48. CyrusOne Inc. has a 1 year low of $61.64 and a 1 year high of $86.77.
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, topping 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%. On average, equities research analysts anticipate that CyrusOne Inc. will post 3.87 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 9th. Stockholders of record on Friday, March 26th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Thursday, March 25th. CyrusOne’s dividend payout ratio (DPR) is presently 56.20%.
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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