Riggs Asset Managment Co. Inc. raised its position in shares of CyrusOne Inc. (NASDAQ:CONE) by 1.2% during the second quarter, Holdings Channel reports. The firm owned 137,928 shares of the company’s stock after buying an additional 1,685 shares during the period. CyrusOne comprises 4.0% of Riggs Asset Managment Co. Inc.’s portfolio, making the stock its 3rd largest position. Riggs Asset Managment Co. Inc.’s holdings in CyrusOne were worth $7,677,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in CyrusOne by 11.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,139,401 shares of the company’s stock worth $143,314,000 after buying an additional 327,309 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of CyrusOne by 7.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,023,664 shares of the company’s stock worth $92,380,000 after buying an additional 146,846 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of CyrusOne by 6.1% in the first quarter. BlackRock Fund Advisors now owns 1,783,018 shares of the company’s stock worth $81,395,000 after buying an additional 101,872 shares in the last quarter. Shinko Asset Management Co. Ltd. increased 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 in the last quarter. Finally, State Street Corp increased its stake in shares of CyrusOne by 9.2% in the first quarter. State Street Corp now owns 1,229,453 shares of the company’s stock worth $56,123,000 after buying an additional 103,729 shares in the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CyrusOne Inc. (NASDAQ:CONE) traded down 1.02% during trading on Friday, reaching $47.75. The company’s stock had a trading volume of 926,010 shares. The company has a market cap of $3.74 billion, a PE ratio of 404.66 and a beta of 0.81. The firm’s 50-day moving average is $48.79 and its 200 day moving average is $49.58. CyrusOne Inc. has a 52-week low of $32.42 and a 52-week high of $57.00.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.08. CyrusOne had a return on equity of 0.98% and a net margin of 1.93%. The firm had revenue of $130.10 million for the quarter, compared to the consensus estimate of $125.94 million. During the same quarter in the previous year, the business earned $0.51 earnings per share. The business’s revenue was up 46.0% compared to the same quarter last year. On average, equities research analysts predict that CyrusOne Inc. will post $2.57 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Wednesday, September 28th. CyrusOne’s payout ratio is 1,900.00%.
A number of analysts have commented on CONE shares. Jefferies Group reiterated a “buy” rating and issued a $57.00 price objective on shares of CyrusOne in a research report on Wednesday, July 6th. Zacks Investment Research downgraded CyrusOne from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 12th. Barclays PLC upgraded CyrusOne from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $50.00 to $57.00 in a research report on Thursday, August 18th. Royal Bank Of Canada reiterated a “buy” rating on shares of CyrusOne in a research report on Monday, July 11th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $59.00 price objective (up previously from $55.00) on shares of CyrusOne in a research report on Monday, July 18th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CyrusOne has an average rating of “Buy” and a consensus price target of $55.67.
CyrusOne Company Profile
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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