Virginia Retirement Systems ET AL bought a new position in shares of CyrusOne Inc. (NASDAQ:CONE) during the second quarter, Holdings Channel reports. The fund bought 13,000 shares of the company’s stock, valued at approximately $724,000.
Several other large investors have also made changes to their positions in CONE. Springbok Capital Management LLC acquired a new stake in shares of CyrusOne during the first quarter worth about $103,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CyrusOne by 37.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,984 shares of the company’s stock valued at $110,000 after buying an additional 538 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in CyrusOne during the second quarter valued at $126,000. FineMark National Bank & Trust boosted its stake in CyrusOne by 434.4% in the second quarter. FineMark National Bank & Trust now owns 2,918 shares of the company’s stock valued at $164,000 after buying an additional 2,372 shares in the last quarter. Finally, BlackRock Japan Co. Ltd boosted its stake in CyrusOne by 4.4% in the first quarter. BlackRock Japan Co. Ltd now owns 3,647 shares of the company’s stock valued at $166,000 after buying an additional 153 shares in the last quarter. 87.75% of the stock is owned by institutional investors.
Shares of CyrusOne Inc. (NASDAQ:CONE) opened at 46.80 on Tuesday. The firm’s 50-day moving average is $49.76 and its 200-day moving average is $49.49. The firm has a market cap of $3.66 billion, a P/E ratio of 396.61 and a beta of 0.81. CyrusOne Inc. has a 52-week low of $32.42 and a 52-week high of $57.00.
CyrusOne (NASDAQ:CONE) last posted its earnings results on Monday, August 1st. The company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.08. The business earned $130.10 million during the quarter, compared to analyst estimates of $125.94 million. CyrusOne had a return on equity of 0.98% and a net margin of 1.93%. The company’s quarterly revenue was up 46.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. Analysts anticipate that CyrusOne Inc. will post $2.57 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Wednesday, September 28th. CyrusOne’s payout ratio is presently 1,900.00%.
Several equities research analysts recently weighed in on CONE shares. Jefferies Group reaffirmed a “buy” rating and set a $57.00 price objective on shares of CyrusOne in a research report on Wednesday, July 6th. Citigroup Inc. upped their price objective on shares of CyrusOne from $47.50 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of CyrusOne in a research report on Monday, July 11th. Zacks Investment Research cut shares of CyrusOne from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 12th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $59.00 price objective (up previously from $55.00) on shares of CyrusOne in a research report on Monday, July 18th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average 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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