CyrusOne Inc. (CONE) to Issue Quarterly Dividend of $0.38 on October 14th
CyrusOne Inc. (NASDAQ:CONE) declared a quarterly dividend on Tuesday, August 2nd. Shareholders of record on Friday, September 30th will be paid a dividend of 0.38 per share on Friday, October 14th. This represents a $1.52 annualized dividend and a yield of 3.07%. The ex-dividend date is Wednesday, September 28th.
Hedge funds have recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. raised its stake in shares of CyrusOne by 3.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,102,296 shares of the company’s stock worth $117,014,000 after buying an additional 78,632 shares during the period. American Century Companies Inc. raised its stake in shares of CyrusOne by 394.5% in the second quarter. American Century Companies Inc. now owns 521,683 shares of the company’s stock worth $29,037,000 after buying an additional 416,191 shares during the period. Teachers Advisors Inc. raised its stake in shares of CyrusOne by 345.2% in the second quarter. Teachers Advisors Inc. now owns 469,714 shares of the company’s stock worth $26,144,000 after buying an additional 364,198 shares during the period. State of Wisconsin Investment Board raised its stake in shares of CyrusOne by 11.9% in the second quarter. State of Wisconsin Investment Board now owns 450,524 shares of the company’s stock worth $25,076,000 after buying an additional 47,920 shares during the period. Finally, BlackRock Group LTD raised its stake in shares of CyrusOne by 8.1% in the second quarter. BlackRock Group LTD now owns 395,825 shares of the company’s stock worth $22,032,000 after buying an additional 29,580 shares during the period. Institutional investors own 87.75% of the company’s stock.
CONE has been the topic of several recent research reports. Jefferies Group reiterated a “buy” rating and set a $57.00 target price on shares of CyrusOne in a report on Wednesday, July 6th. Royal Bank Of Canada reiterated a “buy” rating on shares of CyrusOne in a report on Monday, July 11th. Deutsche Bank AG reiterated a “buy” rating and set a $59.00 target price (up from $55.00) on shares of CyrusOne in a report on Monday, July 18th. SunTrust Banks Inc. initiated coverage on shares of CyrusOne in a report on Thursday, July 21st. They set a “buy” rating and a $63.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of CyrusOne from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Wednesday, August 3rd. Two investment 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 stock. The stock currently has an average rating of “Buy” and an average target price of $55.67.
CyrusOne (NASDAQ:CONE) opened at 49.48 on Friday. CyrusOne has a 52-week low of $31.10 and a 52-week high of $57.00. The firm’s 50-day moving average is $50.43 and its 200-day moving average is $48.95. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 419.32 and a beta of 0.79.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.08. The company had revenue of $130.10 million for the quarter, compared to analyst estimates of $125.94 million. CyrusOne had a net margin of 1.93% and a return on equity of 0.98%. The business’s revenue for the quarter was up 46.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. Analysts predict that CyrusOne will post $2.57 earnings per share for the current year.
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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