Henderson Group PLC Cuts Stake in CyrusOne Inc. (CONE)
Henderson Group PLC lowered its stake in CyrusOne Inc. (NASDAQ:CONE) by 5.3% during the second quarter, Holdings Channel reports. The firm owned 168,294 shares of the company’s stock after selling 9,440 shares during the period. Henderson Group PLC’s holdings in CyrusOne were worth $9,365,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in CONE. Public Employees Retirement Association of Colorado acquired a new stake in shares of CyrusOne during the second quarter valued at about $126,000. Tealwood Asset Management Inc. acquired a new stake in shares of CyrusOne during the second quarter valued at about $4,580,000. Riggs Asset Managment Co. Inc. boosted its stake in shares of CyrusOne by 1.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 137,928 shares of the company’s stock valued at $7,677,000 after buying an additional 1,685 shares during the period. LMR Partners LLP acquired a new stake in shares of CyrusOne during the second quarter valued at about $2,177,000. Finally, Emerald Advisers Inc. PA boosted its stake in shares of CyrusOne by 1,334.7% in the second quarter. Emerald Advisers Inc. PA now owns 368,232 shares of the company’s stock valued at $20,496,000 after buying an additional 342,566 shares during the period. 87.74% of the stock is currently owned by institutional investors.
Shares of CyrusOne Inc. (NASDAQ:CONE) traded up 0.59% during mid-day trading on Monday, reaching $48.03. 1,467,331 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $48.71 and a 200 day moving average price of $49.61. CyrusOne Inc. has a 52 week low of $32.42 and a 52 week high of $57.00. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 407.03 and a beta of 0.81.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.08. The business had revenue of $130.10 million for 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 business’s revenue for the quarter was up 46.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share. Equities research analysts predict that CyrusOne Inc. will post $2.57 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Wednesday, September 28th. CyrusOne’s payout ratio is currently 1,900.00%.
Several brokerages have issued reports on CONE. Barclays PLC raised shares of CyrusOne from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $50.00 to $57.00 in a research note on Thursday, August 18th. Bank of America Corp. set a $58.00 price target on shares of CyrusOne and gave the company a “buy” rating in a research report on Wednesday, August 10th. Jefferies Group boosted their price target on shares of CyrusOne from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Zacks Investment Research cut shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Finally, Morgan Stanley reissued an “overweight” rating on shares of CyrusOne in a research report on Sunday, July 24th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $55.67.
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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