Janus Henderson Group PLC Has $46.83 Million Stake in CyrusOne Inc (CONE)
Janus Henderson Group PLC lifted its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 971.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 839,934 shares of the real estate investment trust’s stock after acquiring an additional 761,568 shares during the quarter. Janus Henderson Group PLC’s holdings in CyrusOne were worth $46,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of CyrusOne by 20.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 388 shares during the last quarter. Almanack Investment Partners LLC. acquired a new stake in CyrusOne during the second quarter worth approximately $124,000. Public Employees Retirement Association of Colorado grew its stake in CyrusOne by 21.6% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 484 shares during the period. Perigon Wealth Management LLC grew its stake in CyrusOne by 941.7% during the first quarter. Perigon Wealth Management LLC now owns 3,125 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 2,825 shares during the period. Finally, Janney Capital Management LLC acquired a new stake in CyrusOne during the second quarter worth approximately $210,000. Institutional investors own 96.48% of the company’s stock.
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CONE has been the subject of several recent analyst reports. Cowen and Company raised their target price on CyrusOne from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, June 23rd. BidaskClub cut CyrusOne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Credit Suisse Group initiated coverage on CyrusOne in a research note on Friday, June 30th. They set an “outperform” rating and a $73.00 target price for the company. Macquarie reaffirmed an “outperform” rating and set a $58.00 target price on shares of CyrusOne in a research note on Tuesday, July 4th. Finally, Zacks Investment Research raised CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $60.77.
In other CyrusOne news, EVP Robert M. Jackson sold 1,890 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $59.00, for a total transaction of $111,510.00. Following the sale, the executive vice president now directly owns 24,296 shares in the company, valued at approximately $1,433,464. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.64% of the company’s stock.
CyrusOne Inc (NASDAQ:CONE) opened at 61.78 on Friday. The company’s 50 day moving average price is $61.37 and its 200 day moving average price is $57.55. The stock’s market cap is $5.44 billion. CyrusOne Inc has a 12 month low of $38.80 and a 12 month high of $65.73.
CyrusOne (NASDAQ:CONE) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The business had revenue of $166.90 million for the quarter, compared to the consensus estimate of $165.71 million. During the same period last year, the business posted $0.67 EPS. The company’s revenue was up 28.3% compared to the same quarter last year. Equities analysts forecast that CyrusOne Inc will post ($0.24) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a dividend of $0.42 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.68 annualized dividend and a yield of 2.72%. CyrusOne’s dividend payout ratio is -541.92%.
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 its footprint and beyond.
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