Bronfman E.L. Rothschild L.P. Has $295,000 Stake in CyrusOne Inc (CONE)
Bronfman E.L. Rothschild L.P. lifted its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 81.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,012 shares of the real estate investment trust’s stock after acquiring an additional 2,246 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in CyrusOne were worth $295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of CONE. IFP Advisors Inc increased its holdings in CyrusOne by 232.6% in the third quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 1,198 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in CyrusOne by 3,032.8% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,850 shares in the last quarter. Almanack Investment Partners LLC. bought a new stake in CyrusOne in the second quarter worth approximately $124,000. PNC Financial Services Group Inc. increased its holdings in CyrusOne by 20.5% in 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 purchasing an additional 388 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in CyrusOne by 21.6% in 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 in the last quarter. Institutional investors own 95.14% of the company’s stock.
CyrusOne Inc (CONE) opened at $61.57 on Friday. The stock has a market capitalization of $5,621.90, a P/E ratio of 20.80, a P/E/G ratio of 1.10 and a beta of 0.81. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.56. CyrusOne Inc has a 1 year low of $40.48 and a 1 year high of $65.73.
CyrusOne (NASDAQ:CONE) last announced its earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($1.37). The company had revenue of $175.30 million for the quarter, compared to analysts’ expectations of $177.62 million. CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.23%. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. research analysts forecast that CyrusOne Inc will post 3.09 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a $0.42 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.68 annualized dividend and a yield of 2.73%. CyrusOne’s dividend payout ratio is currently -173.19%.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total value of $812,700.00. Following the transaction, the insider now owns 214,063 shares of the company’s stock, valued at $12,886,592.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.64% of the stock is currently owned by insiders.
A number of equities research analysts have weighed in on CONE shares. Deutsche Bank AG reiterated a “buy” rating and issued a $71.00 target price on shares of CyrusOne in a report on Friday, November 10th. Morgan Stanley reiterated an “overweight” rating and issued a $63.00 target price (up from $58.00) on shares of CyrusOne in a report on Friday, August 25th. Zacks Investment Research downgraded CyrusOne from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub downgraded CyrusOne from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Finally, KeyCorp restated a “hold” rating on shares of CyrusOne in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $63.14.
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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