4,964 Shares in CyrusOne Inc (CONE) Acquired by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. bought a new stake in CyrusOne Inc (NASDAQ:CONE) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 4,964 shares of the real estate investment trust’s stock, valued at approximately $315,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. raised its position in shares of CyrusOne by 16.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 22,950 shares of the real estate investment trust’s stock valued at $1,456,000 after acquiring an additional 3,205 shares during the period. Russell Investments Group Ltd. raised its position in shares of CyrusOne by 40.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 540,507 shares of the real estate investment trust’s stock valued at $34,017,000 after acquiring an additional 156,469 shares during the period. First Trust Advisors LP raised its position in shares of CyrusOne by 341.8% in the 3rd quarter. First Trust Advisors LP now owns 77,004 shares of the real estate investment trust’s stock valued at $4,882,000 after acquiring an additional 59,573 shares during the period. IFP Advisors Inc raised its position in shares of CyrusOne by 95.8% in the 3rd quarter. IFP Advisors Inc now owns 1,982 shares of the real estate investment trust’s stock valued at $126,000 after acquiring an additional 970 shares during the period. Finally, Ingalls & Snyder LLC raised its position in shares of CyrusOne by 10.5% in the 3rd quarter. Ingalls & Snyder LLC now owns 49,130 shares of the real estate investment trust’s stock valued at $3,115,000 after acquiring an additional 4,660 shares during the period. 91.78% of the stock is currently owned by institutional investors.

Several analysts have commented on the stock. BidaskClub downgraded shares of CyrusOne from a “buy” rating to a “hold” rating in a report on Friday, October 5th. ValuEngine upgraded shares of CyrusOne from a “hold” rating to a “buy” rating in a report on Friday, September 14th. BMO Capital Markets restated a “buy” rating and set a $74.00 target price on shares of CyrusOne in a report on Tuesday, October 30th. Bank of America raised their target price on shares of CyrusOne from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, July 13th. Finally, Jefferies Financial Group raised their target price on shares of CyrusOne from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, August 28th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $67.81.

In other news, insider Kevin L. Timmons sold 7,374 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $67.16, for a total transaction of $495,237.84. Following the completion of the transaction, the insider now directly owns 179,490 shares of the company’s stock, valued at approximately $12,054,548.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary J. Wojtaszek sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $66.50, for a total transaction of $665,000.00. Following the transaction, the insider now directly owns 519,936 shares of the company’s stock, valued at $34,575,744. The disclosure for this sale can be found here. 1.64% of the stock is owned by company insiders.

Shares of CONE stock opened at $55.13 on Thursday. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 1.12 and a beta of 1.05. CyrusOne Inc has a 52 week low of $43.49 and a 52 week high of $69.01. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.64 and a current ratio of 0.64.

CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the consensus estimate of $0.80 by ($1.23). The business had revenue of $206.60 million for the quarter, compared to the consensus estimate of $209.33 million. CyrusOne had a return on equity of 5.68% and a net margin of 14.07%. CyrusOne’s revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 earnings per share. On average, analysts forecast that CyrusOne Inc will post 3.27 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Wednesday, January 2nd will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $1.84 annualized dividend and a dividend yield of 3.34%. CyrusOne’s dividend payout ratio is currently 58.97%.

COPYRIGHT VIOLATION WARNING: “4,964 Shares in CyrusOne Inc (CONE) Acquired by NN Investment Partners Holdings N.V.” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://www.com-unik.info/2018/11/08/4964-shares-in-cyrusone-inc-cone-acquired-by-nn-investment-partners-holdings-n-v.html.

About CyrusOne

CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including 200 Fortune 1000 companies.

Featured Story: How is the discount rate different from the Federal Funds rate?

Want to see what other hedge funds are holding CONE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CyrusOne Inc (NASDAQ:CONE).

Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

Receive News & Ratings for CyrusOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit