CyrusOne Inc (CONE) Shares Bought by Credit Suisse AG

Credit Suisse AG lifted its position in CyrusOne Inc (NASDAQ:CONE) by 105.9% in the 3rd quarter, Holdings Channel reports. The firm owned 285,505 shares of the real estate investment trust’s stock after purchasing an additional 146,830 shares during the quarter. Credit Suisse AG’s holdings in CyrusOne were worth $18,102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in CONE. Canada Pension Plan Investment Board grew its holdings in CyrusOne by 14.2% during the third quarter. Canada Pension Plan Investment Board now owns 16,900 shares of the real estate investment trust’s stock worth $1,071,000 after acquiring an additional 2,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CyrusOne by 45.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,943 shares of the real estate investment trust’s stock worth $2,723,000 after acquiring an additional 13,342 shares during the period. Rafferty Asset Management LLC grew its holdings in CyrusOne by 174.0% during the third quarter. Rafferty Asset Management LLC now owns 80,692 shares of the real estate investment trust’s stock worth $5,116,000 after acquiring an additional 51,241 shares during the period. Teachers Insurance & Annuity Association of America grew its holdings in CyrusOne by 4.8% during the third quarter. Teachers Insurance & Annuity Association of America now owns 132,289 shares of the real estate investment trust’s stock worth $8,387,000 after acquiring an additional 6,044 shares during the period. Finally, American International Group Inc. grew its holdings in CyrusOne by 1.0% during the third quarter. American International Group Inc. now owns 201,460 shares of the real estate investment trust’s stock worth $12,773,000 after acquiring an additional 2,000 shares during the period.

Shares of CONE opened at $57.59 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.22. CyrusOne Inc has a 12 month low of $43.49 and a 12 month high of $69.01. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Wednesday, January 2nd will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.19%. The ex-dividend date is Monday, December 31st. CyrusOne’s payout ratio is currently 58.97%.

Several research firms recently commented on CONE. Jefferies Financial Group raised their target price on CyrusOne from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, August 28th. BidaskClub raised CyrusOne from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 21st. BMO Capital Markets set a $74.00 target price on CyrusOne and gave the stock a “buy” rating in a report on Monday, August 27th. ValuEngine lowered CyrusOne from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Finally, Berenberg Bank began coverage on CyrusOne in a report on Thursday, September 20th. They set a “hold” rating and a $64.00 target price on the stock. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $67.43.

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CyrusOne Company Profile

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.

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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