Baird Financial Group Inc. boosted its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 22.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,622 shares of the real estate investment trust’s stock after buying an additional 27,394 shares during the quarter. Baird Financial Group Inc. owned approximately 0.14% of CyrusOne worth $9,580,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 worth $126,000 after acquiring an additional 970 shares in the last quarter. Quad Cities Investment Group LLC bought a new position in shares of CyrusOne in the 2nd quarter worth about $164,000. NumerixS Investment Technologies Inc bought a new position in shares of CyrusOne in the 2nd quarter worth about $179,000. CIBC Asset Management Inc bought a new position in shares of CyrusOne in the 2nd quarter worth about $204,000. Finally, First Hawaiian Bank bought a new position in shares of CyrusOne in the 3rd quarter worth about $215,000. 99.85% of the stock is currently owned by hedge funds and other institutional investors.
CONE has been the subject of several research analyst reports. BidaskClub lowered CyrusOne from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 27th. Wells Fargo & Co set a $66.00 price objective on CyrusOne and gave the stock a “buy” rating in a research report on Thursday, October 18th. Zacks Investment Research lowered CyrusOne from a “hold” rating to a “strong sell” rating in a research report on Monday, October 8th. Stifel Nicolaus set a $70.00 price objective on CyrusOne and gave the stock a “buy” rating in a research report on Thursday, November 1st. Finally, ValuEngine raised CyrusOne from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $67.43.
Shares of CyrusOne stock opened at $56.08 on Monday. CyrusOne Inc has a one year low of $43.49 and a one year high of $69.01. The stock has a market capitalization of $5.94 billion, a P/E ratio of 17.97, a PEG ratio of 1.12 and a beta of 1.05. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.64 and a quick ratio of 0.64.
CyrusOne (NASDAQ:CONE) last issued its earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($1.23). CyrusOne had a net margin of 14.07% and a return on equity of 5.68%. The firm had revenue of $206.60 million during the quarter, compared to the consensus estimate of $209.33 million. During the same period in the previous year, the firm earned $0.79 earnings per share. The business’s quarterly revenue was up 17.9% on a year-over-year basis. Analysts expect that CyrusOne Inc will post 3.27 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Wednesday, January 2nd will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Monday, December 31st. CyrusOne’s payout ratio is 58.97%.
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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