CyrusOne Inc (CONE) Position Boosted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC boosted its holdings in shares of CyrusOne Inc (NASDAQ:CONE) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,276 shares of the real estate investment trust’s stock after acquiring an additional 4,227 shares during the quarter. Mutual of America Capital Management LLC owned 0.08% of CyrusOne worth $5,660,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CONE. BlackRock Inc. boosted its holdings in CyrusOne by 33.3% during the 3rd quarter. BlackRock Inc. now owns 12,386,690 shares of the real estate investment trust’s stock valued at $785,315,000 after acquiring an additional 3,097,539 shares during the period. Daiwa Securities Group Inc. boosted its holdings in CyrusOne by 664.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,469,880 shares of the real estate investment trust’s stock valued at $156,590,000 after acquiring an additional 2,146,941 shares during the period. Cbre Clarion Securities LLC boosted its holdings in CyrusOne by 16.9% during the 2nd quarter. Cbre Clarion Securities LLC now owns 3,889,685 shares of the real estate investment trust’s stock valued at $227,002,000 after acquiring an additional 560,940 shares during the period. Nan Shan Life Insurance Co. Ltd. boosted its holdings in CyrusOne by 51.8% during the 3rd quarter. Nan Shan Life Insurance Co. Ltd. now owns 1,607,334 shares of the real estate investment trust’s stock valued at $101,905,000 after acquiring an additional 548,138 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in CyrusOne by 42.2% during the 2nd quarter. Janus Henderson Group PLC now owns 1,784,177 shares of the real estate investment trust’s stock valued at $104,121,000 after acquiring an additional 529,722 shares during the period.

A number of equities analysts recently issued reports on CONE shares. BidaskClub cut CyrusOne from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 27th. Wells Fargo & Co set a $66.00 price objective on CyrusOne and gave the company a “buy” rating in a report on Thursday, October 18th. Zacks Investment Research cut CyrusOne from a “hold” rating to a “strong sell” rating in a report on Monday, October 8th. Stifel Nicolaus set a $70.00 target price on CyrusOne and gave the stock a “buy” rating in a report on Thursday, November 1st. Finally, ValuEngine upgraded CyrusOne from a “hold” rating to a “buy” rating in a report on Friday, September 14th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. CyrusOne has a consensus rating of “Buy” and a consensus price target of $67.43.

Shares of CONE stock opened at $57.43 on Friday. CyrusOne Inc has a twelve month low of $43.49 and a twelve month high of $69.01. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.17 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 released its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.43) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($1.23). The company had revenue of $206.60 million during 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%. The company’s revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. As a group, equities analysts forecast that CyrusOne Inc will post 3.27 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Wednesday, January 2nd will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Monday, December 31st. CyrusOne’s payout ratio is 58.97%.

COPYRIGHT VIOLATION WARNING: This story was originally published by American Banking News and is the property of of American Banking News. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://www.americanbankingnews.com/2018/12/08/cyrusone-inc-cone-position-boosted-by-mutual-of-america-capital-management-llc.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 Article: Depreciation

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.

Leave a Reply