Highbridge Capital Management LLC reduced its holdings in CyrusOne Inc (NASDAQ:CONE) by 33.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 35,000 shares of the real estate investment trust’s stock after selling 17,858 shares during the quarter. Highbridge Capital Management LLC’s holdings in CyrusOne were worth $2,219,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc increased its position in 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. Quad Cities Investment Group LLC acquired a new position in CyrusOne in the 2nd quarter valued at approximately $164,000. NumerixS Investment Technologies Inc acquired a new position in CyrusOne in the 2nd quarter valued at approximately $179,000. First Hawaiian Bank bought a new stake in shares of CyrusOne in the 3rd quarter valued at $215,000. Finally, CIBC Asset Management Inc bought a new stake in shares of CyrusOne in the 2nd quarter valued at $204,000.
CONE has been the topic of a number of analyst reports. BidaskClub lowered shares of CyrusOne from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. ValuEngine raised shares of CyrusOne from a “hold” rating to a “buy” rating in a research note on Friday, September 14th. BMO Capital Markets reaffirmed a “buy” rating and issued a $74.00 price objective on shares of CyrusOne in a research note on Tuesday, October 30th. Jefferies Financial Group upped their price objective on shares of CyrusOne from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, August 28th. Finally, Stifel Nicolaus set a $70.00 price objective on shares of CyrusOne and gave the company a “buy” rating in a research note on Thursday, November 1st. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $67.43.
NASDAQ:CONE opened at $57.43 on Friday. 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 Inc has a 52 week low of $43.49 and a 52 week high of $69.01. The firm has a market capitalization of $6.17 billion, a PE ratio of 17.72, a PEG ratio of 1.17 and a beta of 1.05.
CyrusOne (NASDAQ:CONE) last issued its earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($1.23). The company 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%. The firm’s revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 earnings per share. Equities research analysts forecast that CyrusOne Inc will post 3.27 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Wednesday, January 2nd will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Monday, December 31st. CyrusOne’s dividend payout ratio is presently 58.97%.
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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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