Fisher Asset Management LLC Has $25.49 Million Stock Holdings in CyrusOne Inc. (NASDAQ:CONE)


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Fisher Asset Management LLC decreased its holdings in shares of CyrusOne Inc. (NASDAQ:CONE) by 5.8% in the 1st quarter, HoldingsChannel reports. The firm owned 376,438 shares of the real estate investment trust’s stock after selling 23,171 shares during the period. Fisher Asset Management LLC’s holdings in CyrusOne were worth $25,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in CONE. tru Independence LLC acquired a new stake in CyrusOne during the 4th quarter valued at $26,000. Associated Banc Corp lifted its holdings in shares of CyrusOne by 1,045.7% during the fourth quarter. Associated Banc Corp now owns 401 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 366 shares in the last quarter. NuWave Investment Management LLC acquired a new stake in shares of CyrusOne during the first quarter worth $32,000. Regent Peak Wealth Advisors LLC acquired a new stake in shares of CyrusOne during the fourth quarter worth $34,000. Finally, Ropes Wealth Advisors LLC acquired a new stake in shares of CyrusOne during the fourth quarter worth $35,000. 98.33% of the stock is owned by institutional investors and hedge funds.

Shares of CONE stock opened at $71.35 on Tuesday. The business’s 50 day simple moving average is $70.31 and its 200 day simple moving average is $70.72. CyrusOne Inc. has a one year low of $61.64 and a one year high of $86.77. The stock has a market capitalization of $8.61 billion, a PE ratio of -274.41, a PEG ratio of 0.81 and a beta of 0.46. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.48 and a quick ratio of 1.48.

CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Tuesday, April 27th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.83). CyrusOne had a negative net margin of 2.91% and a positive return on equity of 1.23%. The business had revenue of $298.60 million during the quarter, compared to analyst estimates of $271.57 million. During the same period last year, the firm posted $0.97 earnings per share. CyrusOne’s quarterly revenue was up 21.4% compared to the same quarter last year. As a group, research analysts expect that CyrusOne Inc. will post 3.87 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 9th. Shareholders of record on Friday, June 25th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.86%. The ex-dividend date is Thursday, June 24th. CyrusOne’s dividend payout ratio (DPR) is presently 56.20%.

A number of research firms recently commented on CONE. Raymond James downgraded CyrusOne from an “outperform” rating to an “underperform” rating in a research note on Friday. Barclays lifted their target price on CyrusOne from $82.00 to $84.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 27th. Mizuho lifted their target price on CyrusOne from $70.00 to $72.00 and gave the company a “neutral” rating in a research report on Wednesday, April 21st. Zacks Investment Research upgraded CyrusOne from a “sell” rating to a “hold” rating in a research report on Monday, April 26th. Finally, TD Securities decreased their target price on CyrusOne from $92.00 to $88.00 and set a “buy” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $82.08.

About CyrusOne

CyrusOne (NASDAQ: CONE) is a premier global REIT specializing in design, construction and operation of more than 50 high-performance data centers worldwide. The Company provides mission-critical facilities that ensure the continued operation of IT infrastructure for approximately 1,000 customers, including approximately 200 Fortune 1000 companies.

Read More: What is a Real Estate Investment Trust (REIT)?

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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