Highbridge Capital Management LLC Purchases 24,236 Shares of CyrusOne Inc (CONE)
Highbridge Capital Management LLC increased its position in shares of CyrusOne Inc (NASDAQ:CONE) by 34.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,911 shares of the real estate investment trust’s stock after acquiring an additional 24,236 shares during the quarter. Highbridge Capital Management LLC owned approximately 0.10% of CyrusOne worth $5,534,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. IFP Advisors Inc raised its holdings in CyrusOne by 232.6% in the 3rd quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 1,198 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in CyrusOne by 3,032.8% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,850 shares during the period. Almanack Investment Partners LLC. purchased a new stake in CyrusOne in the 2nd quarter valued at about $124,000. Public Employees Retirement Association of Colorado raised its holdings in CyrusOne by 21.6% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 484 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in CyrusOne by 32.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 751 shares during the period. Hedge funds and other institutional investors own 98.49% of the company’s stock.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total transaction of $812,700.00. Following the sale, the insider now directly owns 214,063 shares in the company, valued at $12,886,592.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.64% of the stock is owned by corporate insiders.
Several analysts recently issued reports on the stock. KeyCorp restated a “hold” rating on shares of CyrusOne in a report on Tuesday, September 12th. Morgan Stanley boosted their price objective on shares of CyrusOne from $63.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, November 17th. Stifel Nicolaus restated a “buy” rating and issued a $66.00 price objective on shares of CyrusOne in a report on Thursday, September 14th. Deutsche Bank restated a “buy” rating and issued a $71.00 price objective on shares of CyrusOne in a report on Friday, November 10th. Finally, Mitsubishi UFJ Financial Group upgraded shares of CyrusOne from a “neutral” rating to an “overweight” rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $64.15.
Shares of CyrusOne Inc (NASDAQ:CONE) opened at $58.93 on Wednesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.48 and a current ratio of 0.48. The stock has a market cap of $5,380.00, a PE ratio of 20.42, a price-to-earnings-growth ratio of 1.08 and a beta of 0.79. CyrusOne Inc has a one year low of $43.90 and a one year high of $65.73.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($1.37). The business had revenue of $175.30 million for the quarter, compared to analysts’ expectations of $177.62 million. CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter last year, the company earned $0.67 earnings per share. sell-side analysts anticipate that CyrusOne Inc will post 3.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a yield of 2.85%. CyrusOne’s dividend payout ratio (DPR) is presently -171.43%.
CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.
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