MML Investors Services LLC Acquires New Stake in CyrusOne Inc (CONE)
MML Investors Services LLC acquired a new stake in shares of CyrusOne Inc (NASDAQ:CONE) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 6,113 shares of the real estate investment trust’s stock, valued at approximately $388,000.
Several other institutional investors have also added to or reduced their stakes in CONE. MetLife Investment Advisors LLC lifted its holdings in CyrusOne by 3.8% in the second quarter. MetLife Investment Advisors LLC now owns 62,293 shares of the real estate investment trust’s stock valued at $3,635,000 after acquiring an additional 2,305 shares during the period. Van ECK Associates Corp bought a new position in shares of CyrusOne in the second quarter worth about $1,162,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of CyrusOne in the second quarter worth about $1,561,000. Strs Ohio raised its stake in shares of CyrusOne by 2.2% in the third quarter. Strs Ohio now owns 142,632 shares of the real estate investment trust’s stock worth $9,042,000 after buying an additional 3,012 shares during the period. Finally, Chevy Chase Trust Holdings Inc. raised its stake in shares of CyrusOne by 19.2% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 381,041 shares of the real estate investment trust’s stock worth $24,158,000 after buying an additional 61,314 shares during the period.
Several research analysts have recently commented on the company. ValuEngine raised CyrusOne from a “hold” rating to a “buy” rating in a research note on Friday, September 14th. BidaskClub raised CyrusOne from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 12th. Berenberg Bank assumed coverage on CyrusOne in a research note on Thursday, September 20th. They issued a “hold” rating and a $64.00 price objective on the stock. BMO Capital Markets set a $74.00 price objective on CyrusOne and gave the stock a “buy” rating in a research note on Monday, August 27th. Finally, Jefferies Financial Group raised their price objective on CyrusOne from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, August 28th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. CyrusOne presently has a consensus rating of “Buy” and an average target price of $67.43.
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 consensus estimate of $0.80 by ($1.23). The business had revenue of $206.60 million for the quarter, compared to the consensus estimate of $209.33 million. CyrusOne had a net margin of 14.07% and a return on equity of 5.68%. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period last year, the business posted $0.79 EPS. On average, equities analysts expect that CyrusOne Inc will post 3.27 EPS for the current year.
The firm 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 3.16%. The ex-dividend date of this dividend is Monday, December 31st. CyrusOne’s dividend payout ratio (DPR) 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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