Pacer Advisors Inc. raised its position in CyrusOne Inc. (NASDAQ:CONE) by 37.4% during the third quarter, Holdings Channel reports. The firm owned 967,520 shares of the real estate investment trust’s stock after buying an additional 263,228 shares during the quarter. CyrusOne comprises 0.9% of Pacer Advisors Inc.’s portfolio, making the stock its 9th largest holding. Pacer Advisors Inc.’s holdings in CyrusOne were worth $74,896,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in CyrusOne by 3.9% in the second quarter. Envestnet Asset Management Inc. now owns 130,294 shares of the real estate investment trust’s stock valued at $9,319,000 after purchasing an additional 4,847 shares during the period. Amalgamated Bank increased its position in shares of CyrusOne by 542.8% during the second quarter. Amalgamated Bank now owns 96,401 shares of the real estate investment trust’s stock worth $6,895,000 after acquiring an additional 81,403 shares during the period. Great West Life Assurance Co. Can increased its position in shares of CyrusOne by 1.8% during the second quarter. Great West Life Assurance Co. Can now owns 79,545 shares of the real estate investment trust’s stock worth $5,688,000 after acquiring an additional 1,427 shares during the period. Zimmer Partners LP purchased a new stake in shares of CyrusOne during the second quarter worth $50,958,000. Finally, Winfield Associates Inc. increased its position in shares of CyrusOne by 33.3% during the third quarter. Winfield Associates Inc. now owns 4,000 shares of the real estate investment trust’s stock worth $310,000 after acquiring an additional 1,000 shares during the period.
A number of analysts have recently weighed in on the company. Credit Suisse Group upped their price objective on CyrusOne from $83.00 to $90.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 16th. Wells Fargo & Company boosted their target price on shares of CyrusOne from $78.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 29th. Deutsche Bank Aktiengesellschaft downgraded shares of CyrusOne from a “buy” rating to a “hold” rating and boosted their target price for the stock from $85.00 to $90.50 in a research note on Tuesday, November 16th. William Blair downgraded shares of CyrusOne from an “outperform” rating to a “market perform” rating in a research note on Monday, November 15th. Finally, TD Securities downgraded shares of CyrusOne from a “buy” rating to a “hold” rating and decreased their price objective for the company from $92.00 to $90.50 in a research note on Monday, November 15th. Seventeen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $86.09.
CyrusOne (NASDAQ:CONE) last announced its earnings results on Tuesday, October 26th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.94). CyrusOne had a net margin of 4.44% and a return on equity of 1.71%. The business had revenue of $304.10 million during the quarter, compared to analysts’ expectations of $290.09 million. During the same period in the previous year, the company posted $0.96 earnings per share. CyrusOne’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, research analysts forecast that CyrusOne Inc. will post 4.06 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 7th. Stockholders of record on Monday, January 3rd will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, December 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.33%. CyrusOne’s payout ratio is 507.33%.
CyrusOne Company Profile
CyrusOne, Inc is a real estate investment trust, which specializes in the enterprise-class, carrier-neutral data center properties. The firm provides data center facilities that protect and ensure the continued operation of IT infrastructure. Its data center properties are purpose-built facilities with redundant power, cooling and telecommunications systems and that are not network-specific, enabling customer interconnectivity to a range of telecommunications carriers.
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