Neuberger Berman Group LLC Has $27.13 Million Stake in CyrusOne Inc (CONE)

Neuberger Berman Group LLC boosted its stake in CyrusOne Inc (NASDAQ:CONE) by 67.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 460,388 shares of the real estate investment trust’s stock after purchasing an additional 185,428 shares during the period. Neuberger Berman Group LLC owned about 0.50% of CyrusOne worth $27,131,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Cbre Clarion Securities LLC bought a new stake in CyrusOne in the second quarter worth $93,042,000. Santa Barbara Asset Management LLC bought a new position in shares of CyrusOne during the third quarter valued at $65,169,000. Janus Henderson Group PLC lifted its holdings in shares of CyrusOne by 971.8% during the second quarter. Janus Henderson Group PLC now owns 839,934 shares of the real estate investment trust’s stock valued at $46,826,000 after purchasing an additional 761,568 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of CyrusOne by 5.1% during the second quarter. Vanguard Group Inc. now owns 12,464,124 shares of the real estate investment trust’s stock valued at $694,875,000 after purchasing an additional 602,662 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of CyrusOne by 1,180.9% during the third quarter. Fisher Asset Management LLC now owns 580,216 shares of the real estate investment trust’s stock valued at $34,192,000 after purchasing an additional 534,919 shares in the last quarter. 96.67% of the stock is currently owned by institutional investors and hedge funds.

CONE has been the subject of a number of research reports. Cowen reiterated a “buy” rating and set a $68.00 price objective on shares of CyrusOne in a research report on Thursday, September 21st. William Blair initiated coverage on CyrusOne in a research report on Friday, September 22nd. They issued an “outperform” rating for the company. Jefferies Group restated a “buy” rating and issued a $69.00 price target on shares of CyrusOne in a research report on Monday, October 16th. UBS Group reiterated a “buy” rating and set a $70.00 target price (up previously from $63.00) on shares of CyrusOne in a research report on Wednesday, November 1st. Finally, Mitsubishi UFJ Financial Group upgraded CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $64.15.

CyrusOne Inc (NASDAQ:CONE) traded down $0.81 on Friday, reaching $55.26. The company’s stock had a trading volume of 3,241,162 shares, compared to its average volume of 806,282. CyrusOne Inc has a one year low of $46.41 and a one year high of $65.73. The stock has a market cap of $5,119.69, a P/E ratio of -56.97, a P/E/G ratio of 0.90 and a beta of 0.79. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.48 and a quick ratio of 0.48.

CyrusOne (NASDAQ:CONE) last announced 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 company had revenue of $175.30 million during the quarter, compared to analysts’ expectations of $177.62 million. CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.23%. The company’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 earnings per share. equities analysts anticipate that CyrusOne Inc will post 3.08 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were given a dividend of $0.42 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a yield of 3.04%. CyrusOne’s dividend payout ratio is currently -173.19%.

In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of CyrusOne stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total transaction of $812,700.00. Following the completion of the sale, the insider now owns 214,063 shares of the company’s stock, valued at approximately $12,886,592.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.64% of the company’s stock.

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CyrusOne Company Profile

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.

Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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