Wells Fargo & Company MN Has $36.26 Million Position in CyrusOne Inc (CONE)

Wells Fargo & Company MN trimmed its position in CyrusOne Inc (NASDAQ:CONE) by 9.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 571,868 shares of the real estate investment trust’s stock after selling 60,134 shares during the quarter. Wells Fargo & Company MN’s holdings in CyrusOne were worth $36,256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Principal Financial Group Inc. increased its stake in shares of CyrusOne by 6.3% in the first quarter. Principal Financial Group Inc. now owns 411,372 shares of the real estate investment trust’s stock worth $21,066,000 after acquiring an additional 24,256 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in CyrusOne by 28.1% during the second quarter. Xact Kapitalforvaltning AB now owns 13,681 shares of the real estate investment trust’s stock worth $798,000 after buying an additional 3,000 shares during the last quarter. Bank of Montreal Can increased its position in CyrusOne by 599.2% during the second quarter. Bank of Montreal Can now owns 289,075 shares of the real estate investment trust’s stock worth $16,870,000 after buying an additional 247,729 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new position in CyrusOne during the second quarter worth $253,000. Finally, Janney Montgomery Scott LLC increased its position in CyrusOne by 43.2% during the second quarter. Janney Montgomery Scott LLC now owns 46,035 shares of the real estate investment trust’s stock worth $2,687,000 after buying an additional 13,886 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors.

CONE stock opened at $52.93 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.64 and a quick ratio of 0.64. CyrusOne Inc has a 52-week low of $43.49 and a 52-week high of $69.01. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 1.06 and a beta of 1.05.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($1.23). CyrusOne had a net margin of 14.07% and a return on equity of 5.68%. The firm had revenue of $206.60 million for the quarter, compared to the consensus estimate of $209.33 million. During the same quarter last year, the company earned $0.79 earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis. As a group, equities analysts anticipate that CyrusOne Inc will post 3.27 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Wednesday, January 2nd will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Monday, December 31st. CyrusOne’s dividend payout ratio (DPR) is 58.97%.

Several equities analysts have commented on CONE shares. ValuEngine raised shares of CyrusOne from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. BidaskClub downgraded shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 27th. Jefferies Financial Group increased their target price on shares of CyrusOne from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, August 28th. BMO Capital Markets set a $74.00 target price on shares of CyrusOne and gave the stock a “buy” rating in a research report on Monday, August 27th. Finally, Stifel Nicolaus set a $72.00 target price on shares of CyrusOne and gave the stock a “buy” rating in a research report on Friday, August 3rd. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. CyrusOne currently has a consensus rating of “Buy” and a consensus target price of $67.43.

TRADEMARK VIOLATION NOTICE: “Wells Fargo & Company MN Has $36.26 Million Position in CyrusOne Inc (CONE)” was posted by WKRB News and is the sole property of of WKRB News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.wkrb13.com/2018/11/24/wells-fargo-company-mn-has-36-26-million-position-in-cyrusone-inc-cone.html.

CyrusOne Company Profile

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.

Read More: Why is Cost of Capital Important?

Want to see what other hedge funds are holding CONE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CyrusOne Inc (NASDAQ:CONE).

Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

Receive News & Ratings for CyrusOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply