Columbus Circle Investors raised its position in CyrusOne Inc (NASDAQ:CONE) by 36.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,892 shares of the real estate investment trust’s stock after acquiring an additional 6,676 shares during the quarter. Columbus Circle Investors’ holdings in CyrusOne were worth $1,467,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its position in shares of CyrusOne by 232.6% in the third quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 1,198 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of CyrusOne by 3,032.8% during the third 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 position in shares of CyrusOne during the second quarter valued at about $124,000. PNC Financial Services Group Inc. increased its position in shares of CyrusOne by 20.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 388 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its position in shares of CyrusOne by 21.6% during the second 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. Hedge funds and other institutional investors own 98.50% of the company’s stock.
Shares of CyrusOne Inc (NASDAQ:CONE) traded up $1.76 during mid-day trading on Thursday, reaching $59.88. 893,771 shares of the company’s stock were exchanged, compared to its average volume of 1,058,445. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $5,342.49, a PE ratio of 19.77, a P/E/G ratio of 1.05 and a beta of 0.79. CyrusOne Inc has a twelve month low of $42.99 and a twelve month high of $65.73.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data 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 firm had revenue of $175.30 million during 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 business’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. sell-side analysts predict that CyrusOne Inc will post 3.09 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a $0.42 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.81%. CyrusOne’s dividend payout ratio (DPR) is presently -173.19%.
In related news, insider Venkatesh S. Durvasula sold 13,500 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total transaction of $812,700.00. Following the completion of the transaction, the insider now owns 214,063 shares in the company, valued at $12,886,592.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.64% of the company’s stock.
Several equities analysts recently issued reports on CONE shares. Deutsche Bank reiterated a “buy” rating and set a $71.00 price target on shares of CyrusOne in a research report on Friday, November 10th. Morgan Stanley reissued an “overweight” rating and set a $63.00 price objective (up previously from $58.00) on shares of CyrusOne in a research note on Friday, August 25th. BidaskClub lowered shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. KeyCorp reissued a “hold” rating on shares of CyrusOne in a research note on Tuesday, September 12th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $66.00 target price on shares of CyrusOne in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. CyrusOne currently has a consensus rating of “Buy” and a consensus target price of $64.15.
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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.
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