Principal Financial Group Inc. lifted its stake in CyrusOne Inc (NASDAQ:CONE) by 19.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 388,341 shares of the real estate investment trust’s stock after acquiring an additional 63,062 shares during the quarter. Principal Financial Group Inc. owned 0.44% of CyrusOne worth $22,885,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. IFP Advisors Inc raised its holdings in shares of CyrusOne by 232.6% in the 3rd quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 1,198 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of CyrusOne by 3,032.8% in the 3rd 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 last quarter. PNC Financial Services Group Inc. grew its position in shares of CyrusOne by 20.5% in the 1st 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 last quarter. Almanack Investment Partners LLC. purchased a new position in CyrusOne during the 2nd quarter worth $124,000. Finally, Public Employees Retirement Association of Colorado grew its position in CyrusOne by 21.6% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 484 shares during the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.
Several brokerages have recently weighed in on CONE. Jefferies Group reaffirmed a “buy” rating and issued a $69.00 target price on shares of CyrusOne in a report on Monday, August 14th. BidaskClub upgraded shares of CyrusOne from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. UBS upgraded shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Thursday, November 2nd. Cowen reiterated a “buy” rating and set a $68.00 price target on shares of CyrusOne in a report on Thursday, September 21st. Finally, ValuEngine downgraded shares of CyrusOne from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $64.15.
In other news, insider Venkatesh S. Durvasula sold 13,500 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total value of $812,700.00. Following the sale, the insider now owns 214,063 shares in the company, valued at $12,886,592.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.64% of the company’s stock.
Shares of CyrusOne Inc (NASDAQ:CONE) traded up $1.76 during midday 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. CyrusOne Inc has a 52 week low of $42.99 and a 52 week high of $65.73. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.56. The firm has a market cap of $5,342.49, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 1.05 and a beta of 0.79.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($1.37). CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.23%. The firm had revenue of $175.30 million for the quarter, compared to analysts’ expectations of $177.62 million. During the same period in the prior year, the company posted $0.67 earnings per share. CyrusOne’s quarterly revenue was up 21.9% compared to the same quarter last year. sell-side analysts anticipate that CyrusOne Inc will post 3.09 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.42 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.68 annualized dividend and a yield of 2.81%. CyrusOne’s dividend payout ratio (DPR) is presently -173.19%.
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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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