New York State Common Retirement Fund boosted its holdings in CyrusOne Inc (NASDAQ:CONE) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 192,300 shares of the real estate investment trust’s stock after acquiring an additional 5,100 shares during the quarter. New York State Common Retirement Fund owned 0.21% of CyrusOne worth $11,332,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of CyrusOne by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 12,464,124 shares of the real estate investment trust’s stock worth $694,875,000 after acquiring an additional 602,662 shares in the last quarter. BlackRock Inc. boosted its position in shares of CyrusOne by 6.3% in the second quarter. BlackRock Inc. now owns 7,362,899 shares of the real estate investment trust’s stock worth $410,481,000 after buying an additional 433,166 shares during the period. State Street Corp boosted its position in shares of CyrusOne by 6.6% in the second quarter. State Street Corp now owns 2,073,936 shares of the real estate investment trust’s stock worth $115,625,000 after buying an additional 129,125 shares during the period. Cbre Clarion Securities LLC acquired a new stake in shares of CyrusOne in the second quarter worth $93,042,000. Finally, Westfield Capital Management Co. LP boosted its position in shares of CyrusOne by 4.7% in the second quarter. Westfield Capital Management Co. LP now owns 1,160,063 shares of the real estate investment trust’s stock worth $64,674,000 after buying an additional 51,871 shares during the period. Hedge funds and other institutional investors own 96.67% of the company’s stock.
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 value of $812,700.00. Following the completion of the transaction, the insider now directly owns 214,063 shares of the company’s stock, valued at approximately $12,886,592.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.64% of the stock is currently owned by corporate insiders.
A number of research firms recently issued reports on CONE. UBS Group raised CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Thursday, November 2nd. BidaskClub upgraded CyrusOne from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Cowen reiterated a “buy” rating and issued a $68.00 price objective on shares of CyrusOne in a research note on Thursday, September 21st. Mitsubishi UFJ Financial Group upgraded CyrusOne from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 31st. Finally, Jefferies Group restated a “buy” rating and set a $69.00 price target on shares of CyrusOne in a research note on Monday, October 16th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. CyrusOne has a consensus rating of “Buy” and a consensus price target of $64.15.
Shares of CyrusOne Inc (NASDAQ:CONE) traded down $1.04 during trading on Thursday, hitting $56.07. 2,093,155 shares of the company’s stock traded hands, compared to its average volume of 828,907. The company has a market cap of $5,120.00, a PE ratio of -57.21, a price-to-earnings-growth ratio of 0.94 and a beta of 0.79. CyrusOne Inc has a 52 week low of $46.41 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.
CyrusOne (NASDAQ:CONE) last issued its earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing the consensus estimate 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 business had revenue of $175.30 million for the quarter, compared to the consensus estimate of $177.62 million. During the same quarter in the previous year, the firm posted $0.67 EPS. The business’s revenue was up 21.9% on a year-over-year basis. research analysts forecast that CyrusOne Inc will post 3.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Thursday, December 28th. CyrusOne’s payout ratio is presently -171.43%.
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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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