LPL Financial LLC Buys New Position in CyrusOne (CONE)

LPL Financial LLC bought a new stake in CyrusOne (NASDAQ:CONE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,768 shares of the real estate investment trust’s stock, valued at approximately $284,000.

A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. lifted its stake in CyrusOne by 1.4% in the fourth quarter. BlackRock Inc. now owns 8,336,881 shares of the real estate investment trust’s stock valued at $496,294,000 after buying an additional 118,899 shares during the last quarter. Cbre Clarion Securities LLC increased its holdings in shares of CyrusOne by 21.7% during the fourth quarter. Cbre Clarion Securities LLC now owns 3,248,065 shares of the real estate investment trust’s stock valued at $193,357,000 after purchasing an additional 579,122 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of CyrusOne by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,119,067 shares of the real estate investment trust’s stock valued at $65,943,000 after purchasing an additional 39,928 shares during the period. Geode Capital Management LLC increased its holdings in shares of CyrusOne by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 796,362 shares of the real estate investment trust’s stock valued at $47,407,000 after purchasing an additional 27,644 shares during the period. Finally, Teachers Advisors LLC increased its holdings in shares of CyrusOne by 8.4% during the fourth quarter. Teachers Advisors LLC now owns 748,433 shares of the real estate investment trust’s stock valued at $44,554,000 after purchasing an additional 57,694 shares during the period. Institutional investors own 98.71% of the company’s stock.

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A number of research analysts have recently commented on the company. BidaskClub raised CyrusOne from a “sell” rating to a “hold” rating in a report on Wednesday, April 18th. Moffett Nathanson assumed coverage on CyrusOne in a report on Monday, April 9th. They set a “hold” rating and a $58.00 price target on the stock. Jefferies Group reissued a “buy” rating and set a $67.00 price target on shares of CyrusOne in a report on Tuesday, February 27th. Credit Suisse Group reissued a “buy” rating and set a $73.00 price target on shares of CyrusOne in a report on Wednesday, February 28th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of CyrusOne in a report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $66.00.

In related news, insider Kevin L. Timmons sold 11,465 shares of CyrusOne stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $49.39, for a total transaction of $566,256.35. Following the transaction, the insider now directly owns 177,843 shares of the company’s stock, valued at $8,783,665.77. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by insiders.

NASDAQ:CONE opened at $51.02 on Tuesday. The stock has a market cap of $4,967.87, a P/E ratio of 16.35, a PEG ratio of 0.92 and a beta of 0.77. CyrusOne has a 52-week low of $43.49 and a 52-week high of $65.73. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.30.

CyrusOne (NASDAQ:CONE) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.78). The firm had revenue of $180.50 million for the quarter, compared to analyst estimates of $182.48 million. CyrusOne had a negative return on equity of 2.79% and a negative net margin of 12.43%. sell-side analysts anticipate that CyrusOne will post 3.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Thursday, March 29th were issued a dividend of $0.46 per share. This is a positive change from CyrusOne’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Wednesday, March 28th. CyrusOne’s payout ratio is presently 58.97%.

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About CyrusOne

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 nearly 1,000 customers, including 197 Fortune 1000 companies.

Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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