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.
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%.
ILLEGAL ACTIVITY WARNING: This news story was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/04/24/lpl-financial-llc-buys-new-position-in-cyrusone-cone.html.
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.
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.