CyrusOne Inc (CONE) Position Lifted by Eii Capital Management Inc.

Eii Capital Management Inc. lifted its position in shares of CyrusOne Inc (NASDAQ:CONE) by 420.3% during the third quarter, HoldingsChannel reports. The firm owned 10,520 shares of the real estate investment trust’s stock after acquiring an additional 8,498 shares during the period. Eii Capital Management Inc.’s holdings in CyrusOne were worth $567,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CONE. FDx Advisors Inc. raised its position in CyrusOne by 6.3% in the second quarter. FDx Advisors Inc. now owns 13,030 shares of the real estate investment trust’s stock worth $760,000 after acquiring an additional 778 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in CyrusOne by 5.2% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,006 shares of the real estate investment trust’s stock worth $934,000 after acquiring an additional 784 shares during the period. Hilltop Holdings Inc. raised its position in CyrusOne by 6.5% in the second quarter. Hilltop Holdings Inc. now owns 13,509 shares of the real estate investment trust’s stock worth $788,000 after acquiring an additional 827 shares during the period. IFP Advisors Inc raised its position in CyrusOne by 95.8% in the third quarter. IFP Advisors Inc now owns 1,982 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 970 shares during the period. Finally, US Bancorp DE raised its position in CyrusOne by 3.1% in the third quarter. US Bancorp DE now owns 32,664 shares of the real estate investment trust’s stock worth $2,070,000 after acquiring an additional 994 shares during the period. 91.72% of the stock is currently owned by institutional investors.

Several analysts have commented on the stock. BMO Capital Markets lowered their price objective on shares of CyrusOne from $74.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday. Stifel Nicolaus set a $70.00 price objective on shares of CyrusOne and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group lowered their price objective on shares of CyrusOne from $75.00 to $66.00 and set a “buy” rating on the stock in a research report on Thursday. Cowen reaffirmed a “buy” rating and issued a $67.00 price objective (down previously from $79.00) on shares of CyrusOne in a research report on Thursday. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $67.81.

In related news, EVP Robert M. Jackson sold 1,795 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $65.27, for a total transaction of $117,159.65. Following the completion of the transaction, the executive vice president now owns 25,497 shares of the company’s stock, valued at $1,664,189.19. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kevin L. Timmons sold 7,374 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $67.16, for a total transaction of $495,237.84. Following the transaction, the insider now directly owns 179,490 shares of the company’s stock, valued at approximately $12,054,548.40. The disclosure for this sale can be found here. Insiders sold 24,169 shares of company stock valued at $1,602,197 in the last quarter. Corporate insiders own 1.64% of the company’s stock.

CONE opened at $54.01 on Friday. The stock has a market capitalization of $5.70 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.00 and a quick ratio of 1.00. CyrusOne Inc has a twelve month low of $43.49 and a twelve month high of $69.01.

CyrusOne (NASDAQ:CONE) last posted its earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the consensus estimate of $0.80 by ($1.23). The business had revenue of $206.60 million during the quarter, compared to analysts’ expectations of $209.33 million. CyrusOne had a return on equity of 5.99% and a net margin of 14.07%. CyrusOne’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 EPS. On average, equities research analysts anticipate that CyrusOne Inc will post 3.26 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Wednesday, January 2nd will be paid a $0.46 dividend. The ex-dividend date is Monday, December 31st. This represents a $1.84 annualized dividend and a dividend yield of 3.41%. CyrusOne’s payout ratio is 58.97%.

CyrusOne Company Profile

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 approximately 1,000 customers, including 200 Fortune 1000 companies.

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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