SeaTown Holdings Pte. Ltd. bought a new stake in CyrusOne Inc (NASDAQ:CONE) in the 3rd quarter, HoldingsChannel reports. The fund bought 263,905 shares of the real estate investment trust’s stock, valued at approximately $16,732,000. CyrusOne accounts for approximately 2.5% of SeaTown Holdings Pte. Ltd.’s holdings, making the stock its 12th largest position.
Other large investors have also recently modified their holdings of the company. IFP Advisors Inc increased its stake 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 valued at $126,000 after purchasing an additional 970 shares in the last quarter. Quad Cities Investment Group LLC bought a new stake in CyrusOne in the second quarter valued at approximately $164,000. NumerixS Investment Technologies Inc bought a new stake in CyrusOne in the second quarter valued at approximately $179,000. First Hawaiian Bank bought a new stake in CyrusOne in the third quarter valued at approximately $215,000. Finally, CIBC Asset Management Inc bought a new stake in shares of CyrusOne during the second quarter worth $204,000. 91.72% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Robert M. Jackson sold 1,795 shares of the stock in a transaction 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 in the company, valued at $1,664,189.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Venkatesh S. Durvasula sold 5,000 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $64.96, for a total transaction of $324,800.00. Following the transaction, the insider now owns 227,712 shares of the company’s stock, valued at approximately $14,792,171.52. The disclosure for this sale can be found here. Insiders have sold 24,169 shares of company stock valued at $1,602,197 in the last 90 days. 1.64% of the stock is currently owned by corporate insiders.
Several equities research analysts have recently issued reports on the stock. MED increased their price objective on shares of CyrusOne from $58.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, August 2nd. BidaskClub downgraded shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 5th. Jefferies Financial Group lowered their price objective on shares of CyrusOne from $75.00 to $66.00 and set a “buy” rating for the company in a research report on Thursday. Cowen reissued a “buy” rating and set 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, BMO Capital Markets set a $74.00 price objective on shares of CyrusOne and gave the stock a “buy” rating in a research report on Monday, August 27th. One research 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. CyrusOne has a consensus rating of “Buy” and an average price target of $67.81.
Shares of CONE opened at $54.01 on Friday. CyrusOne Inc has a 12 month low of $43.49 and a 12 month high of $69.01. The firm has a market cap of $5.70 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.20.
CyrusOne (NASDAQ:CONE) last announced its earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.43) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($1.23). CyrusOne had a return on equity of 5.99% and a net margin of 14.07%. The business had revenue of $206.60 million for the quarter, compared to analyst estimates of $209.33 million. During the same quarter in the previous year, the company posted $0.79 EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, equities research analysts predict that CyrusOne Inc will post 3.26 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Wednesday, January 2nd will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Monday, December 31st. CyrusOne’s payout ratio is 58.97%.
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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