Daiwa Securities Group Inc. boosted its position in CyrusOne Inc (NASDAQ:CONE) by 664.8% in the third quarter, HoldingsChannel.com reports. The firm owned 2,469,880 shares of the real estate investment trust’s stock after purchasing an additional 2,146,941 shares during the quarter. CyrusOne comprises approximately 1.3% of Daiwa Securities Group Inc.’s investment portfolio, making the stock its 23rd biggest holding. Daiwa Securities Group Inc.’s holdings in CyrusOne were worth $156,590,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in CONE. LPL Financial LLC lifted its position in shares of CyrusOne by 75.7% during the 1st quarter. LPL Financial LLC now owns 8,375 shares of the real estate investment trust’s stock valued at $429,000 after acquiring an additional 3,607 shares during the last quarter. Legal & General Group Plc lifted its position in shares of CyrusOne by 24.2% during the 1st quarter. Legal & General Group Plc now owns 106,231 shares of the real estate investment trust’s stock valued at $5,440,000 after acquiring an additional 20,710 shares during the last quarter. Royal Bank of Canada lifted its position in shares of CyrusOne by 19.1% during the 1st quarter. Royal Bank of Canada now owns 38,197 shares of the real estate investment trust’s stock valued at $1,956,000 after acquiring an additional 6,128 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of CyrusOne by 6.3% during the 1st quarter. Principal Financial Group Inc. now owns 411,372 shares of the real estate investment trust’s stock valued at $21,066,000 after acquiring an additional 24,256 shares during the last quarter. Finally, Suntrust Banks Inc. acquired a new stake in shares of CyrusOne during the 1st quarter valued at $234,000. Institutional investors own 91.72% of the company’s stock.
Shares of NASDAQ:CONE opened at $55.48 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.00 and a current ratio of 0.64. 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 $5.87 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.04 and a beta of 1.05.
CyrusOne (NASDAQ:CONE) last announced its earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($1.23). CyrusOne had a net margin of 14.07% and a return on equity of 5.68%. The firm had revenue of $206.60 million for the quarter, compared to analyst estimates of $209.33 million. During the same period last year, the firm earned $0.79 earnings per share. CyrusOne’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, sell-side analysts forecast that CyrusOne Inc will post 3.27 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Wednesday, January 2nd will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Monday, December 31st. CyrusOne’s dividend payout ratio (DPR) is currently 58.97%.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 5,000 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $64.96, for a total transaction of $324,800.00. Following the sale, the insider now directly owns 227,712 shares of the company’s stock, valued at approximately $14,792,171.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Robert M. Jackson sold 1,795 shares of the business’s 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 sale, the executive vice president now directly owns 25,497 shares in the company, valued at $1,664,189.19. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,169 shares of company stock worth $1,602,197. Company insiders own 1.64% of the company’s stock.
CONE has been the subject of a number of recent research reports. BidaskClub downgraded CyrusOne from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 27th. Zacks Investment Research downgraded CyrusOne from a “hold” rating to a “strong sell” rating in a research report on Monday, October 8th. Wells Fargo & Co set a $66.00 price objective on CyrusOne and gave the company a “buy” rating in a research report on Thursday, October 18th. ValuEngine upgraded CyrusOne from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $74.00 price objective on shares of CyrusOne in a research report on Tuesday, October 30th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $67.81.
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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