GW&K Investment Management LLC lifted its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 553,310 shares of the real estate investment trust’s stock after acquiring an additional 1,240 shares during the period. GW&K Investment Management LLC’s holdings in CyrusOne were worth $43,767,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Cullen Frost Bankers Inc. increased its position in shares of CyrusOne by 190.8% during the second quarter. Cullen Frost Bankers Inc. now owns 538 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 353 shares in the last quarter. Meeder Asset Management Inc. grew its position in CyrusOne by 4,750.0% in the third quarter. Meeder Asset Management Inc. now owns 582 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 570 shares in the last quarter. Howe & Rusling Inc. grew its position in CyrusOne by 36.4% in the third quarter. Howe & Rusling Inc. now owns 750 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 200 shares in the last quarter. Strategic Blueprint LLC bought a new position in CyrusOne in the third quarter valued at $86,000. Finally, Pearl River Capital LLC bought a new position in CyrusOne in the second quarter valued at $94,000. 99.55% of the stock is owned by institutional investors.
CONE stock traded down $0.47 during trading hours on Friday, reaching $65.60. The stock had a trading volume of 1,860,300 shares, compared to its average volume of 1,035,154. CyrusOne Inc has a fifty-two week low of $48.94 and a fifty-two week high of $79.73. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a 50-day simple moving average of $75.26 and a 200 day simple moving average of $65.83. The stock has a market capitalization of $7.82 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 1.28 and a beta of 0.49.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.75). CyrusOne had a negative return on equity of 0.08% and a negative net margin of 1.30%. The business had revenue of $250.90 million during the quarter, compared to analyst estimates of $247.81 million. During the same quarter last year, the firm earned $0.79 EPS. CyrusOne’s revenue for the quarter was up 21.4% compared to the same quarter last year. On average, sell-side analysts forecast that CyrusOne Inc will post 3.57 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.05%. The ex-dividend date is Tuesday, December 31st. CyrusOne’s dividend payout ratio (DPR) is 60.42%.
In other CyrusOne news, CAO Mark Skomal sold 1,083 shares of CyrusOne stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $68.47, for a total value of $74,153.01. Following the completion of the sale, the chief accounting officer now owns 5,515 shares in the company, valued at approximately $377,612.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kevin L. Timmons sold 24,000 shares of CyrusOne stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $70.53, for a total transaction of $1,692,720.00. Following the completion of the sale, the executive vice president now owns 101,583 shares of the company’s stock, valued at approximately $7,164,648.99. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.
A number of research analysts recently weighed in on CONE shares. Wells Fargo & Co decreased their target price on shares of CyrusOne from $85.00 to $78.00 in a research report on Friday, November 1st. Guggenheim set a $81.00 target price on shares of CyrusOne and gave the company a “buy” rating in a research report on Tuesday, September 24th. Bank of America set a $80.00 target price on shares of CyrusOne and gave the company a “buy” rating in a research report on Friday, August 16th. ValuEngine downgraded shares of CyrusOne from a “hold” rating to a “sell” rating in a research report on Friday. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $66.00 target price on shares of CyrusOne in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. CyrusOne currently has a consensus rating of “Hold” and a consensus target price of $72.81.
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 212 Fortune 1000 companies.
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