Virginia Retirement Systems ET AL boosted its position in CyrusOne Inc (NASDAQ:CONE) by 8.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,900 shares of the real estate investment trust’s stock after purchasing an additional 5,200 shares during the quarter. Virginia Retirement Systems ET AL owned about 0.06% of CyrusOne worth $3,403,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in CONE. Vanguard Group Inc lifted its stake in CyrusOne by 8.8% in the third quarter. Vanguard Group Inc now owns 15,035,960 shares of the real estate investment trust’s stock valued at $953,281,000 after acquiring an additional 1,213,820 shares during the last quarter. BlackRock Inc. lifted its stake in shares of CyrusOne by 8.2% in the fourth quarter. BlackRock Inc. now owns 13,400,331 shares of the real estate investment trust’s stock worth $708,610,000 after buying an additional 1,013,641 shares during the last quarter. Cohen & Steers Inc. lifted its stake in shares of CyrusOne by 0.4% in the fourth quarter. Cohen & Steers Inc. now owns 11,220,528 shares of the real estate investment trust’s stock worth $593,342,000 after buying an additional 43,986 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of CyrusOne by 49.2% in the fourth quarter. Principal Financial Group Inc. now owns 3,319,179 shares of the real estate investment trust’s stock worth $175,518,000 after buying an additional 1,094,406 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of CyrusOne by 7.3% in the fourth quarter. Bank of America Corp DE now owns 3,182,029 shares of the real estate investment trust’s stock worth $168,266,000 after buying an additional 215,995 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.
In related news, EVP Kevin L. Timmons sold 19,600 shares of the stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $51.14, for a total transaction of $1,002,344.00. Following the completion of the sale, the executive vice president now directly owns 152,965 shares of the company’s stock, valued at approximately $7,822,630.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gary J. Wojtaszek bought 4,000 shares of the stock in a transaction that occurred on Wednesday, February 27th. The shares were acquired at an average cost of $49.86 per share, with a total value of $199,440.00. Following the completion of the purchase, the chief executive officer now owns 396,534 shares in the company, valued at approximately $19,771,185.24. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.
NASDAQ:CONE traded up $0.36 during mid-day trading on Wednesday, reaching $63.42. 469,472 shares of the company were exchanged, compared to its average volume of 1,094,740. CyrusOne Inc has a 12 month low of $48.94 and a 12 month high of $69.01. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.28. The firm has a market cap of $7.18 billion, a P/E ratio of 19.16, a P/E/G ratio of 1.26 and a beta of 0.87.
CyrusOne (NASDAQ:CONE) last released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. CyrusOne had a net margin of 5.54% and a return on equity of 2.15%. The company had revenue of $225.00 million for the quarter, compared to the consensus estimate of $231.36 million. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue was up 14.4% compared to the same quarter last year. As a group, equities analysts predict that CyrusOne Inc will post 3.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a $0.46 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.90%. CyrusOne’s dividend payout ratio is 55.59%.
Several equities research analysts have issued reports on CONE shares. Stifel Nicolaus set a $62.00 price target on shares of CyrusOne and gave the company a “buy” rating in a report on Friday, February 22nd. Zacks Investment Research lowered shares of CyrusOne from a “hold” rating to a “strong sell” rating in a report on Monday, February 11th. BMO Capital Markets lowered their price target on shares of CyrusOne to $60.00 and set an “outperform” rating on the stock in a report on Friday, February 22nd. BidaskClub raised shares of CyrusOne from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th. Finally, Jefferies Financial Group lowered shares of CyrusOne from a “buy” rating to a “hold” rating and lowered their target price for the stock from $62.00 to $54.00 in a report on Friday, February 22nd. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $64.41.
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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 212 Fortune 1000 companies.
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