Credit Suisse AG lowered its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 59.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,517 shares of the real estate investment trust’s stock after selling 150,406 shares during the period. Credit Suisse AG owned approximately 0.12% of CyrusOne worth $5,327,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of CONE. PNC Financial Services Group Inc. increased its position in CyrusOne by 20.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 388 shares during the period. Comerica Bank bought a new position in CyrusOne during the fourth quarter valued at about $203,000. Pitcairn Co. bought a new position in CyrusOne during the first quarter valued at about $204,000. Soros Fund Management LLC bought a new position in CyrusOne during the first quarter valued at about $211,000. Finally, Campbell Newman Asset Management Inc. bought a new position in CyrusOne during the first quarter valued at about $216,000. Hedge funds and other institutional investors own 98.80% of the company’s stock.
Shares of CyrusOne Inc (CONE) opened at 58.08 on Friday. The company’s market capitalization is $4.88 billion. CyrusOne Inc has a 52 week low of $38.80 and a 52 week high of $59.35.
CyrusOne (NASDAQ:CONE) last released its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. The business had revenue of $149.30 million for the quarter, compared to analyst estimates of $150.63 million. CyrusOne had a positive return on equity of 2.27% and a negative net margin of 2.87%. On average, equities analysts forecast that CyrusOne Inc will post ($0.10) earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Wednesday, June 28th. CyrusOne’s payout ratio is currently -884.16%.
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Several equities analysts have recently issued reports on CONE shares. BidaskClub downgraded shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Stifel Nicolaus upped their price objective on shares of CyrusOne from $56.00 to $60.00 and gave the company a “buy” rating in a report on Monday, May 15th. Zacks Investment Research upgraded shares of CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Tuesday, July 11th. TheStreet downgraded shares of CyrusOne from a “b-” rating to a “c” rating in a report on Wednesday, May 3rd. Finally, Mitsubishi UFJ Financial Group started coverage on shares of CyrusOne in a report on Tuesday, April 25th. They set a “neutral” rating and a $54.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $58.71.
In other news, CEO Gary J. Wojtaszek sold 38,294 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $58.01, for a total value of $2,221,434.94. Following the transaction, the chief executive officer now owns 511,621 shares of the company’s stock, valued at $29,679,134.21. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kevin L. Timmons sold 8,600 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $57.89, for a total value of $497,854.00. Following the completion of the transaction, the insider now directly owns 170,137 shares in the company, valued at approximately $9,849,230.93. The disclosure for this sale can be found here. In the last three months, insiders sold 126,894 shares of company stock worth $7,342,489. Corporate insiders own 1.64% of the company’s stock.
About CyrusOne
CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.
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