AQR Capital Management LLC lowered its stake in CyrusOne Inc (NASDAQ:CONE) by 24.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,903 shares of the real estate investment trust’s stock after selling 18,306 shares during the period. AQR Capital Management LLC’s holdings in CyrusOne were worth $2,929,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of CONE. BlackRock Inc. raised its position in CyrusOne by 9,082.1% in the first quarter. BlackRock Inc. now owns 6,929,733 shares of the real estate investment trust’s stock valued at $356,674,000 after buying an additional 6,854,263 shares in the last quarter. Vanguard Group Inc. raised its position in CyrusOne by 23.0% in the first quarter. Vanguard Group Inc. now owns 11,861,462 shares of the real estate investment trust’s stock valued at $610,510,000 after buying an additional 2,220,488 shares in the last quarter. State Street Corp raised its position in CyrusOne by 107.4% in the first quarter. State Street Corp now owns 1,944,811 shares of the real estate investment trust’s stock valued at $100,098,000 after buying an additional 1,007,158 shares in the last quarter. Capital Growth Management LP raised its position in CyrusOne by 700.0% in the first quarter. Capital Growth Management LP now owns 880,000 shares of the real estate investment trust’s stock valued at $45,294,000 after buying an additional 770,000 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its position in CyrusOne by 82.4% in the first quarter. Westfield Capital Management Co. LP now owns 1,108,192 shares of the real estate investment trust’s stock valued at $57,039,000 after buying an additional 500,571 shares in the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.
CyrusOne Inc (CONE) opened at 58.50 on Tuesday. The stock’s market cap is $4.91 billion. CyrusOne Inc has a 52 week low of $38.80 and a 52 week high of $59.35. The stock has a 50 day moving average price of $57.11 and a 200 day moving average price of $52.81.
CyrusOne (NASDAQ:CONE) last posted its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. CyrusOne had a positive return on equity of 2.27% and a negative net margin of 2.87%. The business had revenue of $149.30 million during the quarter, compared to analyst estimates of $150.63 million. On average, equities analysts predict that CyrusOne Inc will post ($0.10) earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.87%. CyrusOne’s dividend payout ratio (DPR) is currently -884.16%.
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A number of analysts recently issued reports on CONE shares. BidaskClub downgraded CyrusOne from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Stifel Nicolaus raised their price objective on CyrusOne from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Zacks Investment Research raised CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Tuesday, July 11th. TheStreet downgraded CyrusOne from a “b-” rating to a “c” rating in a research report on Wednesday, May 3rd. Finally, Mitsubishi UFJ Financial Group started coverage on CyrusOne in a research report on Tuesday, April 25th. They set a “neutral” rating and a $54.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company. CyrusOne currently has a consensus rating of “Buy” and an average target price of $58.71.
In other news, insider Kevin L. Timmons sold 8,600 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $57.89, for a total value of $497,854.00. Following the completion of the sale, the insider now owns 170,137 shares in the company, valued at $9,849,230.93. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary J. Wojtaszek sold 38,294 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $58.01, for a total value of $2,221,434.94. Following the completion of the sale, the chief executive officer now owns 511,621 shares of the company’s stock, valued at approximately $29,679,134.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 126,894 shares of company stock valued at $7,342,489. Insiders own 1.64% of the company’s stock.
CyrusOne Company Profile
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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