Tealwood Asset Management Inc. increased its stake in CyrusOne Inc (NASDAQ:CONE) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,850 shares of the real estate investment trust’s stock after buying an additional 139 shares during the period. CyrusOne makes up 1.9% of Tealwood Asset Management Inc.’s investment portfolio, making the stock its 7th largest position. Tealwood Asset Management Inc.’s holdings in CyrusOne were worth $5,065,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its position in shares of CyrusOne by 8.5% in the second quarter. Louisiana State Employees Retirement System now owns 20,400 shares of the real estate investment trust’s stock valued at $1,137,000 after buying an additional 1,600 shares during the period. Spirit of America Management Corp NY boosted its stake in shares of CyrusOne by 2.1% in the second quarter. Spirit of America Management Corp NY now owns 36,150 shares of the real estate investment trust’s stock valued at $2,015,000 after buying an additional 750 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of CyrusOne by 22.8% in the second quarter. LS Investment Advisors LLC now owns 6,164 shares of the real estate investment trust’s stock valued at $344,000 after buying an additional 1,145 shares in the last quarter. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of CyrusOne during the second quarter valued at $14,417,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of CyrusOne by 7.6% in the second quarter. State of Alaska Department of Revenue now owns 41,400 shares of the real estate investment trust’s stock valued at $2,307,000 after buying an additional 2,930 shares in the last quarter. Institutional investors own 99.31% of the company’s stock.
Shares of CyrusOne Inc (NASDAQ:CONE) traded up 0.78% during mid-day trading on Friday, reaching $59.67. 486,455 shares of the company’s stock were exchanged. CyrusOne Inc has a one year low of $38.80 and a one year high of $59.97.
CyrusOne (NASDAQ:CONE) last announced its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. The firm had revenue of $149.30 million for the quarter, compared to analyst estimates of $150.63 million. CyrusOne had a negative net margin of 2.87% and a positive return on equity of 2.27%. Analysts predict that CyrusOne Inc will post ($0.11) 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 paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend was Wednesday, June 28th. CyrusOne’s payout ratio is -884.16%.
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Several brokerages recently weighed in on CONE. Cowen and Company reissued a “buy” rating and issued a $72.00 price objective on shares of CyrusOne in a research note on Friday. Jefferies Group LLC reissued a “buy” rating and issued a $63.00 price objective on shares of CyrusOne in a research note on Tuesday. Stifel Nicolaus reissued a “buy” rating on shares of CyrusOne in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Tuesday, July 11th. Finally, Macquarie reissued an “outperform” rating and issued a $58.00 price objective on shares of CyrusOne in a research note on Tuesday, July 4th. One research 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. The company currently has a consensus rating of “Buy” and a consensus price target of $59.29.
In other news, CEO Gary J. Wojtaszek sold 38,294 shares of CyrusOne stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $58.01, for a total transaction of $2,221,434.94. Following the sale, the chief executive officer now owns 511,621 shares of the company’s stock, valued at approximately $29,679,134.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gary J. Wojtaszek sold 80,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $57.79, for a total transaction of $4,623,200.00. Following the sale, the insider now directly owns 511,621 shares in the company, valued at approximately $29,566,577.59. The disclosure for this sale can be found here. Insiders have sold a total of 126,894 shares of company stock worth $7,342,489 in the last ninety days. 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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