Credit Suisse AG lowered its position in 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 fund owned 103,517 shares of the real estate investment trust’s stock after selling 150,406 shares during the period. Credit Suisse AG owned about 0.12% of CyrusOne worth $5,327,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in CONE. Metropolitan Life Insurance Co. NY increased its position in shares of CyrusOne by 781.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 75,663 shares of the real estate investment trust’s stock worth $3,894,000 after buying an additional 67,080 shares during the period. EJF Capital LLC increased its position in shares of CyrusOne by 100.0% in the first quarter. EJF Capital LLC now owns 10,000 shares of the real estate investment trust’s stock worth $515,000 after buying an additional 5,000 shares during the period. Soros Fund Management LLC acquired a new position in shares of CyrusOne during the first quarter worth $211,000. State Street Corp increased its position in shares of 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 worth $100,098,000 after buying an additional 1,007,158 shares during the period. Finally, Bank of America Corp DE increased its position in shares of CyrusOne by 30.4% in the first quarter. Bank of America Corp DE now owns 1,527,713 shares of the real estate investment trust’s stock worth $78,631,000 after buying an additional 356,343 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CyrusOne Inc (NASDAQ:CONE) opened at 60.15 on Wednesday. CyrusOne Inc has a 12-month low of $38.80 and a 12-month high of $60.55.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings data 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 negative net margin of 2.87% and a positive return on equity of 2.27%. The firm had revenue of $149.30 million for the quarter, compared to analysts’ expectations of $150.63 million. On average, equities research analysts predict that CyrusOne Inc will post ($0.11) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Wednesday, June 28th. CyrusOne’s payout ratio is -884.16%.
COPYRIGHT VIOLATION NOTICE: “Credit Suisse AG Cuts Stake in CyrusOne Inc (NASDAQ:CONE)” was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://stocknewstimes.com/2017/08/02/cyrusone-inc-nasdaqcone-position-decreased-by-credit-suisse-ag-updated.html.
A number of brokerages have weighed in on CONE. Royal Bank Of Canada reissued a “buy” rating on shares of CyrusOne in a research report on Friday, July 28th. Cowen and Company restated a “buy” rating and set a $72.00 price objective on shares of CyrusOne in a report on Friday, July 28th. Jefferies Group LLC restated a “buy” rating and set a $63.00 price objective on shares of CyrusOne in a report on Tuesday, July 25th. Stifel Nicolaus restated a “buy” rating on shares of CyrusOne in a report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $59.29.
In related news, insider Kevin L. Timmons sold 8,600 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $57.89, for a total transaction of $497,854.00. Following the transaction, the insider now owns 170,137 shares in the company, valued at $9,849,230.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary J. Wojtaszek sold 38,294 shares of the business’s 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 transaction, the chief executive officer now owns 511,621 shares in the company, valued at approximately $29,679,134.21. The disclosure for this sale can be found here. Insiders have sold 126,894 shares of company stock worth $7,342,489 in the last quarter. 1.64% of the stock is owned by corporate insiders.
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.
Receive News & Ratings for CyrusOne Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne Inc and related companies with MarketBeat.com's FREE daily email newsletter.
