Pitcairn Co. reduced its stake in CyrusOne Inc (NASDAQ:CONE) by 6.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,707 shares of the real estate investment trust’s stock after selling 256 shares during the period. Pitcairn Co.’s holdings in CyrusOne were worth $207,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CONE. PNC Financial Services Group Inc. raised its position in shares of 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 in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of CyrusOne by 21.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 484 shares in the last quarter. Perigon Wealth Management LLC raised its position in shares of CyrusOne by 941.7% in the first quarter. Perigon Wealth Management LLC now owns 3,125 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 2,825 shares in the last quarter. Janney Capital Management LLC purchased a new position in shares of CyrusOne during the second quarter valued at about $210,000. Finally, Soros Fund Management LLC purchased a new position in shares of CyrusOne during the first quarter valued at about $211,000. 93.41% of the stock is owned by hedge funds and other institutional investors.
Shares of CyrusOne Inc (CONE) opened at 59.41 on Friday. CyrusOne Inc has a 12-month low of $38.80 and a 12-month high of $61.26.
CyrusOne (NASDAQ:CONE) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The firm had revenue of $166.90 million for the quarter, compared to the consensus estimate of $165.71 million. During the same period in the prior year, the firm earned $0.67 EPS. The firm’s revenue was up 28.3% on a year-over-year basis. Analysts predict that CyrusOne Inc will post ($0.21) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Thursday, September 28th. CyrusOne’s payout ratio is -541.92%.
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Several brokerages have recently issued reports on CONE. Zacks Investment Research raised CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Tuesday, July 11th. TheStreet lowered CyrusOne from a “b-” rating to a “c” rating in a research report on Wednesday, May 3rd. Cowen and Company raised their price objective on CyrusOne from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, June 23rd. Stifel Nicolaus reaffirmed a “buy” rating on shares of CyrusOne in a research report on Tuesday, April 25th. Finally, Mitsubishi UFJ Financial Group began 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $60.69.
In other CyrusOne news, EVP Robert M. Jackson sold 1,890 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $59.00, for a total value of $111,510.00. Following the sale, the executive vice president now directly owns 24,296 shares of the company’s stock, valued at $1,433,464. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gary J. Wojtaszek sold 80,000 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $57.79, for a total transaction of $4,623,200.00. Following the completion of the sale, the insider now directly owns 511,621 shares in the company, valued at $29,566,577.59. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,784 shares of company stock worth $7,453,999. 1.64% of the stock is owned by insiders.
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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