Capital Growth Management LP cut its holdings in CyrusOne Inc (NASDAQ:CONE) by 24.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 665,000 shares of the real estate investment trust’s stock after selling 215,000 shares during the period. CyrusOne accounts for approximately 1.7% of Capital Growth Management LP’s portfolio, making the stock its 26th biggest holding. Capital Growth Management LP owned 0.83% of CyrusOne worth $37,074,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake 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 worth $116,000 after purchasing an additional 388 shares during the period. Almanack Investment Partners LLC. bought a new position in shares of CyrusOne in the second quarter worth about $124,000. Public Employees Retirement Association of Colorado increased its stake 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 worth $152,000 after purchasing an additional 484 shares during the period. Perigon Wealth Management LLC increased its stake 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 worth $162,000 after purchasing an additional 2,825 shares during the period. Finally, Janney Capital Management LLC bought a new position in shares of CyrusOne in the second quarter worth about $210,000. Institutional investors and hedge funds own 96.48% of the company’s stock.
A number of equities analysts have recently commented on the company. Macquarie reiterated an “outperform” rating and issued a $58.00 price objective on shares of CyrusOne in a research note on Tuesday, July 4th. Jefferies Group LLC reissued a “buy” rating and set a $69.00 target price on shares of CyrusOne in a research report on Monday, August 14th. Cowen and Company reissued a “buy” rating and set a $72.00 target price on shares of CyrusOne in a research report on Friday, July 28th. BidaskClub raised CyrusOne from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Finally, Zacks Investment Research raised CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $61.08.
CyrusOne Inc (NASDAQ CONE) traded up 0.37% during midday trading on Tuesday, reaching $62.39. The company’s stock had a trading volume of 171,282 shares. The firm has a 50 day moving average price of $61.04 and a 200-day moving average price of $56.22. CyrusOne Inc has a 52 week low of $38.80 and a 52 week high of $65.73. The firm’s market cap is $5.50 billion.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The firm had revenue of $166.90 million for the quarter, compared to analysts’ expectations of $165.71 million. CyrusOne had a negative net margin of 4.35% and a positive return on equity of 1.30%. The business’s revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. On average, analysts forecast that CyrusOne Inc will post ($0.21) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.42 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.68 annualized dividend and a yield of 2.70%. CyrusOne’s dividend payout ratio is currently -541.92%.
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In other news, EVP Robert M. Jackson sold 1,890 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $59.00, for a total transaction of $111,510.00. Following the transaction, the executive vice president now directly owns 24,296 shares of the company’s stock, valued at $1,433,464. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.
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