Zurcher Kantonalbank Zurich Cantonalbank grew its stake in CyrusOne Inc (NASDAQ:CONE) by 119.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,494 shares of the real estate investment trust’s stock after purchasing an additional 2,986 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CyrusOne were worth $324,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. IFP Advisors Inc grew its stake in shares of CyrusOne by 232.6% in the third quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 1,198 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of CyrusOne by 3,032.8% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 1,850 shares in the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of CyrusOne in the second quarter valued at about $124,000. Public Employees Retirement Association of Colorado grew 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 valued at $152,000 after acquiring an additional 484 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of CyrusOne by 32.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 751 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.
In other news, insider Venkatesh S. Durvasula sold 13,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total value of $812,700.00. Following the sale, the insider now directly owns 214,063 shares in the company, valued at approximately $12,886,592.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.64% of the company’s stock.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($1.37). CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.23%. The company had revenue of $175.30 million during the quarter, compared to analyst estimates of $177.62 million. During the same quarter in the previous year, the business posted $0.67 earnings per share. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. sell-side analysts anticipate that CyrusOne Inc will post 3.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.87%. CyrusOne’s payout ratio is currently -171.43%.
A number of brokerages have issued reports on CONE. Jefferies Group reiterated a “buy” rating and set a $69.00 price objective on shares of CyrusOne in a research note on Monday, August 14th. BidaskClub upgraded shares of CyrusOne from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. UBS upgraded shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research note on Thursday, November 2nd. Cowen reiterated a “buy” rating and set a $68.00 price objective on shares of CyrusOne in a research note on Thursday, September 21st. Finally, ValuEngine downgraded shares of CyrusOne from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. CyrusOne has an average rating of “Buy” and an average price target of $64.15.
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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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