Cbre Clarion Securities LLC bought a new stake in CyrusOne Inc (NASDAQ:CONE) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,668,921 shares of the real estate investment trust’s stock, valued at approximately $93,042,000. Cbre Clarion Securities LLC owned 2.09% of CyrusOne as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in CyrusOne by 20.5% during 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 acquiring an additional 388 shares during the last quarter. Almanack Investment Partners LLC. acquired a new position in CyrusOne during the second quarter worth about $124,000. Public Employees Retirement Association of Colorado boosted its position in CyrusOne by 21.6% during 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 acquiring an additional 484 shares during the last quarter. Perigon Wealth Management LLC boosted its position in CyrusOne by 941.7% during the first quarter. Perigon Wealth Management LLC now owns 3,125 shares of the real estate investment trust’s stock worth $162,000 after acquiring an additional 2,825 shares during the last quarter. Finally, Janney Capital Management LLC acquired a new position in CyrusOne during the second quarter worth about $210,000. Institutional investors and hedge funds own 96.48% of the company’s stock.
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A number of research firms recently weighed in on CONE. BidaskClub lowered shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and set a $66.00 price target (up from $65.00) on shares of CyrusOne in a research report on Wednesday, August 9th. Cowen and Company restated a “buy” rating and set a $68.00 price target on shares of CyrusOne in a research report on Thursday. Jefferies Group LLC restated a “buy” rating and set a $69.00 price target on shares of CyrusOne in a research report on Monday, August 14th. Finally, Zacks Investment Research lowered shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $60.77.
In other news, EVP Robert M. Jackson sold 1,890 shares of the stock in a transaction dated 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 in the company, valued at approximately $1,433,464. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.64% of the company’s stock.
CyrusOne Inc (CONE) traded down 1.82% during midday trading on Friday, hitting $59.31. 1,228,677 shares of the stock were exchanged. CyrusOne Inc has a 12-month low of $38.80 and a 12-month high of $65.73.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The business had revenue of $166.90 million for the quarter, compared to analyst estimates of $165.71 million. CyrusOne had a negative net margin of 4.35% and a positive return on equity of 1.30%. The company’s revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. On average, equities analysts anticipate that CyrusOne Inc will post ($0.21) EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.42 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.68 annualized dividend and a dividend yield of 2.83%. CyrusOne’s payout ratio is currently -541.92%.
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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