National Asset Management Inc. bought a new stake in shares of CyrusOne Inc (NASDAQ:CONE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,241 shares of the real estate investment trust’s stock, valued at approximately $723,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Bellwether Investment Group LLC grew its stake in shares of CyrusOne by 1.7% in the 2nd quarter. Bellwether Investment Group LLC now owns 5,710 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 97 shares during the last quarter. Zevenbergen Capital Investments LLC grew its stake in shares of CyrusOne by 1.6% in the 2nd quarter. Zevenbergen Capital Investments LLC now owns 11,405 shares of the real estate investment trust’s stock worth $636,000 after purchasing an additional 175 shares during the last quarter. Campbell Newman Asset Management Inc. grew its stake in shares of CyrusOne by 4.8% in the 2nd quarter. Campbell Newman Asset Management Inc. now owns 4,404 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 201 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of CyrusOne by 6.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 6,297 shares of the real estate investment trust’s stock worth $351,000 after purchasing an additional 372 shares during the last quarter. Finally, Investec Asset Management LTD grew its stake in shares of CyrusOne by 1.9% in the 2nd quarter. Investec Asset Management LTD now owns 22,717 shares of the real estate investment trust’s stock worth $1,266,000 after purchasing an additional 414 shares during the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.
CyrusOne Inc (NASDAQ:CONE) opened at $57.63 on Tuesday. CyrusOne Inc has a fifty-two week low of $41.10 and a fifty-two week high of $65.73. The company has a market cap of $5,591.76, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.10 and a beta of 0.79. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.56.
CyrusOne (NASDAQ:CONE) last announced its earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing the consensus estimate of $0.76 by ($1.37). CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The firm 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 earned $0.67 earnings per share. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. sell-side analysts predict that CyrusOne Inc will post 3.09 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Thursday, December 28th. CyrusOne’s payout ratio is -173.19%.
CONE has been the topic of several recent research reports. Zacks Investment Research cut shares of CyrusOne from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price objective (up previously from $65.00) on shares of CyrusOne in a research note on Wednesday, August 9th. BidaskClub cut shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Deutsche Bank reaffirmed a “buy” rating and issued a $64.00 price objective (up previously from $62.00) on shares of CyrusOne in a research note on Friday, August 11th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $69.00 price objective on shares of CyrusOne in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. CyrusOne has an average rating of “Buy” and a consensus price target of $64.15.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total value of $812,700.00. Following the completion of the transaction, the insider now directly owns 214,063 shares in the company, valued at $12,886,592.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.64% of the company’s stock.
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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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