Thrivent Financial For Lutherans raised its holdings in CyrusOne Inc (NASDAQ:CONE) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 307,046 shares of the real estate investment trust’s stock after buying an additional 2,520 shares during the quarter. Thrivent Financial For Lutherans owned about 0.38% of CyrusOne worth $17,118,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Alliancebernstein L.P. grew its position in shares of CyrusOne by 3.8% in the 1st quarter. Alliancebernstein L.P. now owns 67,319 shares of the real estate investment trust’s stock worth $3,465,000 after buying an additional 2,494 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of CyrusOne by 4.3% during the second quarter. Eagle Asset Management Inc. now owns 304,458 shares of the real estate investment trust’s stock valued at $16,973,000 after purchasing an additional 12,507 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of CyrusOne during the first quarter valued at approximately $7,659,000. Comerica Bank boosted its position in shares of CyrusOne by 6.8% during the second quarter. Comerica Bank now owns 61,986 shares of the real estate investment trust’s stock valued at $3,626,000 after purchasing an additional 3,932 shares in the last quarter. Finally, American International Group Inc. boosted its position in shares of CyrusOne by 8,513.1% during the first quarter. American International Group Inc. now owns 148,232 shares of the real estate investment trust’s stock valued at $7,630,000 after purchasing an additional 146,511 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.
In other CyrusOne news, EVP Robert M. Jackson sold 1,890 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $59.00, for a total transaction of $111,510.00. Following the sale, the executive vice president now owns 24,296 shares of the company’s stock, valued at approximately $1,433,464. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.64% of the stock is currently owned by company insiders.
CyrusOne Inc (CONE) opened at 62.60 on Wednesday. The stock’s market cap is $5.51 billion. The firm’s 50-day moving average price is $61.12 and its 200-day moving average price is $56.31. CyrusOne Inc has a 52 week low of $38.80 and a 52 week 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 (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03. The company had revenue of $166.90 million for the quarter, compared to analysts’ expectations of $165.71 million. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. CyrusOne’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Equities analysts predict that CyrusOne Inc will post ($0.21) earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.68 annualized dividend and a yield of 2.68%. CyrusOne’s dividend payout ratio (DPR) is presently -541.92%.
Several research firms recently weighed in on CONE. Stifel Nicolaus restated a “buy” rating and set a $66.00 price target on shares of CyrusOne in a research report on Thursday, September 14th. KeyCorp restated a “hold” rating on shares of CyrusOne in a research report on Tuesday, September 12th. Morgan Stanley restated an “overweight” rating and set a $63.00 price target (up from $58.00) on shares of CyrusOne in a research report on Friday, August 25th. BidaskClub upgraded CyrusOne from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $61.08.
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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