Stevens Capital Management LP Takes $1.03 Million Position in CyrusOne Inc (CONE)

Stevens Capital Management LP purchased a new position in CyrusOne Inc (NASDAQ:CONE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,420 shares of the real estate investment trust’s stock, valued at approximately $1,027,000.

Other large investors have also bought and sold shares of the company. IFP Advisors Inc raised its position in CyrusOne by 232.6% in the third quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 1,198 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in 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 worth $113,000 after purchasing an additional 1,850 shares in the last quarter. Almanack Investment Partners LLC. acquired a new position in CyrusOne in the second quarter worth about $124,000. PNC Financial Services Group Inc. raised its position in 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 in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in 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 in the last quarter. 96.36% of the stock is owned by hedge funds and other institutional investors.

In related 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 completion of the sale, the insider now owns 214,063 shares of the company’s stock, valued at $12,886,592.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.64% of the company’s stock.

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Shares of CyrusOne Inc (NASDAQ CONE) opened at $63.70 on Wednesday. The firm has a market cap of $5,854.73, a P/E ratio of 21.66, a PEG ratio of 1.06 and a beta of 0.81. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.48 and a current ratio of 0.48. CyrusOne Inc has a fifty-two week low of $39.65 and a fifty-two week high of $65.73.

CyrusOne (NASDAQ:CONE) last issued 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). The company had revenue of $175.30 million during the quarter, compared to analyst estimates of $177.62 million. CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.23%. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. equities research analysts forecast that CyrusOne Inc will post 3.09 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Thursday, December 28th. CyrusOne’s dividend payout ratio is currently -173.19%.

CONE has been the subject of several recent research reports. Stifel Nicolaus reissued a “buy” rating on shares of CyrusOne in a research report on Wednesday, July 19th. Jefferies Group LLC reissued a “buy” rating and issued a $63.00 price target on shares of CyrusOne in a research report on Tuesday, July 25th. Cowen and Company reissued a “buy” rating and issued a $72.00 price target on shares of CyrusOne in a research report on Friday, July 28th. Royal Bank Of Canada reissued a “buy” rating on shares of CyrusOne in a research report on Friday, July 28th. 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $62.64.

About CyrusOne

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.

Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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