Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in CyrusOne Inc (NASDAQ:CONE) by 16.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 13,318 shares of the real estate investment trust’s stock after buying an additional 1,923 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CyrusOne were worth $785,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in CONE. IFP Advisors Inc lifted its stake in CyrusOne by 232.6% during 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 during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in CyrusOne by 3,032.8% during 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 during the last quarter. Almanack Investment Partners LLC. purchased a new stake in CyrusOne during the second quarter worth approximately $124,000. Public Employees Retirement Association of Colorado lifted its stake 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 purchasing an additional 484 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in CyrusOne by 32.9% during the second quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 751 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.
Several equities research analysts recently weighed in on CONE shares. UBS restated a “buy” rating and set a $70.00 target price (up previously from $63.00) on shares of CyrusOne in a research note on Wednesday, November 1st. Cowen restated a “buy” rating and set a $78.00 target price on shares of CyrusOne in a research note on Wednesday, November 1st. Jefferies Group restated a “buy” rating and set a $69.00 target price on shares of CyrusOne in a research note on Monday, August 14th. Deutsche Bank restated a “buy” rating and set a $64.00 target price (up previously from $62.00) on shares of CyrusOne in a research note on Friday, August 11th. Finally, BidaskClub cut CyrusOne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. CyrusOne currently has a consensus rating of “Buy” and a consensus price target of $64.15.
CyrusOne (NASDAQ:CONE) last released its quarterly 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). The firm had revenue of $175.30 million for the quarter, compared to analyst estimates of $177.62 million. CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The company’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period last year, the firm earned $0.67 EPS. equities analysts expect that CyrusOne Inc will post 3.09 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, December 28th. CyrusOne’s dividend payout ratio (DPR) is -173.19%.
In other news, insider Venkatesh S. Durvasula sold 13,500 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total value of $812,700.00. Following the transaction, the insider now owns 214,063 shares of the company’s stock, valued at $12,886,592.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.64% of the company’s stock.
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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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