CyrusOne Inc (CONE) Shares Sold by United Capital Financial Advisers LLC

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United Capital Financial Advisers LLC lowered its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 16.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 47,634 shares of the real estate investment trust’s stock after selling 9,399 shares during the period. United Capital Financial Advisers LLC’s holdings in CyrusOne were worth $2,439,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas grew its stake in CyrusOne by 331.0% during the fourth quarter. Teacher Retirement System of Texas now owns 29,632 shares of the real estate investment trust’s stock worth $1,764,000 after buying an additional 22,757 shares during the last quarter. California Public Employees Retirement System grew its stake in CyrusOne by 18.6% during the fourth quarter. California Public Employees Retirement System now owns 166,449 shares of the real estate investment trust’s stock worth $9,909,000 after buying an additional 26,106 shares during the last quarter. Swiss National Bank grew its stake in CyrusOne by 6.0% during the fourth quarter. Swiss National Bank now owns 147,699 shares of the real estate investment trust’s stock worth $8,793,000 after buying an additional 8,300 shares during the last quarter. Sei Investments Co. grew its stake in CyrusOne by 20.5% during the fourth quarter. Sei Investments Co. now owns 212,791 shares of the real estate investment trust’s stock worth $12,668,000 after buying an additional 36,168 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in CyrusOne by 17.2% during the fourth quarter. First Trust Advisors LP now owns 150,493 shares of the real estate investment trust’s stock worth $8,959,000 after buying an additional 22,129 shares during the last quarter. 98.54% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ CONE opened at $58.03 on Friday. CyrusOne Inc has a fifty-two week low of $43.49 and a fifty-two week high of $65.73. The company has a market capitalization of $5.71 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.03 and a beta of 0.80. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.17.

CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data on Wednesday, May 2nd. The real estate investment trust reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.10. The business had revenue of $196.60 million for the quarter, compared to analyst estimates of $185.86 million. CyrusOne had a negative net margin of 1.33% and a negative return on equity of 0.60%. CyrusOne’s revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 earnings per share. research analysts predict that CyrusOne Inc will post 3.26 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.84 annualized dividend and a yield of 3.17%. CyrusOne’s dividend payout ratio (DPR) is presently 58.97%.

Several brokerages have weighed in on CONE. BidaskClub raised shares of CyrusOne from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Deutsche Bank upped their price objective on shares of CyrusOne from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, May 31st. Guggenheim set a $65.00 price objective on shares of CyrusOne and gave the stock a “buy” rating in a research note on Friday, February 23rd. Credit Suisse Group set a $73.00 price objective on shares of CyrusOne and gave the stock a “buy” rating in a research note on Friday, April 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $67.00 price objective on shares of CyrusOne in a research note on Tuesday, February 27th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. CyrusOne has a consensus rating of “Buy” and an average price target of $67.46.

About CyrusOne

CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including 200 Fortune 1000 companies.

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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