Hodges Capital Management Inc. lessened its holdings in CyrusOne Inc (NASDAQ:CONE) by 92.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,385 shares of the real estate investment trust’s stock after selling 107,960 shares during the quarter. Hodges Capital Management Inc.’s holdings in CyrusOne were worth $595,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of CONE. Cbre Clarion Securities LLC boosted its holdings in shares of CyrusOne by 16.9% in the 2nd quarter. Cbre Clarion Securities LLC now owns 3,889,685 shares of the real estate investment trust’s stock valued at $227,002,000 after purchasing an additional 560,940 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of CyrusOne by 42.2% during the 2nd quarter. Janus Henderson Group PLC now owns 1,784,177 shares of the real estate investment trust’s stock valued at $104,121,000 after acquiring an additional 529,722 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of CyrusOne during the 2nd quarter valued at $26,144,000. Standard Life Aberdeen plc acquired a new stake in shares of CyrusOne during the 2nd quarter valued at $16,467,000. Finally, Bank of Montreal Can boosted its holdings in shares of CyrusOne by 599.2% during the 2nd quarter. Bank of Montreal Can now owns 289,075 shares of the real estate investment trust’s stock valued at $16,870,000 after acquiring an additional 247,729 shares in the last quarter. 91.72% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Robert M. Jackson sold 1,795 shares of CyrusOne stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $65.27, for a total value of $117,159.65. Following the completion of the transaction, the executive vice president now directly owns 25,497 shares of the company’s stock, valued at approximately $1,664,189.19. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Venkatesh S. Durvasula sold 5,000 shares of CyrusOne stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $64.96, for a total value of $324,800.00. Following the completion of the transaction, the insider now directly owns 227,712 shares of the company’s stock, valued at $14,792,171.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,169 shares of company stock valued at $1,602,197. 1.40% of the stock is owned by corporate insiders.
CyrusOne (NASDAQ:CONE) last announced its earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($1.23). The company had revenue of $206.60 million for the quarter, compared to the consensus estimate of $209.33 million. CyrusOne had a return on equity of 5.65% and a net margin of 12.96%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.79 earnings per share. Analysts expect that CyrusOne Inc will post 3.3 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.42%. The ex-dividend date was Thursday, September 27th. CyrusOne’s dividend payout ratio is currently 58.97%.
Several research firms recently weighed in on CONE. BMO Capital Markets reissued a “buy” rating and set a $74.00 price objective on shares of CyrusOne in a report on Tuesday. BidaskClub downgraded CyrusOne from a “buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Co set a $66.00 price objective on CyrusOne and gave the company a “buy” rating in a report on Thursday, October 18th. Zacks Investment Research downgraded CyrusOne from a “hold” rating to a “strong sell” rating in a report on Monday, October 8th. Finally, ValuEngine downgraded CyrusOne from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company. CyrusOne currently has an average rating of “Buy” and a consensus price target of $69.53.
CyrusOne Company Profile
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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