State Treasurer State of Michigan grew its holdings in shares of CyrusOne Inc (NASDAQ:CONE) by 2.4% during the first quarter, Holdings Channel reports. The institutional investor owned 38,600 shares of the real estate investment trust’s stock after purchasing an additional 900 shares during the quarter. State Treasurer State of Michigan’s holdings in CyrusOne were worth $2,024,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sageworth Trust Co acquired a new position in shares of CyrusOne during the first quarter valued at approximately $26,000. Lenox Wealth Management Inc. acquired a new position in CyrusOne in the first quarter worth approximately $26,000. Pearl River Capital LLC acquired a new position in CyrusOne in the fourth quarter worth approximately $27,000. Oregon Public Employees Retirement Fund grew its position in CyrusOne by 5,517.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,191,559 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 2,152,545 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in CyrusOne in the first quarter worth approximately $49,000. 98.04% of the stock is currently owned by institutional investors.
In other news, Director Michael Klayko bought 1,955 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average price of $51.10 per share, for a total transaction of $99,900.50. Following the acquisition, the director now directly owns 12,016 shares of the company’s stock, valued at approximately $614,017.60. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gary J. Wojtaszek bought 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The stock was purchased at an average price of $49.86 per share, for a total transaction of $199,440.00. Following the acquisition, the chief executive officer now directly owns 396,534 shares in the company, valued at $19,771,185.24. The disclosure for this purchase can be found here. Company insiders own 1.40% of the company’s stock.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. The business had revenue of $225.00 million during the quarter, compared to analyst estimates of $231.36 million. CyrusOne had a net margin of 5.54% and a return on equity of 2.15%. CyrusOne’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. As a group, analysts forecast that CyrusOne Inc will post 3.36 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.84 annualized dividend and a yield of 2.90%. CyrusOne’s dividend payout ratio (DPR) is presently 55.59%.
CONE has been the topic of several recent research reports. TheStreet upgraded shares of CyrusOne from a “c” rating to a “b-” rating in a research report on Wednesday, May 1st. Stifel Nicolaus set a $62.00 price objective on shares of CyrusOne and gave the stock a “buy” rating in a research note on Friday, February 22nd. Wells Fargo & Co reaffirmed a “buy” rating on shares of CyrusOne in a research note on Thursday, February 21st. BMO Capital Markets reaffirmed a “buy” rating and issued a $68.00 price objective on shares of CyrusOne in a research note on Wednesday, February 20th. Finally, BidaskClub raised shares of CyrusOne from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $64.41.
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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 211 Fortune 1000 companies.
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