State of Alaska Department of Revenue Trims Position in CyrusOne Inc (NASDAQ:CONE)

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State of Alaska Department of Revenue trimmed its holdings in shares of CyrusOne Inc (NASDAQ:CONE) by 46.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,365 shares of the real estate investment trust’s stock after selling 25,725 shares during the quarter. State of Alaska Department of Revenue’s holdings in CyrusOne were worth $2,322,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Prudential Financial Inc. increased its position in shares of CyrusOne by 7.9% during the 2nd quarter. Prudential Financial Inc. now owns 71,254 shares of the real estate investment trust’s stock worth $4,113,000 after purchasing an additional 5,210 shares during the last quarter. Walleye Trading LLC increased its position in shares of CyrusOne by 17.6% during the 2nd quarter. Walleye Trading LLC now owns 8,694 shares of the real estate investment trust’s stock worth $502,000 after purchasing an additional 1,299 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in shares of CyrusOne during the 2nd quarter worth about $202,000. Fisher Asset Management LLC increased its position in shares of CyrusOne by 0.8% during the 2nd quarter. Fisher Asset Management LLC now owns 548,554 shares of the real estate investment trust’s stock worth $31,663,000 after purchasing an additional 4,342 shares during the last quarter. Finally, Covenant Multifamily Offices LLC acquired a new stake in shares of CyrusOne during the 2nd quarter worth about $257,000.

Several equities analysts have weighed in on the company. Raymond James lifted their target price on CyrusOne from $68.00 to $72.00 and gave the company a “strong-buy” rating in a research report on Friday, August 2nd. Stifel Nicolaus reaffirmed a “buy” rating on shares of CyrusOne in a research report on Friday, August 16th. TheStreet downgraded CyrusOne from a “b-” rating to a “c” rating in a research report on Wednesday, July 31st. Guggenheim set a $81.00 target price on CyrusOne and gave the company a “buy” rating in a research report on Tuesday, September 24th. Finally, UBS Group downgraded CyrusOne from a “buy” rating to a “neutral” rating and dropped their target price for the company from $64.00 to $62.00 in a research report on Thursday, June 13th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. CyrusOne has an average rating of “Buy” and a consensus target price of $69.33.

Shares of CyrusOne stock traded up $0.45 on Wednesday, reaching $77.62. 2,415 shares of the company were exchanged, compared to its average volume of 1,014,175. CyrusOne Inc has a 1-year low of $48.94 and a 1-year high of $79.73. The company has a market cap of $8.74 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 1.45 and a beta of 0.53. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.58 and a quick ratio of 1.58. The stock’s 50 day moving average price is $74.45 and its 200-day moving average price is $62.85.

CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.09. CyrusOne had a negative return on equity of 2.45% and a negative net margin of 7.44%. The business had revenue of $251.50 million during the quarter, compared to the consensus estimate of $238.01 million. During the same period in the previous year, the company posted $0.81 earnings per share. The business’s revenue for the quarter was up 27.7% on a year-over-year basis. On average, research analysts predict that CyrusOne Inc will post 3.54 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 26th. This is an increase from CyrusOne’s previous quarterly dividend of $0.46. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.58%. CyrusOne’s payout ratio is currently 60.42%.

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 212 Fortune 1000 companies.

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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