State Street Corp Buys 15,937 Shares of CyrusOne Inc (CONE)

State Street Corp increased its stake in CyrusOne Inc (NASDAQ:CONE) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 937,653 shares of the company’s stock after buying an additional 15,937 shares during the period. State Street Corp owned approximately 1.16% of CyrusOne worth $41,943,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado increased its stake in CyrusOne by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 2,277 shares of the company’s stock valued at $108,000 after buying an additional 8 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in CyrusOne by 0.6% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 3,495 shares of the company’s stock valued at $166,000 after buying an additional 20 shares during the last quarter. 1st Global Advisors Inc. increased its stake in CyrusOne by 0.3% in the third quarter. 1st Global Advisors Inc. now owns 7,223 shares of the company’s stock valued at $344,000 after buying an additional 21 shares during the last quarter. BlackRock Japan Co. Ltd increased its stake in CyrusOne by 0.6% in the third quarter. BlackRock Japan Co. Ltd now owns 3,662 shares of the company’s stock valued at $174,000 after buying an additional 21 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in CyrusOne by 7.7% in the third quarter. Daiwa Securities Group Inc. now owns 2,800 shares of the company’s stock valued at $133,000 after buying an additional 200 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.

Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

Shares of CyrusOne Inc (NASDAQ:CONE) opened at 50.83 on Tuesday. CyrusOne Inc has a 52 week low of $38.80 and a 52 week high of $57.00. The stock has a market capitalization of $4.18 billion, a P/E ratio of 211.79 and a beta of 0.82. The firm’s 50-day moving average price is $48.80 and its 200 day moving average price is $46.86.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Wednesday, February 22nd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.05. CyrusOne had a return on equity of 1.78% and a net margin of 3.58%. The business earned $137.40 million during the quarter, compared to analysts’ expectations of $136.28 million. During the same period in the previous year, the business posted $0.61 earnings per share. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. Analysts expect that CyrusOne Inc will post $0.32 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.42 per share. This is a boost from CyrusOne’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, March 29th. CyrusOne’s payout ratio is currently 723.84%.

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CONE has been the topic of several recent analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $55.00 target price on shares of CyrusOne in a research note on Monday, February 27th. Stifel Nicolaus increased their target price on CyrusOne from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, February 24th. TheStreet upgraded CyrusOne from a “c” rating to a “b-” rating in a research note on Thursday, February 23rd. Guggenheim initiated coverage on CyrusOne in a research note on Thursday, December 1st. They set a “buy” rating and a $50.00 target price on the stock. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $59.00 target price on shares of CyrusOne in a research note on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $54.92.

In other CyrusOne news, insider Venkatesh S. Durvasula sold 10,000 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $50.69, for a total transaction of $506,900.00. Following the completion of the sale, the insider now directly owns 239,342 shares of the company’s stock, valued at approximately $12,132,245.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

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 the CyrusOne footprint and beyond.

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