Teachers Advisors LLC raised its position in CyrusOne Inc (NASDAQ:CONE) by 24.4% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,073,579 shares of the real estate investment trust’s stock after buying an additional 210,676 shares during the period. Teachers Advisors LLC owned approximately 1.31% of CyrusOne worth $48,021,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in CONE. Public Employees Retirement Association of Colorado boosted its position in CyrusOne by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 2,277 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 8 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in CyrusOne during the fourth quarter worth $125,000. Daiwa Securities Group Inc. boosted its position in CyrusOne by 7.7% in the third quarter. Daiwa Securities Group Inc. now owns 2,800 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 200 shares during the last quarter. Kemper Corp Master Retirement Trust boosted its position in CyrusOne by 42.2% in the third quarter. Kemper Corp Master Retirement Trust now owns 2,950 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 875 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its position in CyrusOne by 0.6% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 3,495 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 20 shares during the last quarter. 96.42% of the stock is owned by institutional investors.
Shares of CyrusOne Inc (NASDAQ:CONE) traded up 1.21% on Thursday, reaching $54.27. The company had a trading volume of 465,790 shares. The firm has a 50-day moving average price of $50.90 and a 200 day moving average price of $47.19. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 226.12 and a beta of 0.82. CyrusOne Inc has a 1-year low of $38.80 and a 1-year high of $57.00.
CyrusOne (NASDAQ:CONE) last posted its earnings results on Wednesday, February 22nd. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. CyrusOne had a net margin of 3.58% and a return on equity of 1.78%. The business had revenue of $137.40 million for the quarter, compared to analyst estimates of $136.28 million. During the same period last year, the business posted $0.61 EPS. CyrusOne’s revenue was up 21.3% compared to the same quarter last year. Equities research analysts predict that CyrusOne Inc will post $0.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. This is a positive change from CyrusOne’s previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a yield of 3.13%. CyrusOne’s dividend payout ratio (DPR) is presently 723.84%.
A number of equities analysts have commented on CONE shares. Citigroup Inc cut CyrusOne from a “neutral” rating to a “sell” rating and set a $43.00 target price for the company. in a report on Wednesday, January 25th. Stifel Nicolaus increased their target price on CyrusOne from $54.00 to $56.00 and gave the company a “buy” rating in a report on Friday, February 24th. TheStreet raised CyrusOne from a “c” rating to a “b-” rating in a report on Thursday, February 23rd. Macquarie reissued an “outperform” rating and set a $58.00 target price on shares of CyrusOne in a report on Thursday, April 6th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $55.00 target price on shares of CyrusOne in a report on Monday, February 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $56.09.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 11,779 shares of the firm’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $50.90, for a total value of $599,551.10. Following the sale, the insider now directly owns 227,563 shares in the company, valued at approximately $11,582,956.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Venkatesh S. Durvasula sold 10,000 shares of the firm’s stock in a transaction on 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 owns 239,342 shares in the company, valued at $12,132,245.98. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
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 its footprint and beyond.
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