Nicholas Company Inc. purchased a new stake in shares of CyrusOne Inc (NASDAQ:CONE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 32,085 shares of the real estate investment trust’s stock, valued at approximately $1,788,000.
A number of other hedge funds have also made changes to their positions in CONE. PNC Financial Services Group Inc. increased its stake in CyrusOne by 20.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 388 shares in the last quarter. Almanack Investment Partners LLC. bought a new stake in CyrusOne during the 2nd quarter valued at $124,000. Public Employees Retirement Association of Colorado increased its stake in CyrusOne by 21.6% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 484 shares in the last quarter. Perigon Wealth Management LLC increased its stake in CyrusOne by 941.7% during the 1st quarter. Perigon Wealth Management LLC now owns 3,125 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 2,825 shares in the last quarter. Finally, Janney Capital Management LLC bought a new stake in CyrusOne during the 2nd quarter valued at $210,000. Institutional investors and hedge funds own 96.48% of the company’s stock.
A number of brokerages have commented on CONE. Zacks Investment Research upgraded shares of CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Tuesday, July 11th. KeyCorp reiterated a “hold” rating on shares of CyrusOne in a research note on Tuesday, September 12th. Morgan Stanley reiterated an “overweight” rating and issued a $63.00 target price (up previously from $58.00) on shares of CyrusOne in a research note on Friday, August 25th. Cowen and Company upped their target price on shares of CyrusOne from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, June 23rd. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $64.00 target price (up previously from $62.00) on shares of CyrusOne in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. CyrusOne has an average rating of “Buy” and a consensus price target of $61.08.
CyrusOne Inc (NASDAQ CONE) opened at 62.16 on Tuesday. CyrusOne Inc has a 52-week low of $38.80 and a 52-week high of $65.73. The company’s 50-day moving average is $61.04 and its 200 day moving average is $56.22. The company’s market cap is $5.48 billion.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The company had revenue of $166.90 million during the quarter, compared to the consensus estimate of $165.71 million. During the same period last year, the company earned $0.67 EPS. CyrusOne’s revenue for the quarter was up 28.3% on a year-over-year basis. Equities analysts forecast that CyrusOne Inc will post ($0.21) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.42 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.68 annualized dividend and a yield of 2.70%. CyrusOne’s payout ratio is -541.92%.
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In related news, EVP Robert M. Jackson sold 1,890 shares of CyrusOne stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $59.00, for a total value of $111,510.00. Following the completion of the sale, the executive vice president now directly owns 24,296 shares in the company, valued at approximately $1,433,464. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.64% of the stock is currently owned by company insiders.
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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