Oregon Public Employees Retirement Fund boosted its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 23.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,983 shares of the real estate investment trust’s stock after buying an additional 6,414 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in CyrusOne were worth $2,003,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in CONE. IFP Advisors Inc raised its position in shares of CyrusOne by 232.6% in the 3rd quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 1,198 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of CyrusOne by 3,032.8% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 1,850 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in shares of CyrusOne in the 2nd quarter worth about $124,000. PNC Financial Services Group Inc. raised its position in shares of CyrusOne by 20.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 388 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in shares of CyrusOne by 21.6% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock worth $152,000 after acquiring an additional 484 shares in the last quarter. 96.36% of the stock is currently owned by hedge funds and other institutional investors.
CONE has been the subject of a number of research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $69.00 target price on shares of CyrusOne in a research report on Monday, August 14th. UBS AG raised CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Thursday, November 2nd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $71.00 target price on shares of CyrusOne in a research report on Friday. BidaskClub raised CyrusOne from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $72.00 target price on shares of CyrusOne in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $62.64.
Shares of CyrusOne Inc (NASDAQ CONE) opened at $61.80 on Monday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.48 and a current ratio of 0.48. The company has a market capitalization of $5,642.90, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 1.02 and a beta of 0.81. CyrusOne Inc has a twelve month low of $38.80 and a twelve month high of $65.73.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($1.37). The company had revenue of $175.30 million for the quarter, compared to the consensus estimate of $177.62 million. CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 earnings per share. sell-side analysts predict that CyrusOne Inc will post 3.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Thursday, December 28th. CyrusOne’s dividend payout ratio is currently -173.19%.
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In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total transaction of $812,700.00. Following the completion of the sale, the insider now directly owns 214,063 shares of the company’s stock, valued at approximately $12,886,592.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.64% 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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