Public Employees Retirement System of Ohio increased its position in CyrusOne Inc (NASDAQ:CONE) by 8.5% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 34,220 shares of the real estate investment trust’s stock after buying an additional 2,669 shares during the period. Public Employees Retirement System of Ohio’s holdings in CyrusOne were worth $1,761,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in shares of CyrusOne by 20.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 388 shares during the period. Comerica Bank purchased a new position in CyrusOne during the fourth quarter valued at $203,000. Pitcairn Co. purchased a new position in CyrusOne during the first quarter valued at $204,000. Soros Fund Management LLC purchased a new position in CyrusOne during the first quarter valued at $211,000. Finally, Campbell Newman Asset Management Inc. purchased a new position in CyrusOne during the first quarter valued at $216,000. 99.34% of the stock is owned by institutional investors.
CyrusOne Inc (NASDAQ CONE) opened at 58.49 on Friday. CyrusOne Inc has a 52-week low of $38.80 and a 52-week high of $60.55.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. CyrusOne had a negative net margin of 4.35% and a positive return on equity of 1.30%. The firm had revenue of $166.90 million for the quarter, compared to analyst estimates of $165.71 million. During the same period in the previous year, the business earned $0.67 EPS. The company’s revenue was up 28.3% compared to the same quarter last year. On average, analysts forecast that CyrusOne Inc will post ($0.11) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.68 annualized dividend and a yield of 2.87%. CyrusOne’s payout ratio is currently -541.92%.
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CONE has been the subject of several research analyst reports. Credit Suisse Group assumed coverage on CyrusOne in a research note on Friday, June 30th. They issued an “outperform” rating and a $73.00 price objective for the company. Morgan Stanley reissued an “overweight” rating and set a $58.00 price target (up previously from $56.00) on shares of CyrusOne in a research report on Wednesday, May 17th. TheStreet downgraded CyrusOne from a “b-” rating to a “c” rating in a research report on Wednesday, May 3rd. Stifel Nicolaus reissued a “buy” rating on shares of CyrusOne in a research report on Tuesday, April 25th. Finally, Royal Bank Of Canada raised their price target on CyrusOne from $59.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $60.23.
In related news, CEO Gary J. Wojtaszek sold 38,294 shares of CyrusOne stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $58.01, for a total transaction of $2,221,434.94. Following the completion of the sale, the chief executive officer now owns 511,621 shares of the company’s stock, valued at approximately $29,679,134.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gary J. Wojtaszek sold 80,000 shares of CyrusOne stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $57.79, for a total transaction of $4,623,200.00. Following the sale, the insider now directly owns 511,621 shares of the company’s stock, valued at approximately $29,566,577.59. The disclosure for this sale can be found here. Insiders sold a total of 126,894 shares of company stock worth $7,342,489 over the last quarter. Company insiders own 1.64% 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 its footprint and beyond.
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