BB&T Corp bought a new position in shares of CyrusOne Inc (NASDAQ:CONE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,525 shares of the real estate investment trust’s stock, valued at approximately $266,000.
Other hedge funds also recently made changes to their positions in the company. Perigon Wealth Management LLC boosted its stake in CyrusOne by 44.8% during the second quarter. Perigon Wealth Management LLC now owns 4,525 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 1,400 shares during the period. Eagle Asset Management Inc. boosted its stake in CyrusOne by 4.3% during the second quarter. Eagle Asset Management Inc. now owns 304,458 shares of the real estate investment trust’s stock worth $16,973,000 after buying an additional 12,507 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in CyrusOne by 14.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 325,495 shares of the real estate investment trust’s stock worth $18,147,000 after buying an additional 40,044 shares during the period. Alliancebernstein L.P. boosted its stake in CyrusOne by 3.8% during the first quarter. Alliancebernstein L.P. now owns 67,319 shares of the real estate investment trust’s stock worth $3,465,000 after buying an additional 2,494 shares during the period. Finally, Utah Retirement Systems boosted its stake in CyrusOne by 16.9% during the second quarter. Utah Retirement Systems now owns 16,246 shares of the real estate investment trust’s stock worth $905,000 after buying an additional 2,346 shares during the period. 97.17% of the stock is owned by institutional investors.
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CONE has been the subject of several research analyst reports. Zacks Investment Research raised shares of CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating on shares of CyrusOne in a research note on Wednesday, July 19th. Jefferies Group LLC reissued a “buy” rating and set a $63.00 price target on shares of CyrusOne in a research report on Tuesday, July 25th. Cowen and Company reissued a “buy” rating and set a $72.00 price target on shares of CyrusOne in a research report on Friday, July 28th. Finally, Royal Bank Of Canada reissued a “buy” rating 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 stock. The company presently has a consensus rating of “Buy” and an average price target of $62.14.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($1.37). The company had revenue of $175.30 million during the quarter, compared to analysts’ expectations of $177.62 million. CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The firm’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 EPS.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, December 28th. CyrusOne’s dividend payout ratio is presently -173.19%.
In other CyrusOne news, EVP Robert M. Jackson sold 1,890 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 24,296 shares in the company, valued at approximately $1,433,464. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.64% of the stock is owned by corporate 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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