Westpac Banking Corp trimmed its stake in CyrusOne Inc (NASDAQ:CONE) by 36.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,096 shares of the real estate investment trust’s stock after selling 29,630 shares during the period. Westpac Banking Corp owned 0.06% of CyrusOne worth $3,070,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Assets Capital Advisers raised its position in shares of CyrusOne by 16.1% in the 3rd quarter. American Assets Capital Advisers now owns 224,780 shares of the real estate investment trust’s stock worth $13,246,000 after acquiring an additional 31,245 shares in the last quarter. Fortaleza Asset Management Inc. bought a new position in shares of CyrusOne in the 3rd quarter worth $824,000. RMR Advisors LLC raised its position in shares of CyrusOne by 53.3% in the 3rd quarter. RMR Advisors LLC now owns 23,000 shares of the real estate investment trust’s stock worth $1,355,000 after acquiring an additional 8,000 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of CyrusOne in the 3rd quarter worth $551,000. Finally, Honeywell International Inc. raised its position in shares of CyrusOne by 27.7% in the 3rd quarter. Honeywell International Inc. now owns 31,586 shares of the real estate investment trust’s stock worth $1,861,000 after acquiring an additional 6,861 shares in the last quarter. 97.26% of the stock is owned by hedge funds and other institutional investors.
In other CyrusOne news, EVP Robert M. Jackson sold 1,890 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $59.00, for a total transaction of $111,510.00. Following the sale, 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 the SEC website. 1.64% of the stock is currently owned by insiders.
Shares of CyrusOne Inc (NASDAQ:CONE) opened at $62.00 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 firm has a market capitalization of $5,661.16, a PE ratio of 20.95, a price-to-earnings-growth ratio of 1.02 and a beta of 0.81. CyrusOne Inc has a one year low of $38.80 and a one year high of $65.73.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($1.37). The firm had revenue of $175.30 million for the quarter, compared to analysts’ expectations of $177.62 million. CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.23%. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 EPS. equities research analysts forecast that CyrusOne Inc will post 3.09 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.68 annualized dividend and a yield of 2.71%. CyrusOne’s payout ratio is presently -173.19%.
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Several research firms have recently commented on CONE. William Blair began coverage on CyrusOne in a research report on Friday, September 22nd. They issued an “outperform” rating for the company. Zacks Investment Research raised CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Tuesday, July 11th. KeyCorp reissued a “hold” rating on shares of CyrusOne in a research report on Tuesday, September 12th. Morgan Stanley reissued an “overweight” rating and issued a $63.00 price target (up from $58.00) on shares of CyrusOne in a research report on Friday, August 25th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $64.00 price target (up from $62.00) on shares of CyrusOne in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $62.14.
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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