State of Tennessee Treasury Department lifted its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 10.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 105,000 shares of the real estate investment trust’s stock after buying an additional 10,000 shares during the period. State of Tennessee Treasury Department owned about 0.12% of CyrusOne worth $6,187,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. IFP Advisors Inc increased its holdings in shares of CyrusOne by 232.6% during the third quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 1,198 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of CyrusOne by 3,032.8% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 1,850 shares in the last quarter. Almanack Investment Partners LLC. acquired a new position in shares of CyrusOne during the second quarter worth $124,000. PNC Financial Services Group Inc. increased its holdings in shares of CyrusOne by 20.5% during 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 in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in shares of CyrusOne by 21.6% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock worth $152,000 after buying an additional 484 shares in the last quarter. Institutional investors own 96.36% of the company’s stock.
CyrusOne Inc (NASDAQ CONE) opened at $64.12 on Tuesday. CyrusOne Inc has a 1 year low of $38.80 and a 1 year high of $65.73. The firm has a market cap of $5,642.90, a PE ratio of 20.88, a P/E/G ratio of 1.02 and a beta of 0.81. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.48 and a quick ratio of 0.48.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($1.37). The firm had revenue of $175.30 million during 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 company’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. equities analysts expect that CyrusOne Inc will post 3.09 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.68 annualized dividend and a yield of 2.62%. CyrusOne’s dividend payout ratio (DPR) is -173.19%.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total value of $812,700.00. Following the completion of the sale, the insider now owns 214,063 shares in the company, valued at approximately $12,886,592.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.64% of the company’s stock.
CONE has been the subject of a number of recent research reports. BidaskClub upgraded CyrusOne from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Deutsche Bank AG reaffirmed a “buy” rating and set a $71.00 price target on shares of CyrusOne in a research report on Friday. Cowen and Company reaffirmed a “buy” rating and set a $68.00 price target on shares of CyrusOne in a research report on Thursday, September 21st. Mitsubishi UFJ Financial Group raised shares of CyrusOne from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 31st. Finally, UBS AG reaffirmed a “buy” rating and set a $70.00 price target (up previously from $63.00) on shares of CyrusOne in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $62.64.
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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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