First Trust Advisors LP lowered its holdings in shares of CyrusOne Inc (NASDAQ:CONE) by 18.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,364 shares of the real estate investment trust’s stock after selling 28,968 shares during the quarter. First Trust Advisors LP owned 0.15% of CyrusOne worth $7,564,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Perigon Wealth Management LLC raised its position in shares of 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 purchasing an additional 1,400 shares during the period. Eagle Asset Management Inc. raised its position in shares of 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 purchasing an additional 12,507 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of 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 purchasing an additional 40,044 shares during the period. Utah Retirement Systems raised its position in shares of 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 purchasing an additional 2,346 shares during the period. Finally, Comerica Bank raised its position in shares of CyrusOne by 6.8% during the second quarter. Comerica Bank now owns 61,986 shares of the real estate investment trust’s stock worth $3,626,000 after purchasing an additional 3,932 shares during the period. 96.36% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on the company. William Blair assumed coverage on CyrusOne in a report on Friday, September 22nd. They set an “outperform” rating for the company. KeyCorp reiterated a “hold” rating on shares of CyrusOne in a report on Tuesday, September 12th. Morgan Stanley reiterated an “overweight” rating and set a $63.00 price objective (up from $58.00) on shares of CyrusOne in a report on Friday, August 25th. Deutsche Bank AG reiterated a “buy” rating and set a $64.00 price objective (up from $62.00) on shares of CyrusOne in a report on Friday, August 11th. Finally, BidaskClub downgraded CyrusOne from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. One investment 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 company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $62.64.
CyrusOne Inc (NASDAQ CONE) opened at $64.12 on Tuesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.48 and a quick ratio of 0.48. The firm 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 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 Zacks’ consensus estimate of $0.76 by ($1.37). The company had revenue of $175.30 million during the quarter, compared to the consensus estimate 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 prior year, the business earned $0.67 earnings per share. equities research analysts predict that CyrusOne Inc will post 3.09 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a $0.42 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.62%. CyrusOne’s payout ratio is -173.19%.
In other news, insider Venkatesh S. Durvasula sold 13,500 shares of the firm’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 value 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 $12,886,592.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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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