California State Teachers Retirement System boosted its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 0.3% in the third quarter, Holdings Channel reports. The fund owned 178,369 shares of the real estate investment trust’s stock after purchasing an additional 482 shares during the period. California State Teachers Retirement System’s holdings in CyrusOne were worth $14,109,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of CONE. Vanguard Group Inc. increased its holdings in shares of CyrusOne by 3.1% in the second quarter. Vanguard Group Inc. now owns 16,216,705 shares of the real estate investment trust’s stock valued at $936,029,000 after purchasing an additional 482,530 shares during the period. Cohen & Steers Inc. raised its stake in shares of CyrusOne by 20.6% during the second quarter. Cohen & Steers Inc. now owns 14,063,823 shares of the real estate investment trust’s stock worth $811,764,000 after purchasing an additional 2,398,840 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of CyrusOne by 617.5% during the second quarter. Nuveen Asset Management LLC now owns 5,051,779 shares of the real estate investment trust’s stock worth $291,589,000 after purchasing an additional 4,347,725 shares during the last quarter. State Street Corp lifted its holdings in shares of CyrusOne by 0.3% during the third quarter. State Street Corp now owns 4,612,722 shares of the real estate investment trust’s stock worth $367,155,000 after purchasing an additional 12,331 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of CyrusOne by 3.1% during the second quarter. Bank of America Corp DE now owns 3,297,037 shares of the real estate investment trust’s stock worth $190,305,000 after purchasing an additional 99,515 shares during the period. 99.89% of the stock is owned by institutional investors.
Shares of CONE opened at $62.13 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.21. CyrusOne Inc has a 52-week low of $48.94 and a 52-week high of $79.73. The company has a 50-day simple moving average of $68.93 and a 200-day simple moving average of $66.46. The company has a market capitalization of $7.05 billion, a PE ratio of 17.85, a P/E/G ratio of 1.16 and a beta of 0.44.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.75). CyrusOne had a negative return on equity of 0.08% and a negative net margin of 1.30%. The company had revenue of $250.90 million for the quarter, compared to analysts’ expectations of $247.81 million. During the same period in the prior year, the firm posted $0.79 EPS. The firm’s quarterly revenue was up 21.4% on a year-over-year basis. On average, research analysts anticipate that CyrusOne Inc will post 3.57 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.22%. CyrusOne’s payout ratio is 60.42%.
A number of equities analysts recently weighed in on the stock. SunTrust Banks set a $78.00 price objective on shares of CyrusOne and gave the company a “buy” rating in a research note on Friday, November 1st. Bank of America set a $80.00 target price on shares of CyrusOne and gave the stock a “buy” rating in a research note on Friday, August 16th. Guggenheim set a $81.00 target price on shares of CyrusOne and gave the company a “buy” rating in a report on Tuesday, September 24th. BMO Capital Markets reiterated a “buy” rating and set a $66.00 price target on shares of CyrusOne in a research note on Monday, August 5th. Finally, Zacks Investment Research lowered shares of CyrusOne from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $72.81.
In related news, CAO Mark Skomal sold 1,083 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $68.47, for a total value of $74,153.01. Following the sale, the chief accounting officer now owns 5,515 shares in the company, valued at approximately $377,612.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kevin L. Timmons sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $70.53, for a total value of $1,692,720.00. Following the completion of the transaction, the executive vice president now directly owns 101,583 shares of the company’s stock, valued at $7,164,648.99. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including 212 Fortune 1000 companies.
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