Janney Montgomery Scott LLC increased its stake in CyrusOne Inc (NASDAQ:CONE) by 34.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,846 shares of the real estate investment trust’s stock after buying an additional 6,823 shares during the period. Janney Montgomery Scott LLC’s holdings in CyrusOne were worth $1,497,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CONE. Vanguard Group Inc. raised its position in shares of CyrusOne by 23.0% in the first quarter. Vanguard Group Inc. now owns 11,861,462 shares of the real estate investment trust’s stock valued at $610,510,000 after buying an additional 2,220,488 shares during the period. BlackRock Inc. raised its position in shares of CyrusOne by 9,082.1% in the first quarter. BlackRock Inc. now owns 6,929,733 shares of the real estate investment trust’s stock valued at $356,674,000 after buying an additional 6,854,263 shares during the period. State Street Corp raised its position in shares of CyrusOne by 107.4% in the first quarter. State Street Corp now owns 1,944,811 shares of the real estate investment trust’s stock valued at $100,098,000 after buying an additional 1,007,158 shares during the period. Bank of America Corp DE raised its position in shares of CyrusOne by 30.4% in the first quarter. Bank of America Corp DE now owns 1,527,713 shares of the real estate investment trust’s stock valued at $78,631,000 after buying an additional 356,343 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of CyrusOne by 41.3% in the first quarter. JPMorgan Chase & Co. now owns 1,426,894 shares of the real estate investment trust’s stock valued at $73,441,000 after buying an additional 417,022 shares during the period. Institutional investors own 99.34% of the company’s stock.
Shares of CyrusOne Inc (NASDAQ CONE) opened at 56.67 on Thursday. The stock’s market capitalization is $4.53 billion. CyrusOne Inc has a 52-week low of $38.80 and a 52-week high of $60.55. The firm’s 50-day moving average is $57.43 and its 200 day moving average is $53.60.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. CyrusOne had a negative net margin of 4.35% and a positive return on equity of 1.30%. The business had revenue of $166.90 million during the quarter, compared to analysts’ expectations of $165.71 million. During the same period last year, the company posted $0.67 EPS. The business’s revenue was up 28.3% on a year-over-year basis. Equities analysts expect that CyrusOne Inc will post ($0.11) EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.97%. CyrusOne’s dividend payout ratio is presently -541.92%.
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CONE has been the subject of several research reports. Credit Suisse Group initiated coverage on shares of CyrusOne in a research report on Friday, June 30th. They issued an “outperform” rating and a $73.00 target price for the company. Barclays PLC upped their target price on shares of CyrusOne from $53.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 25th. Stifel Nicolaus upped their target price on shares of CyrusOne from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Zacks Investment Research lowered shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, BidaskClub lowered shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $59.71.
In related news, CEO Gary J. Wojtaszek sold 38,294 shares of CyrusOne stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $58.01, for a total transaction of $2,221,434.94. Following the completion of the transaction, the chief executive officer now directly owns 511,621 shares of the company’s stock, valued at approximately $29,679,134.21. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gary J. Wojtaszek sold 80,000 shares of CyrusOne stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $57.79, for a total transaction of $4,623,200.00. Following the transaction, the insider now directly owns 511,621 shares of the company’s stock, valued at $29,566,577.59. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 126,894 shares of company stock valued at $7,342,489. 1.64% of the stock is owned by corporate insiders.
CyrusOne Company Profile
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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