State of Tennessee Treasury Department Boosts Stake in CyrusOne Inc (CONE)

State of Tennessee Treasury Department raised its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 26.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 95,000 shares of the real estate investment trust’s stock after purchasing an additional 20,000 shares during the quarter. State of Tennessee Treasury Department owned 0.12% of CyrusOne worth $5,297,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in shares of CyrusOne by 20.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 388 shares during the period. Public Employees Retirement Association of Colorado increased its stake in CyrusOne by 21.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 484 shares during the period. Perigon Wealth Management LLC increased its stake in CyrusOne by 941.7% in the first quarter. Perigon Wealth Management LLC now owns 3,125 shares of the real estate investment trust’s stock valued at $162,000 after acquiring an additional 2,825 shares during the period. Pitcairn Co. bought a new stake in CyrusOne in the first quarter valued at about $204,000. Finally, Janney Capital Management LLC bought a new stake in CyrusOne in the second quarter valued at about $210,000. Institutional investors own 96.73% of the company’s stock.

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In related news, EVP Robert M. Jackson sold 1,890 shares of CyrusOne stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $59.00, for a total transaction of $111,510.00. Following the sale, the executive vice president now directly owns 24,296 shares of the company’s stock, valued at approximately $1,433,464. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.64% of the company’s stock.

CyrusOne Inc (NASDAQ CONE) opened at 64.95 on Tuesday. CyrusOne Inc has a 12 month low of $38.80 and a 12 month high of $65.73. The stock’s 50 day moving average is $60.44 and its 200-day moving average is $55.71. The firm’s market capitalization is $5.72 billion.

CyrusOne (NASDAQ:CONE) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. The company had revenue of $166.90 million for the quarter, compared to analyst estimates of $165.71 million. CyrusOne had a negative net margin of 4.35% and a positive return on equity of 1.30%. The firm’s revenue was up 28.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS. Equities analysts anticipate that CyrusOne Inc will post ($0.21) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, September 28th. CyrusOne’s dividend payout ratio (DPR) is presently -541.92%.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Tuesday, July 11th. Morgan Stanley reissued an “overweight” rating and issued a $63.00 target price (up previously from $58.00) on shares of CyrusOne in a research note on Friday, August 25th. Cowen and Company upped their target price on shares of CyrusOne from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, June 23rd. BidaskClub cut shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $64.00 target price (up previously from $62.00) on shares of CyrusOne in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $61.08.

About CyrusOne

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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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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