Northern Trust Corp boosted its position in CyrusOne Inc (NASDAQ:CONE) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 751,134 shares of the real estate investment trust’s stock after acquiring an additional 18,567 shares during the period. Northern Trust Corp owned 0.94% of CyrusOne worth $41,875,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in CONE. BlackRock Inc. boosted its holdings in 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 worth $356,674,000 after acquiring an additional 6,854,263 shares in the last quarter. Vanguard Group Inc. boosted its holdings in 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 worth $610,510,000 after acquiring an additional 2,220,488 shares in the last quarter. State Street Corp boosted its holdings in 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 worth $100,098,000 after acquiring an additional 1,007,158 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in CyrusOne by 1,668.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 869,130 shares of the real estate investment trust’s stock worth $44,734,000 after acquiring an additional 819,970 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in CyrusOne by 149.3% in the second quarter. Great West Life Assurance Co. Can now owns 716,563 shares of the real estate investment trust’s stock worth $39,869,000 after acquiring an additional 429,188 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.
A number of research analysts have recently weighed in on the company. Macquarie restated an “outperform” rating and issued a $58.00 target price on shares of CyrusOne in a report on Tuesday, July 4th. Jefferies Group LLC restated a “buy” rating and issued a $69.00 target price on shares of CyrusOne in a report on Monday, August 14th. Cowen and Company restated a “buy” rating and issued a $72.00 target price on shares of CyrusOne in a report on Friday, July 28th. BidaskClub upgraded CyrusOne from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Finally, Zacks Investment Research upgraded CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $60.77.
In related news, EVP Robert M. Jackson sold 1,890 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $59.00, for a total value of $111,510.00. Following the transaction, the executive vice president now directly owns 24,296 shares of the company’s stock, valued at approximately $1,433,464. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.64% of the company’s stock.
Shares of CyrusOne Inc (NASDAQ CONE) opened at 61.26 on Wednesday. The company’s 50 day moving average price is $61.38 and its 200-day moving average price is $57.34. The stock’s market capitalization is $5.40 billion. CyrusOne Inc has a 12 month low of $38.80 and a 12 month high of $65.73.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings data 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 business had revenue of $166.90 million for the quarter, compared to analysts’ expectations of $165.71 million. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. Equities analysts predict that CyrusOne Inc will post ($0.24) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a $0.42 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.68 annualized dividend and a yield of 2.74%. CyrusOne’s dividend payout ratio (DPR) is presently -541.92%.
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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