Sumitomo Mitsui Trust Holdings Inc. Grows Position in CyrusOne (CONE)

Sumitomo Mitsui Trust Holdings Inc. lifted its stake in CyrusOne (NASDAQ:CONE) by 12.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 93,651 shares of the real estate investment trust’s stock after buying an additional 10,027 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.10% of CyrusOne worth $4,796,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CONE. Cbre Clarion Securities LLC lifted its stake in shares of CyrusOne by 21.7% in the fourth quarter. Cbre Clarion Securities LLC now owns 3,248,065 shares of the real estate investment trust’s stock valued at $193,357,000 after buying an additional 579,122 shares during the period. Ranger Global Real Estate Advisors LLC acquired a new position in CyrusOne in the fourth quarter worth about $13,986,000. Duff & Phelps Investment Management Co. raised its position in CyrusOne by 38.5% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 723,527 shares of the real estate investment trust’s stock worth $43,072,000 after purchasing an additional 201,250 shares in the last quarter. Heitman Real Estate Securities LLC raised its position in CyrusOne by 44.5% in the fourth quarter. Heitman Real Estate Securities LLC now owns 557,371 shares of the real estate investment trust’s stock worth $33,180,000 after purchasing an additional 171,762 shares in the last quarter. Finally, Crosslink Capital Inc. raised its position in CyrusOne by 81.6% in the fourth quarter. Crosslink Capital Inc. now owns 365,794 shares of the real estate investment trust’s stock worth $21,776,000 after purchasing an additional 164,324 shares in the last quarter. Institutional investors and hedge funds own 99.94% of the company’s stock.

CyrusOne opened at $52.03 on Friday, according to MarketBeat. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market cap of $5.29 billion, a PE ratio of 16.42, a PEG ratio of 0.96 and a beta of 0.76. CyrusOne has a 1-year low of $53.04 and a 1-year high of $53.47.

CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.78). The company had revenue of $180.50 million during the quarter, compared to analyst estimates of $182.48 million. CyrusOne had a negative net margin of 1.33% and a negative return on equity of 0.60%. equities analysts predict that CyrusOne will post 3.27 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, June 28th. CyrusOne’s dividend payout ratio is currently 58.97%.

Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of CyrusOne from a “sell” rating to a “hold” rating in a research report on Monday, May 7th. Credit Suisse Group set a $73.00 price target on shares of CyrusOne and gave the stock a “buy” rating in a research report on Wednesday. BidaskClub raised shares of CyrusOne from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Jefferies Group reissued a “buy” rating and issued a $67.00 price target on shares of CyrusOne in a research report on Tuesday, February 27th. Finally, Moffett Nathanson assumed coverage on shares of CyrusOne in a research report on Monday, April 9th. They issued a “hold” rating and a $58.00 price target for the company. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $67.25.

In related news, insider Kevin L. Timmons sold 11,465 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $49.39, for a total value of $566,256.35. Following the completion of the sale, the insider now owns 177,843 shares of the company’s stock, valued at $8,783,665.77. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.64% of the company’s stock.

CyrusOne Company Profile

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 nearly 1,000 customers, including 197 Fortune 1000 companies.

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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