Pendal Group Ltd reduced its stake in CyrusOne Inc (NASDAQ:CONE) by 14.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,300 shares of the real estate investment trust’s stock after selling 4,400 shares during the quarter. Pendal Group Ltd’s holdings in CyrusOne were worth $1,667,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. IFP Advisors Inc grew its holdings in CyrusOne by 95.8% in the 3rd quarter. IFP Advisors Inc now owns 1,982 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 970 shares in the last quarter. Quad Cities Investment Group LLC purchased a new stake in CyrusOne in the 2nd quarter valued at $164,000. NumerixS Investment Technologies Inc purchased a new position in shares of CyrusOne during the 2nd quarter worth $179,000. CIBC Asset Management Inc purchased a new position in shares of CyrusOne during the 2nd quarter worth $204,000. Finally, First Hawaiian Bank purchased a new position in shares of CyrusOne during the 3rd quarter worth $215,000. Institutional investors own 91.78% of the company’s stock.
In related news, insider Gary J. Wojtaszek sold 10,000 shares of the stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $66.50, for a total transaction of $665,000.00. Following the transaction, the insider now owns 519,936 shares of the company’s stock, valued at approximately $34,575,744. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kevin L. Timmons sold 7,374 shares of the stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $67.16, for a total value of $495,237.84. Following the transaction, the insider now directly owns 179,490 shares in the company, valued at approximately $12,054,548.40. The disclosure for this sale can be found here. 1.64% of the stock is currently owned by corporate insiders.
CyrusOne (NASDAQ:CONE) last posted its earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($1.23). CyrusOne had a return on equity of 5.68% and a net margin of 14.07%. The firm had revenue of $206.60 million for the quarter, compared to analyst estimates of $209.33 million. During the same period in the previous year, the company posted $0.79 EPS. CyrusOne’s revenue was up 17.9% on a year-over-year basis. As a group, equities analysts expect that CyrusOne Inc will post 3.27 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Wednesday, January 2nd will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Monday, December 31st. CyrusOne’s payout ratio is 58.97%.
CONE has been the subject of a number of research analyst reports. BidaskClub cut CyrusOne from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 27th. Zacks Investment Research cut CyrusOne from a “hold” rating to a “strong sell” rating in a report on Monday, October 8th. Stifel Nicolaus set a $70.00 price target on CyrusOne and gave the stock a “buy” rating in a report on Thursday, November 1st. Wells Fargo & Co set a $66.00 price target on CyrusOne and gave the stock a “buy” rating in a report on Thursday, October 18th. Finally, ValuEngine upgraded CyrusOne from a “hold” rating to a “buy” rating in a report on Friday, September 14th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $67.81.
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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 200 Fortune 1000 companies.
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