Public Employees Retirement Association of Colorado lifted its stake in CyrusOne Inc (NASDAQ:CONE) by 22.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,590 shares of the real estate investment trust’s stock after purchasing an additional 2,111 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in CyrusOne were worth $735,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of CONE. Cbre Clarion Securities LLC increased its stake in CyrusOne by 16.9% during the second quarter. Cbre Clarion Securities LLC now owns 3,889,685 shares of the real estate investment trust’s stock worth $227,002,000 after acquiring an additional 560,940 shares during the last quarter. Janus Henderson Group PLC increased its stake in CyrusOne by 42.2% during the second quarter. Janus Henderson Group PLC now owns 1,784,177 shares of the real estate investment trust’s stock worth $104,121,000 after acquiring an additional 529,722 shares during the last quarter. Millennium Management LLC acquired a new stake in CyrusOne during the second quarter worth $26,144,000. Standard Life Aberdeen plc acquired a new stake in CyrusOne during the second quarter worth $16,467,000. Finally, Bank of Montreal Can increased its stake in CyrusOne by 599.2% during the second quarter. Bank of Montreal Can now owns 289,075 shares of the real estate investment trust’s stock worth $16,870,000 after acquiring an additional 247,729 shares during the last quarter. 91.72% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Kevin L. Timmons sold 7,374 shares of CyrusOne stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $67.16, for a total value of $495,237.84. Following the completion of the transaction, the insider now directly owns 179,490 shares in the company, valued at $12,054,548.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gary J. Wojtaszek sold 10,000 shares of CyrusOne stock in a transaction on Friday, August 17th. The shares were sold at an average price of $66.50, for a total value of $665,000.00. Following the completion of the transaction, the insider now owns 519,936 shares of the company’s stock, valued at $34,575,744. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,169 shares of company stock valued at $1,602,197. 1.40% of the stock is currently owned by company insiders.
CyrusOne (NASDAQ:CONE) last released its earnings results on Tuesday, October 30th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.45). The company had revenue of $206.60 million during the quarter, compared to analysts’ expectations of $209.33 million. CyrusOne had a net margin of 12.96% and a return on equity of 5.65%. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the business posted $0.79 earnings per share. Equities research analysts predict that CyrusOne Inc will post 3.3 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were issued a $0.46 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.84 dividend on an annualized basis and a yield of 3.42%. CyrusOne’s dividend payout ratio (DPR) is presently 58.97%.
Several research analysts have recently commented on CONE shares. Zacks Investment Research lowered CyrusOne from a “hold” rating to a “strong sell” rating in a research report on Monday, October 8th. Jefferies Financial Group raised their price target on CyrusOne from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, August 28th. Berenberg Bank started coverage on CyrusOne in a research report on Thursday, September 20th. They set a “hold” rating and a $64.00 price target for the company. Stifel Nicolaus set a $72.00 price target on CyrusOne and gave the stock a “buy” rating in a research report on Friday, August 3rd. Finally, BidaskClub lowered CyrusOne from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $69.53.
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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