Jane Street Group LLC Decreases Position in CyrusOne Inc (NASDAQ:CONE)

Jane Street Group LLC decreased its position in shares of CyrusOne Inc (NASDAQ:CONE) by 10.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,638 shares of the real estate investment trust’s stock after selling 413 shares during the period. Jane Street Group LLC’s holdings in CyrusOne were worth $210,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pitcairn Co. lifted its holdings in CyrusOne by 3.0% during the 2nd quarter. Pitcairn Co. now owns 6,110 shares of the real estate investment trust’s stock worth $352,000 after buying an additional 178 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of CyrusOne by 11.6% in the 2nd quarter. Parallel Advisors LLC now owns 2,025 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 211 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of CyrusOne by 1.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 20,020 shares of the real estate investment trust’s stock worth $1,156,000 after purchasing an additional 220 shares during the last quarter. World Asset Management Inc lifted its holdings in shares of CyrusOne by 5.2% in the 2nd quarter. World Asset Management Inc now owns 5,301 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 260 shares during the last quarter. Finally, Oakbrook Investments LLC lifted its holdings in shares of CyrusOne by 5.1% in the 2nd quarter. Oakbrook Investments LLC now owns 6,150 shares of the real estate investment trust’s stock worth $355,000 after purchasing an additional 300 shares during the last quarter.

Several analysts recently issued reports on CONE shares. Guggenheim set a $81.00 price target on CyrusOne and gave the stock a “buy” rating in a report on Tuesday, September 24th. TheStreet downgraded CyrusOne from a “b-” rating to a “c” rating in a report on Wednesday, July 31st. Zacks Investment Research raised CyrusOne from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Wednesday, October 9th. BidaskClub downgraded CyrusOne from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Morgan Stanley raised their price target on CyrusOne from $68.00 to $78.50 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $69.13.

Shares of CONE stock traded down $0.29 during mid-day trading on Monday, hitting $75.81. 191,529 shares of the stock traded hands, compared to its average volume of 944,052. CyrusOne Inc has a twelve month low of $48.94 and a twelve month high of $79.73. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 1.42 and a beta of 0.53. The company’s 50-day simple moving average is $74.89 and its 200-day simple moving average is $63.22. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.58 and a current ratio of 1.58.

CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.09. CyrusOne had a negative return on equity of 2.45% and a negative net margin of 7.44%. The company had revenue of $251.50 million for the quarter, compared to analysts’ expectations of $238.01 million. During the same period last year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. Analysts forecast that CyrusOne Inc will post 3.55 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, September 26th. This is a boost from CyrusOne’s previous quarterly dividend of $0.46. This represents a $2.00 annualized dividend and a dividend yield of 2.64%. CyrusOne’s dividend payout ratio (DPR) is 60.42%.

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 approximately 1,000 customers, including 212 Fortune 1000 companies.

Further Reading: Hold Rating

Want to see what other hedge funds are holding CONE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CyrusOne Inc (NASDAQ:CONE).

Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

Receive News & Ratings for CyrusOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne and related companies with MarketBeat.com's FREE daily email newsletter.