Sumitomo Mitsui Trust Holdings Inc. Raises Stock Holdings in CyrusOne Inc (NASDAQ:CONE)

Sumitomo Mitsui Trust Holdings Inc. increased its position in CyrusOne Inc (NASDAQ:CONE) by 20.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,449 shares of the real estate investment trust’s stock after acquiring an additional 26,708 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.14% of CyrusOne worth $12,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Pitcairn Co. raised its stake in CyrusOne by 3.0% in the 2nd quarter. Pitcairn Co. now owns 6,110 shares of the real estate investment trust’s stock worth $352,000 after acquiring an additional 178 shares during the last quarter. Howe & Rusling Inc. raised its stake in shares of CyrusOne by 36.4% during the 3rd quarter. Howe & Rusling Inc. now owns 750 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 200 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of CyrusOne by 11.6% during the 2nd quarter. Parallel Advisors LLC now owns 2,025 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 211 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of CyrusOne by 1.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 20,020 shares of the real estate investment trust’s stock valued at $1,156,000 after buying an additional 220 shares during the last quarter. Finally, World Asset Management Inc raised its stake in shares of CyrusOne by 5.2% during the 2nd quarter. World Asset Management Inc now owns 5,301 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 260 shares during the last quarter. Institutional investors own 99.55% of the company’s stock.

Shares of CyrusOne stock traded down $0.22 on Monday, hitting $65.38. The company’s stock had a trading volume of 1,165,116 shares, compared to its average volume of 1,035,750. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.26 and a current ratio of 1.26. CyrusOne Inc has a 1 year low of $48.94 and a 1 year high of $79.73. The firm has a fifty day moving average price of $75.26 and a 200-day moving average price of $65.83. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.28 and a beta of 0.49.

CyrusOne (NASDAQ:CONE) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.75). CyrusOne had a negative net margin of 1.30% and a negative return on equity of 0.08%. The business had revenue of $250.90 million during the quarter, compared to analysts’ expectations of $247.81 million. During the same quarter in the prior year, the firm earned $0.79 EPS. CyrusOne’s revenue for the quarter was up 21.4% on a year-over-year basis. As a group, analysts forecast that CyrusOne Inc will post 3.57 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, January 2nd will be paid a $0.50 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.06%. CyrusOne’s dividend payout ratio is presently 60.42%.

In related news, EVP Kevin L. Timmons sold 24,000 shares of CyrusOne stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $70.53, for a total value of $1,692,720.00. Following the sale, the executive vice president now directly owns 101,583 shares in the company, valued at approximately $7,164,648.99. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Mark Skomal sold 1,083 shares of CyrusOne stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $68.47, for a total value of $74,153.01. Following the completion of the sale, the chief accounting officer now owns 5,515 shares in the company, valued at $377,612.05. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

A number of equities analysts have weighed in on CONE shares. JPMorgan Chase & Co. lowered CyrusOne from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $71.00 to $77.00 in a research note on Friday, November 1st. ValuEngine lowered CyrusOne from a “hold” rating to a “sell” rating in a research note on Friday. Guggenheim set a $81.00 price objective on CyrusOne and gave the company a “buy” rating in a research note on Tuesday, September 24th. UBS Group lifted their price objective on CyrusOne from $64.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Co reduced their price objective on CyrusOne from $85.00 to $78.00 in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. CyrusOne has a consensus rating of “Hold” and a consensus target price of $72.81.

About CyrusOne

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.

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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