SG Americas Securities LLC Buys 6,042 Shares of CyrusOne Inc (NASDAQ:CONE)

SG Americas Securities LLC lifted its stake in CyrusOne Inc (NASDAQ:CONE) by 25.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 29,434 shares of the real estate investment trust’s stock after acquiring an additional 6,042 shares during the period. SG Americas Securities LLC’s holdings in CyrusOne were worth $2,328,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in CyrusOne by 3.1% during the second quarter. Vanguard Group Inc. now owns 16,216,705 shares of the real estate investment trust’s stock worth $936,029,000 after purchasing an additional 482,530 shares during the period. Cohen & Steers Inc. raised its stake in shares of CyrusOne by 20.6% in the second quarter. Cohen & Steers Inc. now owns 14,063,823 shares of the real estate investment trust’s stock valued at $811,764,000 after acquiring an additional 2,398,840 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of CyrusOne by 617.5% in the second quarter. Nuveen Asset Management LLC now owns 5,051,779 shares of the real estate investment trust’s stock valued at $291,589,000 after acquiring an additional 4,347,725 shares during the last quarter. Bank of America Corp DE raised its stake in shares of CyrusOne by 3.1% in the second quarter. Bank of America Corp DE now owns 3,297,037 shares of the real estate investment trust’s stock valued at $190,305,000 after acquiring an additional 99,515 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of CyrusOne by 3.2% in the third quarter. Daiwa Securities Group Inc. now owns 2,857,551 shares of the real estate investment trust’s stock valued at $226,032,000 after acquiring an additional 88,428 shares during the last quarter.

Shares of CyrusOne stock traded up $0.32 during midday trading on Friday, reaching $64.62. The company had a trading volume of 4,335 shares, compared to its average volume of 1,308,000. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 1.20 and a beta of 0.49. The stock has a fifty day simple moving average of $74.02 and a 200 day simple moving average of $66.05. CyrusOne Inc has a 1-year low of $48.94 and a 1-year high of $79.73.

CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $250.90 million during the quarter, compared to analyst estimates of $247.81 million. During the same period in the prior year, the business earned $0.79 EPS. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. Sell-side analysts expect that CyrusOne Inc will post 3.57 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Tuesday, December 31st. CyrusOne’s dividend payout ratio is presently 60.42%.

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

A number of research analysts have recently issued reports on the stock. Wells Fargo & Co cut their target price on shares of CyrusOne from $85.00 to $78.00 in a research note on Friday, November 1st. BMO Capital Markets reissued a “buy” rating and issued a $66.00 price target on shares of CyrusOne in a report on Monday, August 5th. BidaskClub lowered shares of CyrusOne from a “sell” rating to a “strong sell” rating in a report on Monday. Cowen lowered shares of CyrusOne from an “outperform” rating to a “market perform” rating in a report on Friday, October 4th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of CyrusOne in a report on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $72.81.

CyrusOne 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.

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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