1st Global Advisors Inc. Purchases New Holdings in CyrusOne Inc (CONE)
1st Global Advisors Inc. purchased a new position in shares of CyrusOne Inc (NASDAQ:CONE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,039 shares of the real estate investment trust’s stock, valued at approximately $225,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Almanack Investment Partners LLC. purchased a new position in shares of CyrusOne during the 2nd quarter worth $124,000. PNC Financial Services Group Inc. raised its holdings in shares of CyrusOne by 20.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 388 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in shares of CyrusOne by 21.6% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock worth $152,000 after acquiring an additional 484 shares during the period. Perigon Wealth Management LLC raised its holdings in shares of CyrusOne by 941.7% during the 1st quarter. Perigon Wealth Management LLC now owns 3,125 shares of the real estate investment trust’s stock worth $162,000 after acquiring an additional 2,825 shares during the period. Finally, Janney Capital Management LLC purchased a new position in shares of CyrusOne during the 2nd quarter worth $210,000. Institutional investors and hedge funds own 96.47% of the company’s stock.
CONE has been the topic of several analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $63.00 price target (up previously from $58.00) on shares of CyrusOne in a report on Friday, August 25th. Cowen and Company lifted their price target on CyrusOne from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, June 23rd. Zacks Investment Research lowered shares of CyrusOne from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub lowered shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Finally, KeyCorp restated a “hold” rating on shares of CyrusOne in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $60.77.
CyrusOne Inc (NASDAQ:CONE) opened at 61.89 on Friday. The stock’s 50 day moving average price is $61.25 and its 200-day moving average price is $57.87. CyrusOne Inc has a 12 month low of $38.80 and a 12 month high of $65.73. The firm’s market capitalization is $5.45 billion.
CyrusOne (NASDAQ:CONE) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The business had revenue of $166.90 million during the quarter, compared to analyst estimates of $165.71 million. During the same quarter last year, the firm earned $0.67 earnings per share. The company’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, analysts forecast that CyrusOne Inc will post ($0.24) earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were paid a $0.42 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.71%. CyrusOne’s dividend payout ratio (DPR) is currently -541.92%.
In other news, EVP Robert M. Jackson sold 1,890 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $59.00, for a total value of $111,510.00. Following the completion of the sale, the executive vice president now owns 24,296 shares in the company, valued at $1,433,464. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.64% of the stock is currently owned by company insiders.
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CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.
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