BB&T Securities LLC lifted its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 5.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,156 shares of the real estate investment trust’s stock after purchasing an additional 1,686 shares during the period. BB&T Securities LLC’s holdings in CyrusOne were worth $2,386,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CONE. Cullen Frost Bankers Inc. lifted its position in shares of CyrusOne by 190.8% during the second quarter. Cullen Frost Bankers Inc. now owns 538 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 353 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of CyrusOne by 4,750.0% during the third quarter. Meeder Asset Management Inc. now owns 582 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 570 shares in the last quarter. Strategic Blueprint LLC bought a new stake in shares of CyrusOne during the third quarter worth approximately $86,000. Pearl River Capital LLC bought a new stake in shares of CyrusOne during the second quarter worth approximately $94,000. Finally, SG3 Management LLC bought a new stake in shares of CyrusOne during the second quarter worth approximately $115,000. Institutional investors own 99.55% of the company’s stock.

In other CyrusOne news, EVP Kevin L. Timmons sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $70.53, for a total value 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 $7,164,648.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:CONE opened at $68.80 on Thursday. CyrusOne Inc has a 52 week low of $48.94 and a 52 week high of $79.73. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $8.05 billion, a PE ratio of 20.79, a PEG ratio of 1.32 and a beta of 0.49. The company has a 50 day moving average price of $75.61 and a two-hundred day moving average price of $65.74.

CyrusOne (NASDAQ:CONE) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.14 EPS 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 firm had revenue of $250.90 million during the quarter, compared to the consensus estimate of $247.81 million. During the same period in the previous year, the company posted $0.79 EPS. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. On average, sell-side analysts forecast that CyrusOne Inc will post 3.57 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Tuesday, December 31st. CyrusOne’s payout ratio is presently 60.42%.

A number of equities research analysts recently weighed in on the stock. SunTrust Banks set a $78.00 price target on shares of CyrusOne and gave the stock a “buy” rating in a research note on Friday, November 1st. Raymond James reissued a “buy” rating and set a $82.00 price target (up from $72.00) on shares of CyrusOne in a research note on Friday, November 1st. Wells Fargo & Co dropped their price target on shares of CyrusOne from $85.00 to $78.00 in a research note on Friday, November 1st. TheStreet downgraded shares of CyrusOne from a “b-” rating to a “c” rating in a research note on Wednesday, July 31st. Finally, Zacks Investment Research downgraded shares of CyrusOne from a “buy” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. CyrusOne presently has an average rating of “Buy” and an average target price of $72.81.

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.

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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