Goldman Sachs Group Inc. Lowers Holdings in CyrusOne Inc (CONE)
Goldman Sachs Group Inc. lowered its holdings in shares of CyrusOne Inc (NASDAQ:CONE) by 17.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,091,515 shares of the real estate investment trust’s stock after selling 886,017 shares during the quarter. Goldman Sachs Group Inc.’s holdings in CyrusOne were worth $228,102,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in CyrusOne by 5.1% during the second quarter. Vanguard Group Inc. now owns 12,464,124 shares of the real estate investment trust’s stock valued at $694,875,000 after purchasing an additional 602,662 shares during the last quarter. BlackRock Inc. lifted its position in CyrusOne by 6.3% during the second quarter. BlackRock Inc. now owns 7,362,899 shares of the real estate investment trust’s stock valued at $410,481,000 after purchasing an additional 433,166 shares during the last quarter. State Street Corp lifted its position in CyrusOne by 107.4% during the first quarter. State Street Corp now owns 1,944,811 shares of the real estate investment trust’s stock valued at $100,098,000 after purchasing an additional 1,007,158 shares during the last quarter. Cbre Clarion Securities LLC bought a new position in CyrusOne during the second quarter valued at $93,042,000. Finally, Bank of America Corp DE lifted its position in CyrusOne by 30.4% during the first quarter. Bank of America Corp DE now owns 1,527,713 shares of the real estate investment trust’s stock valued at $78,631,000 after purchasing an additional 356,343 shares during the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.
Shares of CyrusOne Inc (NASDAQ CONE) traded up 2.24% during midday trading on Friday, reaching $58.93. 1,366,737 shares of the company were exchanged. CyrusOne Inc has a 52 week low of $38.80 and a 52 week high of $65.73.
CyrusOne (NASDAQ:CONE) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.03. CyrusOne had a negative net margin of 4.35% and a positive return on equity of 1.30%. The company had revenue of $166.90 million for the quarter, compared to analysts’ expectations of $165.71 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. CyrusOne’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, analysts expect that CyrusOne Inc will post ($0.24) earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a $0.42 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.68 dividend on an annualized basis and a yield of 2.85%. CyrusOne’s payout ratio is currently -541.92%.
Several equities analysts have commented on the stock. BidaskClub lowered shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and issued a $66.00 target price (up previously from $65.00) on shares of CyrusOne in a report on Wednesday, August 9th. Jefferies Group LLC restated a “buy” rating and issued a $69.00 target price on shares of CyrusOne in a report on Monday, August 14th. Zacks Investment Research lowered shares of CyrusOne from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Cowen and Company restated a “buy” rating and issued a $68.00 target price on shares of CyrusOne in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $60.77.
In other CyrusOne news, EVP Robert M. Jackson sold 1,890 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $59.00, for a total value of $111,510.00. Following the transaction, the executive vice president now owns 24,296 shares of the company’s stock, valued at $1,433,464. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.64% of the company’s stock.
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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