GSA Capital Partners LLP Acquires Shares of 12,861 CyrusOne Inc (CONE)
GSA Capital Partners LLP acquired a new stake in CyrusOne Inc (NASDAQ:CONE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 12,861 shares of the real estate investment trust’s stock, valued at approximately $751,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CONE. Wells Fargo & Company MN increased its position in shares of CyrusOne by 1.4% in the 1st quarter. Wells Fargo & Company MN now owns 524,931 shares of the real estate investment trust’s stock valued at $26,880,000 after acquiring an additional 7,189 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of CyrusOne by 12.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 93,651 shares of the real estate investment trust’s stock valued at $4,796,000 after acquiring an additional 10,027 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of CyrusOne by 101.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,999 shares of the real estate investment trust’s stock valued at $1,741,000 after acquiring an additional 17,150 shares during the period. Prudential Financial Inc. increased its position in shares of CyrusOne by 4.3% in the 1st quarter. Prudential Financial Inc. now owns 60,482 shares of the real estate investment trust’s stock valued at $3,097,000 after acquiring an additional 2,470 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in shares of CyrusOne by 0.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 126,093 shares of the real estate investment trust’s stock valued at $6,457,000 after acquiring an additional 953 shares during the period. 98.10% of the stock is owned by institutional investors.
Several equities research analysts have commented on the stock. BidaskClub lowered shares of CyrusOne from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Credit Suisse Group set a $73.00 price target on shares of CyrusOne and gave the company a “buy” rating in a report on Wednesday, May 16th. BMO Capital Markets assumed coverage on shares of CyrusOne in a report on Tuesday, July 17th. They issued an “outperform” rating and a $73.00 price target on the stock. Bank of America upped their price target on shares of CyrusOne from $60.00 to $65.00 and gave the company a “buy” rating in a report on Friday, July 13th. Finally, Jefferies Financial Group upped their price target on shares of CyrusOne from $73.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, August 28th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $70.13.
CONE stock opened at $67.26 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.00 and a current ratio of 1.00. CyrusOne Inc has a 52-week low of $43.49 and a 52-week high of $68.25. The stock has a market cap of $6.68 billion, a PE ratio of 20.50, a PEG ratio of 1.25 and a beta of 0.82.
CyrusOne (NASDAQ:CONE) last posted its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.78. CyrusOne had a net margin of 12.96% and a return on equity of 5.65%. The business had revenue of $196.90 million for the quarter, compared to analyst estimates of $199.33 million. During the same period in the prior year, the company posted $0.77 EPS. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. sell-side analysts forecast that CyrusOne Inc will post 3.3 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 12th. Stockholders of record on Friday, September 28th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, September 27th. CyrusOne’s payout ratio is currently 58.97%.
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 200 Fortune 1000 companies.
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