Legal & General Group Plc lifted its stake in CyrusOne Inc (NASDAQ:CONE) by 22.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 75,037 shares of the real estate investment trust’s stock after acquiring an additional 13,519 shares during the quarter. Legal & General Group Plc owned approximately 0.08% of CyrusOne worth $4,422,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its position in shares of CyrusOne by 232.6% in the third quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 1,198 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of CyrusOne by 3,032.8% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 1,850 shares during the last quarter. Almanack Investment Partners LLC. acquired a new stake in shares of CyrusOne in the second quarter valued at about $124,000. Public Employees Retirement Association of Colorado increased its position in shares of CyrusOne by 21.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 484 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of CyrusOne by 32.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 751 shares during the last quarter. 96.67% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Venkatesh S. Durvasula sold 13,500 shares of CyrusOne stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total transaction of $812,700.00. Following the completion of the transaction, the insider now owns 214,063 shares in the company, valued at $12,886,592.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.64% of the company’s stock.

A number of analysts recently issued reports on CONE shares. KeyCorp reaffirmed a “hold” rating on shares of CyrusOne in a research report on Tuesday, September 12th. Deutsche Bank reaffirmed a “buy” rating and issued a $71.00 target price on shares of CyrusOne in a research report on Friday, November 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 target price on shares of CyrusOne in a research report on Thursday, September 14th. Jefferies Group reaffirmed a “buy” rating and issued a $69.00 target price on shares of CyrusOne in a research report on Monday, October 16th. Finally, William Blair started coverage on CyrusOne in a research report on Friday, September 22nd. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. CyrusOne presently has a consensus rating of “Buy” and a consensus target price of $64.15.

CyrusOne Inc (NASDAQ CONE) opened at $57.41 on Thursday. CyrusOne Inc has a 1-year low of $43.90 and a 1-year high of $65.73. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $5,419.19, a PE ratio of 20.05, a P/E/G ratio of 1.06 and a beta of 0.79.

CyrusOne (NASDAQ:CONE) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($1.37). CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The business had revenue of $175.30 million for the quarter, compared to the consensus estimate of $177.62 million. During the same quarter in the previous year, the business posted $0.67 EPS. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. analysts forecast that CyrusOne Inc will post 3.1 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, December 28th. CyrusOne’s payout ratio is currently -173.19%.

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CyrusOne Profile

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.

Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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