Principal Financial Group Inc. Raises Position in CyrusOne Inc (CONE)
Principal Financial Group Inc. increased its position in shares of CyrusOne Inc (NASDAQ:CONE) by 19.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 388,341 shares of the real estate investment trust’s stock after acquiring an additional 63,062 shares during the period. Principal Financial Group Inc. owned about 0.44% of CyrusOne worth $22,885,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bellwether Investment Group LLC lifted its holdings in CyrusOne by 1.7% during the 2nd quarter. Bellwether Investment Group LLC now owns 5,710 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 97 shares during the period. Zevenbergen Capital Investments LLC increased its position in CyrusOne by 1.6% in the 2nd quarter. Zevenbergen Capital Investments LLC now owns 11,405 shares of the real estate investment trust’s stock valued at $636,000 after buying an additional 175 shares in the last quarter. Campbell Newman Asset Management Inc. increased its holdings in CyrusOne by 4.8% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 4,404 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 201 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of CyrusOne by 6.3% in the second quarter. Teacher Retirement System of Texas now owns 6,297 shares of the real estate investment trust’s stock valued at $351,000 after acquiring an additional 372 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of CyrusOne by 20.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 388 shares in the last quarter. 95.14% of the stock is currently owned by hedge funds and other institutional investors.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total value of $812,700.00. Following the completion of the transaction, the insider now owns 214,063 shares of the company’s stock, valued at $12,886,592.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.64% of the company’s stock.
CyrusOne Inc (NASDAQ:CONE) opened at $61.30 on Wednesday. The company has a market cap of $5,633.77, a PE ratio of 20.84, a P/E/G ratio of 1.11 and a beta of 0.81. CyrusOne Inc has a fifty-two week low of $40.48 and a fifty-two week 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.
CyrusOne (NASDAQ:CONE) last issued its earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $175.30 million during the quarter, compared to the consensus estimate of $177.62 million. During the same quarter in the prior year, the company earned $0.67 earnings per share. CyrusOne’s revenue was up 21.9% on a year-over-year basis. equities analysts predict that CyrusOne Inc will post 3.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a yield of 2.74%. CyrusOne’s payout ratio is -173.19%.
Several equities analysts recently commented on CONE shares. Jefferies Group LLC reiterated a “buy” rating and issued a $63.00 price objective on shares of CyrusOne in a research note on Tuesday, July 25th. Cowen and Company restated a “buy” rating and set a $72.00 target price on shares of CyrusOne in a research report on Friday, July 28th. Royal Bank Of Canada restated a “buy” rating on shares of CyrusOne in a research report on Friday, July 28th. Zacks Investment Research downgraded CyrusOne from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Stifel Nicolaus restated a “buy” rating and set a $66.00 target price (up previously from $65.00) on shares of CyrusOne in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $63.14.
CyrusOne Company 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.
Receive News & Ratings for CyrusOne Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.