Tygh Capital Management Inc. Buys 29,389 Shares of CyrusOne Inc (CONE)
Tygh Capital Management Inc. grew its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 31.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,196 shares of the real estate investment trust’s stock after buying an additional 29,389 shares during the quarter. CyrusOne accounts for approximately 1.4% of Tygh Capital Management Inc.’s portfolio, making the stock its 24th largest holding. Tygh Capital Management Inc. owned about 0.14% of CyrusOne worth $7,201,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. Bellwether Investment Group LLC grew its stake in shares of CyrusOne by 1.7% during the second quarter. Bellwether Investment Group LLC now owns 5,710 shares of the real estate investment trust’s stock valued at $318,000 after buying an additional 97 shares during the last quarter. Zevenbergen Capital Investments LLC grew its stake in shares of CyrusOne by 1.6% during the second 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 during the last quarter. Campbell Newman Asset Management Inc. grew its stake in shares of CyrusOne by 4.8% during the second quarter. Campbell Newman Asset Management Inc. now owns 4,404 shares of the real estate investment trust’s stock valued at $246,000 after buying an additional 201 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of CyrusOne by 6.3% during 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 buying an additional 372 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of CyrusOne by 20.5% during 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 buying an additional 388 shares during the last quarter. 97.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CyrusOne Inc (CONE) traded up $0.11 on Tuesday, reaching $62.11. 924,909 shares of the company’s stock traded hands, compared to its average volume of 830,660. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.56. CyrusOne Inc has a twelve month low of $38.80 and a twelve month high of $65.73. The stock has a market capitalization of $5,650.00, a price-to-earnings ratio of 20.95, a PEG ratio of 1.02 and a beta of 0.81.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $177.62 million. During the same quarter last year, the business earned $0.67 earnings per share. The business’s quarterly revenue was up 21.9% on a year-over-year basis. analysts anticipate that CyrusOne Inc will post 3.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.42 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.68 annualized dividend and a yield of 2.70%. CyrusOne’s dividend payout ratio (DPR) is presently -171.43%.
Several analysts recently issued reports on CONE shares. William Blair started coverage on CyrusOne in a research note on Friday, September 22nd. They issued an “outperform” rating on the stock. Zacks Investment Research raised CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Tuesday, July 11th. KeyCorp reissued a “hold” rating on shares of CyrusOne in a research note on Tuesday, September 12th. Morgan Stanley reissued an “overweight” rating and issued a $63.00 target price (up from $58.00) on shares of CyrusOne in a research note on Friday, August 25th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $64.00 target price (up from $62.00) on shares of CyrusOne in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CyrusOne has an average rating of “Buy” and an average target price of $62.14.
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In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 214,063 shares in the company, valued at $12,886,592.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert M. Jackson sold 1,890 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $59.00, for a total transaction of $111,510.00. Following the completion of the sale, the executive vice president now owns 24,296 shares of the company’s stock, valued at $1,433,464. The disclosure for this sale can be found here. Company 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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