TCW Group Inc. bought a new position in shares of CyrusOne Inc (NASDAQ:CONE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 230,600 shares of the real estate investment trust’s stock, valued at approximately $11,869,000. TCW Group Inc. owned about 0.27% of CyrusOne at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in CyrusOne during the fourth quarter valued at about $191,934,000. Brookfield Asset Management Inc. raised its position in shares of CyrusOne by 11.9% in the fourth quarter. Brookfield Asset Management Inc. now owns 3,012,123 shares of the real estate investment trust’s stock worth $134,732,000 after buying an additional 320,151 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of CyrusOne by 41.3% in the first quarter. JPMorgan Chase & Co. now owns 1,426,894 shares of the real estate investment trust’s stock worth $73,441,000 after buying an additional 417,022 shares in the last quarter. RidgeWorth Capital Management LLC raised its position in shares of CyrusOne by 18.2% in the first quarter. RidgeWorth Capital Management LLC now owns 1,176,300 shares of the real estate investment trust’s stock worth $61,038,000 after buying an additional 180,950 shares in the last quarter. Finally, Heitman Real Estate Securities LLC increased its stake in shares of CyrusOne by 1.0% in the fourth quarter. Heitman Real Estate Securities LLC now owns 1,175,166 shares of the real estate investment trust’s stock worth $52,565,000 after buying an additional 11,763 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.
Shares of CyrusOne Inc (NASDAQ:CONE) traded up 0.0214% on Tuesday, hitting $57.9324. The stock had a trading volume of 198,741 shares. CyrusOne Inc has a 52-week low of $38.80 and a 52-week high of $59.35. The firm’s market cap is $4.87 billion. The firm’s 50-day moving average price is $56.01 and its 200 day moving average price is $50.70.
CyrusOne (NASDAQ:CONE) last posted its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. CyrusOne had a positive return on equity of 2.27% and a negative net margin of 2.87%. The business had revenue of $149.30 million during the quarter, compared to the consensus estimate of $150.63 million. On average, equities research analysts predict that CyrusOne Inc will post ($0.02) EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Wednesday, June 28th. CyrusOne’s dividend payout ratio is presently -884.16%.
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A number of equities research analysts recently weighed in on the stock. TheStreet downgraded shares of CyrusOne from a “b-” rating to a “c” rating in a research note on Wednesday, May 3rd. Stifel Nicolaus reiterated a “buy” rating on shares of CyrusOne in a report on Tuesday, April 25th. Mitsubishi UFJ Financial Group initiated coverage on CyrusOne in a research report on Tuesday, April 25th. They set a “neutral” rating and a $54.00 price objective for the company. Royal Bank Of Canada lifted their price target on CyrusOne from $59.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $55.00 target price on shares of CyrusOne in a research report on Monday, February 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. CyrusOne currently has a consensus rating of “Buy” and an average target price of $56.69.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 11,779 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $50.90, for a total transaction of $599,551.10. Following the completion of the sale, the insider now directly owns 227,563 shares of the company’s stock, valued at approximately $11,582,956.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gary J. Wojtaszek sold 80,000 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $57.79, for a total value of $4,623,200.00. Following the transaction, the insider now directly owns 511,621 shares of the company’s stock, valued at $29,566,577.59. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 138,673 shares of company stock valued at $7,942,040. 1.64% of the stock is owned by company insiders.
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.
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