Janney Capital Management LLC acquired a new stake in CyrusOne Inc (NASDAQ:CONE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,773 shares of the real estate investment trust’s stock, valued at approximately $210,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of CONE. PNC Financial Services Group Inc. increased its position in 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 buying an additional 388 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in 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 buying an additional 484 shares during the last quarter. Perigon Wealth Management LLC increased its position in CyrusOne by 941.7% in the first quarter. Perigon Wealth Management LLC now owns 3,125 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 2,825 shares during the last quarter. Pitcairn Co. bought a new position in CyrusOne during the first quarter valued at about $204,000. Finally, Soros Fund Management LLC bought a new position in CyrusOne during the first quarter valued at about $211,000. Institutional investors own 99.34% of the company’s stock.
CyrusOne Inc (CONE) traded up 1.85% during midday trading on Friday, hitting $58.49. 1,352,534 shares of the company were exchanged. CyrusOne Inc has a one year low of $38.80 and a one year high of $60.55. The firm’s 50-day moving average price is $57.42 and its 200-day moving average price is $53.69.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The firm had revenue of $166.90 million during the quarter, compared to the consensus estimate of $165.71 million. During the same period last year, the company earned $0.67 earnings per share. The company’s revenue was up 28.3% on a year-over-year basis. Equities analysts expect that CyrusOne Inc will post ($0.11) EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.68 annualized dividend and a dividend yield of 2.87%. CyrusOne’s payout ratio is presently -541.92%.
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Several brokerages have recently weighed in on CONE. Barclays PLC lifted their target price on shares of CyrusOne from $53.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, April 25th. Macquarie reiterated an “outperform” rating and set a $58.00 target price on shares of CyrusOne in a research report on Tuesday, July 4th. BidaskClub lowered shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Deutsche Bank AG restated a “buy” rating and issued a $64.00 price target (up from $62.00) on shares of CyrusOne in a research report on Friday. Finally, Cowen and Company restated a “buy” rating and issued a $72.00 price target on shares of CyrusOne in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $60.23.
In other news, CEO Gary J. Wojtaszek sold 38,294 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $58.01, for a total transaction of $2,221,434.94. Following the completion of the transaction, the chief executive officer now directly owns 511,621 shares in the company, valued at $29,679,134.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin L. Timmons sold 8,600 shares of CyrusOne stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $57.89, for a total value of $497,854.00. Following the completion of the sale, the insider now owns 170,137 shares of the company’s stock, valued at $9,849,230.93. The disclosure for this sale can be found here. Insiders have sold 126,894 shares of company stock valued at $7,342,489 over the last 90 days. Corporate insiders own 1.64% of the company’s stock.
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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