Numeric Investors LLC Acquires New Stake in CyrusOne Inc (CONE)

Numeric Investors LLC acquired a new position in CyrusOne Inc (NASDAQ:CONE) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,100 shares of the real estate investment trust’s stock, valued at approximately $675,000.

Several other hedge funds also recently bought and sold shares of the stock. Bellwether Investment Group LLC increased its position in shares of CyrusOne by 1.7% in the second quarter. Bellwether Investment Group LLC now owns 5,710 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 97 shares during the last quarter. Zevenbergen Capital Investments LLC increased its position in shares of CyrusOne by 1.6% in the second quarter. Zevenbergen Capital Investments LLC now owns 11,405 shares of the real estate investment trust’s stock worth $636,000 after purchasing an additional 175 shares during the last quarter. Campbell Newman Asset Management Inc. increased its position in shares of CyrusOne by 4.8% in the second 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 during the last quarter. Teacher Retirement System of Texas increased its position 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 worth $351,000 after purchasing an additional 372 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position 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 worth $116,000 after purchasing an additional 388 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.

In related news, EVP Robert M. Jackson sold 1,890 shares of the company’s stock in a transaction on 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 directly owns 24,296 shares in the company, valued at approximately $1,433,464. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.64% of the stock is currently owned by corporate insiders.

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CONE has been the topic of several research analyst reports. BidaskClub cut shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Royal Bank Of Canada restated a “buy” rating on shares of CyrusOne in a research report on Friday, July 28th. Cowen and Company restated a “buy” rating and issued a $72.00 price objective on shares of CyrusOne in a research report on Friday, July 28th. Jefferies Group LLC restated a “buy” rating and issued a $63.00 price objective on shares of CyrusOne in a research report on Tuesday, July 25th. Finally, Stifel Nicolaus restated a “buy” rating on shares of CyrusOne in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $60.77.

CyrusOne (NASDAQ:CONE) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $166.90 million during the quarter, compared to analysts’ expectations of $165.71 million. During the same period in the prior year, the business earned $0.67 EPS. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Thursday, September 28th. CyrusOne’s dividend payout ratio is -541.92%.

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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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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