Gabelli Funds LLC lessened its position in CyrusOne Inc (NASDAQ:CONE) by 15.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 24,500 shares of the real estate investment trust’s stock after selling 4,500 shares during the period. Gabelli Funds LLC’s holdings in CyrusOne were worth $1,938,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in CONE. Pitcairn Co. lifted its stake in shares of CyrusOne by 3.0% in the second quarter. Pitcairn Co. now owns 6,110 shares of the real estate investment trust’s stock valued at $352,000 after purchasing an additional 178 shares during the period. Howe & Rusling Inc. lifted its stake in shares of CyrusOne by 36.4% in the third quarter. Howe & Rusling Inc. now owns 750 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 200 shares during the period. Parallel Advisors LLC lifted its stake in shares of CyrusOne by 11.6% in the second quarter. Parallel Advisors LLC now owns 2,025 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 211 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in shares of CyrusOne by 1.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 20,020 shares of the real estate investment trust’s stock valued at $1,156,000 after purchasing an additional 220 shares during the period. Finally, Texas Permanent School Fund lifted its stake in shares of CyrusOne by 0.3% in the third quarter. Texas Permanent School Fund now owns 77,043 shares of the real estate investment trust’s stock valued at $6,094,000 after purchasing an additional 236 shares during the period. Institutional investors own 99.55% of the company’s stock.
Several brokerages recently commented on CONE. BidaskClub cut shares of CyrusOne from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. TheStreet cut shares of CyrusOne from a “b-” rating to a “c” rating in a research note on Wednesday, July 31st. Credit Suisse Group set a $68.00 target price on shares of CyrusOne and gave the company a “hold” rating in a report on Friday, November 1st. Cowen downgraded shares of CyrusOne from an “outperform” rating to a “market perform” rating in a report on Friday, October 4th. Finally, UBS Group raised their target price on shares of CyrusOne from $64.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. CyrusOne presently has a consensus rating of “Hold” and a consensus price target of $72.81.
NASDAQ:CONE traded down $0.47 during mid-day trading on Friday, hitting $65.60. 1,860,300 shares of the company’s stock traded hands, compared to its average volume of 1,035,154. The firm’s 50 day simple moving average is $75.26 and its 200 day simple moving average is $65.83. CyrusOne Inc has a 1 year low of $48.94 and a 1 year high of $79.73. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $7.82 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 1.28 and a beta of 0.49.
CyrusOne (NASDAQ:CONE) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.75). The firm had revenue of $250.90 million for the quarter, compared to analyst estimates of $247.81 million. CyrusOne had a negative return on equity of 0.08% and a negative net margin of 1.30%. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. On average, research analysts expect that CyrusOne Inc will post 3.57 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, January 2nd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.05%. CyrusOne’s dividend payout ratio (DPR) is presently 60.42%.
In other news, CAO Mark Skomal sold 1,083 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $68.47, for a total transaction of $74,153.01. Following the completion of the transaction, the chief accounting officer now owns 5,515 shares in the company, valued at $377,612.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kevin L. Timmons sold 24,000 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $70.53, for a total transaction of $1,692,720.00. Following the transaction, the executive vice president now owns 101,583 shares of the company’s stock, valued at approximately $7,164,648.99. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.
CyrusOne Company Profile
CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including 212 Fortune 1000 companies.
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