Teachers Retirement System of The State of Kentucky lifted its holdings in CyrusOne Inc (NASDAQ:CONE) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,100 shares of the real estate investment trust’s stock after acquiring an additional 2,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in CyrusOne were worth $1,018,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in CONE. Atlantic Trust Group LLC bought a new position in shares of CyrusOne in the 3rd quarter valued at about $93,942,000. Santa Barbara Asset Management LLC bought a new position in shares of CyrusOne in the 3rd quarter valued at about $65,169,000. Cbre Clarion Securities LLC lifted its holdings in shares of CyrusOne by 21.7% in the 4th quarter. Cbre Clarion Securities LLC now owns 3,248,065 shares of the real estate investment trust’s stock valued at $193,357,000 after acquiring an additional 579,122 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of CyrusOne by 29.9% in the 3rd quarter. Janus Henderson Group PLC now owns 1,091,406 shares of the real estate investment trust’s stock valued at $64,317,000 after acquiring an additional 251,472 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of CyrusOne by 108.3% in the 3rd quarter. Wells Fargo & Company MN now owns 475,305 shares of the real estate investment trust’s stock valued at $28,010,000 after acquiring an additional 247,103 shares during the last quarter. 99.50% of the stock is owned by hedge funds and other institutional investors.
Shares of CyrusOne stock opened at $51.22 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $4,955.28, a PE ratio of 16.52, a price-to-earnings-growth ratio of 0.93 and a beta of 0.83. CyrusOne Inc has a 12 month low of $43.49 and a 12 month high of $65.73.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.78). The firm had revenue of $180.50 million during the quarter, compared to the consensus estimate of $182.48 million. CyrusOne had a negative return on equity of 2.79% and a negative net margin of 12.43%. equities analysts forecast that CyrusOne Inc will post 3.24 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Wednesday, March 28th. This is an increase from CyrusOne’s previous quarterly dividend of $0.42. CyrusOne’s payout ratio is currently -176.84%.
In other news, insider Kevin L. Timmons sold 11,465 shares of CyrusOne stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $49.39, for a total transaction of $566,256.35. Following the completion of the sale, the insider now owns 177,843 shares of the company’s stock, valued at $8,783,665.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.64% of the company’s stock.
CONE has been the subject of a number of analyst reports. Barclays reaffirmed a “buy” rating and issued a $69.00 price target on shares of CyrusOne in a report on Friday, January 19th. Credit Suisse Group set a $73.00 price target on shares of CyrusOne and gave the company a “buy” rating in a report on Wednesday, January 17th. Jefferies Group reissued a “buy” rating and issued a $67.00 price objective on shares of CyrusOne in a research note on Tuesday, February 27th. Guggenheim set a $65.00 price objective on shares of CyrusOne and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Royal Bank of Canada reissued a “buy” rating on shares of CyrusOne in a research note on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $66.62.
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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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