Ontario Teachers Pension Plan Board purchased a new stake in CyrusOne Inc (NASDAQ:CONE) in the first quarter, Holdings Channel reports. The firm purchased 16,644 shares of the real estate investment trust’s stock, valued at approximately $1,028,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CONE. SeaBridge Investment Advisors LLC purchased a new stake in shares of CyrusOne in the first quarter valued at approximately $25,000. First National Bank of South Miami purchased a new stake in CyrusOne during the fourth quarter worth $26,000. Wealthcare Advisory Partners LLC purchased a new stake in CyrusOne during the first quarter worth $27,000. Lindbrook Capital LLC purchased a new stake in CyrusOne during the first quarter worth $35,000. Finally, Point72 Asset Management L.P. purchased a new stake in CyrusOne during the fourth quarter worth $46,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.
A number of analysts have weighed in on CONE shares. Stifel Nicolaus lowered their target price on CyrusOne from $85.00 to $80.00 and set a “buy” rating for the company in a report on Friday, February 21st. BMO Capital Markets restated a “hold” rating and set a $70.00 target price on shares of CyrusOne in a report on Wednesday, April 29th. SunTrust Banks upped their price target on CyrusOne from $78.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Zacks Investment Research raised CyrusOne from a “sell” rating to a “hold” rating in a research report on Wednesday, April 29th. Finally, Wells Fargo & Co upped their price target on CyrusOne from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $76.19.
NASDAQ CONE opened at $72.31 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.20 and a quick ratio of 1.20. The stock’s fifty day moving average price is $68.83 and its 200 day moving average price is $64.19. CyrusOne Inc has a 1 year low of $43.72 and a 1 year high of $79.73. The company has a market cap of $8.08 billion, a price-to-earnings ratio of -241.03, a PEG ratio of 0.83 and a beta of 0.43.
CyrusOne (NASDAQ:CONE) last released its earnings results on Wednesday, April 29th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.82). CyrusOne had a negative net margin of 3.32% and a positive return on equity of 1.54%. The firm had revenue of $245.10 million during the quarter, compared to analyst estimates of $249.49 million. During the same period in the previous year, the company earned $0.82 earnings per share. CyrusOne’s revenue was up 8.9% on a year-over-year basis. Research analysts expect that CyrusOne Inc will post 3.83 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.77%. The ex-dividend date is Thursday, June 25th. CyrusOne’s dividend payout ratio is currently 55.10%.
In other CyrusOne news, CFO Diane M. Morefield sold 13,916 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $73.60, for a total transaction of $1,024,217.60. Following the sale, the chief financial officer now directly owns 41,095 shares of the company’s stock, valued at approximately $3,024,592. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Klayko sold 5,515 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $73.60, for a total value of $405,904.00. The disclosure for this sale can be found here. Insiders have sold a total of 47,029 shares of company stock worth $3,195,142 over the last ninety days. 0.55% of the stock is 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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