California Public Employees Retirement System grew its stake in CyrusOne Inc (NASDAQ:CONE) by 6.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,500 shares of the real estate investment trust’s stock after purchasing an additional 8,000 shares during the period. California Public Employees Retirement System owned about 0.16% of CyrusOne worth $7,275,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. UBS Asset Management Americas Inc. raised its holdings in CyrusOne by 23.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 57,251 shares of the real estate investment trust’s stock valued at $2,947,000 after buying an additional 10,757 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in CyrusOne by 36.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 107,735 shares of the real estate investment trust’s stock valued at $5,545,000 after buying an additional 28,508 shares during the last quarter. Prudential Financial Inc. raised its holdings in CyrusOne by 702.7% in the 1st quarter. Prudential Financial Inc. now owns 46,386 shares of the real estate investment trust’s stock valued at $2,387,000 after buying an additional 40,607 shares during the last quarter. Alliancebernstein L.P. raised its holdings in CyrusOne by 3.8% in the 1st quarter. Alliancebernstein L.P. now owns 67,319 shares of the real estate investment trust’s stock valued at $3,465,000 after buying an additional 2,494 shares during the last quarter. Finally, Credit Agricole S A raised its holdings in CyrusOne by 11.3% in the 1st quarter. Credit Agricole S A now owns 72,277 shares of the real estate investment trust’s stock valued at $3,720,000 after buying an additional 7,353 shares during the last quarter. Institutional investors own 96.48% of the company’s stock.
CyrusOne (NASDAQ:CONE) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $166.90 million during the quarter, compared to the consensus estimate of $165.71 million. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 earnings per share.
The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.68 dividend on an annualized basis and a yield of 2.68%. CyrusOne’s dividend payout ratio (DPR) is -541.92%.
In other CyrusOne news, EVP Robert M. Jackson sold 1,890 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $59.00, for a total value of $111,510.00. Following the completion of the transaction, the executive vice president now owns 24,296 shares in the company, valued at $1,433,464. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.64% of the stock is currently owned by corporate insiders.
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CONE has been the subject of a number of research reports. Cowen and Company raised their price objective on shares of CyrusOne from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, June 23rd. BidaskClub lowered shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Credit Suisse Group initiated coverage on shares of CyrusOne in a report on Friday, June 30th. They issued an “outperform” rating and a $73.00 price objective for the company. Macquarie reiterated an “outperform” rating and issued a $58.00 price objective on shares of CyrusOne in a report on Tuesday, July 4th. Finally, Zacks Investment Research upgraded shares of CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $60.77.
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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