Castleark Management LLC grew its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 11.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 220,224 shares of the real estate investment trust’s stock after buying an additional 23,119 shares during the quarter. Castleark Management LLC’s holdings in CyrusOne were worth $12,277,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in shares of CyrusOne by 5.6% during the second quarter. The Manufacturers Life Insurance Company now owns 118,839 shares of the real estate investment trust’s stock valued at $6,626,000 after buying an additional 6,275 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of CyrusOne by 691.8% during the second quarter. Cubist Systematic Strategies LLC now owns 18,822 shares of the real estate investment trust’s stock valued at $1,049,000 after buying an additional 16,445 shares during the last quarter. State Street Corp grew its stake in shares of CyrusOne by 6.6% during the second quarter. State Street Corp now owns 2,073,936 shares of the real estate investment trust’s stock valued at $115,625,000 after buying an additional 129,125 shares during the last quarter. Dana Investment Advisors Inc. bought a new position in shares of CyrusOne during the second quarter valued at about $10,652,000. Finally, Cornerstone Capital Management Holdings LLC. grew its stake in shares of CyrusOne by 3.7% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 38,064 shares of the real estate investment trust’s stock valued at $2,122,000 after buying an additional 1,358 shares during the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.
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A number of research analysts have recently issued reports on CONE shares. BidaskClub cut CyrusOne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of CyrusOne in a research note on Friday, July 28th. Cowen and Company reaffirmed a “buy” rating and set a $72.00 price objective on shares of CyrusOne in a research note on Friday, July 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $63.00 price objective on shares of CyrusOne in a research note on Tuesday, July 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of CyrusOne in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $60.77.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. The company had revenue of $166.90 million for the quarter, compared to the consensus estimate of $165.71 million. CyrusOne had a negative net margin of 4.35% and a positive return on equity of 1.30%. The firm’s revenue was up 28.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 EPS.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.68 annualized dividend and a yield of 2.71%. CyrusOne’s payout ratio is -541.92%.
In related news, EVP Robert M. Jackson sold 1,890 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $59.00, for a total transaction of $111,510.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.64% of the company’s stock.
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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