New York State Teachers Retirement System acquired a new position in shares of CyrusOne Inc (NASDAQ:CONE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,400 shares of the real estate investment trust’s stock, valued at approximately $1,202,000.
A number of other institutional investors have also recently modified their holdings of CONE. Cbre Clarion Securities LLC bought a new stake in shares of CyrusOne during the second quarter valued at approximately $93,042,000. Janus Henderson Group PLC grew its stake in shares of CyrusOne by 971.8% during the second quarter. Janus Henderson Group PLC now owns 839,934 shares of the real estate investment trust’s stock valued at $46,826,000 after purchasing an additional 761,568 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of CyrusOne by 5.1% during the second quarter. Vanguard Group Inc. now owns 12,464,124 shares of the real estate investment trust’s stock valued at $694,875,000 after purchasing an additional 602,662 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of CyrusOne by 1,180.9% during the third quarter. Fisher Asset Management LLC now owns 580,216 shares of the real estate investment trust’s stock valued at $34,192,000 after purchasing an additional 534,919 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of CyrusOne by 6.3% during the second quarter. BlackRock Inc. now owns 7,362,899 shares of the real estate investment trust’s stock valued at $410,481,000 after purchasing an additional 433,166 shares during the last quarter. 96.36% of the stock is currently owned by hedge funds and other institutional investors.
CyrusOne Inc (NASDAQ CONE) opened at $64.12 on Tuesday. CyrusOne Inc has a twelve month low of $38.80 and a twelve month high of $65.73. The firm has a market cap of $5,642.90, a P/E ratio of 20.88, a P/E/G ratio of 1.02 and a beta of 0.81. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.56.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($1.37). CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.23%. The business had revenue of $175.30 million during the quarter, compared to analyst estimates of $177.62 million. During the same quarter in the prior year, the company earned $0.67 earnings per share. The company’s quarterly revenue was up 21.9% on a year-over-year basis. equities analysts predict that CyrusOne Inc will post 3.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.42 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.68 annualized dividend and a yield of 2.62%. CyrusOne’s dividend payout ratio (DPR) is presently -173.19%.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total value of $812,700.00. Following the sale, the insider now directly owns 214,063 shares in the company, valued at $12,886,592.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.64% of the company’s stock.
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Several analysts have recently commented on CONE shares. Morgan Stanley reissued an “overweight” rating and set a $63.00 price target (up from $58.00) on shares of CyrusOne in a research note on Friday, August 25th. KeyCorp reissued a “hold” rating on shares of CyrusOne in a research note on Tuesday, September 12th. Zacks Investment Research cut shares of CyrusOne from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub cut shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $64.00 price target (up from $62.00) on shares of CyrusOne in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $62.64.
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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