GW&K Investment Management LLC boosted its position in shares of CyrusOne Inc (NASDAQ:CONE) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 553,310 shares of the real estate investment trust’s stock after purchasing an additional 1,240 shares during the period. GW&K Investment Management LLC owned 0.49% of CyrusOne worth $43,767,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. grew its position in CyrusOne by 190.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 538 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 353 shares in the last quarter. Meeder Asset Management Inc. grew its position in CyrusOne by 4,750.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 582 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 570 shares in the last quarter. Howe & Rusling Inc. grew its position in CyrusOne by 36.4% during the 3rd quarter. Howe & Rusling Inc. now owns 750 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 200 shares in the last quarter. Strategic Blueprint LLC purchased a new position in CyrusOne during the 3rd quarter worth approximately $86,000. Finally, Pearl River Capital LLC purchased a new position in CyrusOne during the 2nd quarter worth approximately $94,000. Hedge funds and other institutional investors own 99.55% of the company’s stock.
In other CyrusOne news, CAO Mark Skomal sold 1,083 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $68.47, for a total transaction of $74,153.01. Following the sale, the chief accounting officer now directly owns 5,515 shares of the company’s stock, valued at $377,612.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kevin L. Timmons sold 24,000 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $70.53, for a total transaction of $1,692,720.00. Following the sale, the executive vice president now directly owns 101,583 shares in the company, valued at $7,164,648.99. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.
CONE has been the subject of a number of research reports. Credit Suisse Group set a $68.00 target price on shares of CyrusOne and gave the company a “hold” rating in a research note on Friday, November 1st. Raymond James reissued a “buy” rating and set a $82.00 target price (up previously from $72.00) on shares of CyrusOne in a research note on Friday, November 1st. JPMorgan Chase & Co. lowered shares of CyrusOne from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $71.00 to $77.00 in a research note on Friday, November 1st. Stifel Nicolaus reissued a “buy” rating on shares of CyrusOne in a research note on Friday, August 16th. Finally, Wells Fargo & Co decreased their target price on shares of CyrusOne from $85.00 to $78.00 in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. CyrusOne has a consensus rating of “Hold” and an average target price of $72.81.
Shares of CONE stock traded down $0.47 on Friday, hitting $65.60. The company’s stock had a trading volume of 1,860,300 shares, compared to its average volume of 1,035,154. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 1.28 and a beta of 0.49. CyrusOne Inc has a fifty-two week low of $48.94 and a fifty-two week high of $79.73. The firm’s fifty day moving average price is $75.26 and its 200-day moving average price is $65.83.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.75). The firm had revenue of $250.90 million for the quarter, compared to the consensus estimate of $247.81 million. CyrusOne had a negative return on equity of 0.08% and a negative net margin of 1.30%. CyrusOne’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 earnings per share. Analysts predict that CyrusOne Inc will post 3.57 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.00 annualized dividend and a yield of 3.05%. CyrusOne’s dividend payout ratio is 60.42%.
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.
Further Reading: Basic Economics
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