CyrusOne Inc (CONE) Stake Increased by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP boosted its position in shares of CyrusOne Inc (NASDAQ:CONE) by 5.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,020,756 shares of the real estate investment trust’s stock after buying an additional 53,721 shares during the period. Dimensional Fund Advisors LP owned about 1.21% of CyrusOne worth $52,537,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of CyrusOne by 23.0% in the first quarter. Vanguard Group Inc. now owns 11,861,462 shares of the real estate investment trust’s stock worth $610,510,000 after buying an additional 2,220,488 shares in the last quarter. Brookfield Asset Management Inc. increased its position in shares of CyrusOne by 11.9% in the fourth quarter. Brookfield Asset Management Inc. now owns 3,012,123 shares of the real estate investment trust’s stock worth $134,732,000 after buying an additional 320,151 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of CyrusOne by 41.3% in the first quarter. JPMorgan Chase & Co. now owns 1,426,894 shares of the real estate investment trust’s stock worth $73,441,000 after buying an additional 417,022 shares in the last quarter. RidgeWorth Capital Management LLC increased its position in shares of CyrusOne by 18.2% in the first quarter. RidgeWorth Capital Management LLC now owns 1,176,300 shares of the real estate investment trust’s stock worth $61,038,000 after buying an additional 180,950 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in shares of CyrusOne by 3.5% in the first quarter. Teachers Advisors LLC now owns 1,110,891 shares of the real estate investment trust’s stock worth $57,178,000 after buying an additional 37,312 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.
Shares of CyrusOne Inc (CONE) traded down 2.66% during trading on Tuesday, hitting $56.44. The stock had a trading volume of 862,407 shares. The stock’s 50-day moving average is $57.51 and its 200-day moving average is $53.40. The stock’s market cap is $4.52 billion. CyrusOne Inc has a 12-month low of $38.80 and a 12-month high of $60.55.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. CyrusOne had a negative net margin of 4.35% and a positive return on equity of 1.30%. The firm had revenue of $166.90 million for the quarter, compared to analyst estimates of $165.71 million. During the same quarter in the previous year, the business posted $0.67 EPS. The firm’s revenue was up 28.3% compared to the same quarter last year. On average, equities research analysts expect that CyrusOne Inc will post ($0.11) EPS for the current year.
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 is Thursday, September 28th. This represents a $1.68 dividend on an annualized basis and a yield of 2.98%. CyrusOne’s dividend payout ratio is currently -541.92%.
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Several research analysts recently weighed in on the company. Royal Bank Of Canada restated a “buy” rating on shares of CyrusOne in a research note on Friday, July 28th. Cowen and Company restated a “buy” rating and set a $72.00 target price on shares of CyrusOne in a research note on Friday, July 28th. Jefferies Group LLC restated a “buy” rating and set a $63.00 target price on shares of CyrusOne in a research note on Tuesday, July 25th. Stifel Nicolaus restated a “buy” rating on shares of CyrusOne in a research note on Wednesday, July 19th. Finally, Zacks Investment Research upgraded CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $59.29.
In other news, insider Gary J. Wojtaszek sold 80,000 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $57.79, for a total value of $4,623,200.00. Following the sale, the insider now owns 511,621 shares in the company, valued at approximately $29,566,577.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kevin L. Timmons sold 8,600 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $57.89, for a total transaction of $497,854.00. Following the completion of the sale, the insider now owns 170,137 shares in the company, valued at approximately $9,849,230.93. The disclosure for this sale can be found here. In the last 90 days, insiders sold 126,894 shares of company stock worth $7,342,489. Company insiders own 1.64% of the company’s stock.
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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