Bellwether Investment Group LLC Purchases 97 Shares of CyrusOne Inc (CONE)
Bellwether Investment Group LLC boosted its position in CyrusOne Inc (NASDAQ:CONE) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,710 shares of the real estate investment trust’s stock after buying an additional 97 shares during the period. CyrusOne comprises approximately 1.5% of Bellwether Investment Group LLC’s holdings, making the stock its 27th largest position. Bellwether Investment Group LLC’s holdings in CyrusOne were worth $318,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. 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. BlackRock Inc. increased its position in CyrusOne by 9,082.1% in the first quarter. BlackRock Inc. now owns 6,929,733 shares of the real estate investment trust’s stock valued at $356,674,000 after buying an additional 6,854,263 shares during the period. State Street Corp increased its position in CyrusOne by 107.4% in the first quarter. State Street Corp now owns 1,944,811 shares of the real estate investment trust’s stock valued at $100,098,000 after buying an additional 1,007,158 shares during the period. Bank of America Corp DE increased its position in CyrusOne by 30.4% in the first quarter. Bank of America Corp DE now owns 1,527,713 shares of the real estate investment trust’s stock valued at $78,631,000 after buying an additional 356,343 shares during the period. Finally, JPMorgan Chase & Co. increased its position in 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 valued at $73,441,000 after buying an additional 417,022 shares during the period. Institutional investors and hedge funds own 96.73% of the company’s stock.
Shares of CyrusOne Inc (NASDAQ CONE) opened at 62.22 on Tuesday. CyrusOne Inc has a 12 month low of $38.80 and a 12 month high of $63.40.
CyrusOne (NASDAQ:CONE) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $166.90 million for the quarter, compared to analysts’ expectations of $165.71 million. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The business’s quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. On average, analysts predict that CyrusOne Inc will post ($0.19) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Thursday, September 28th. CyrusOne’s payout ratio is -541.92%.
CONE has been the topic of several recent analyst reports. TheStreet downgraded shares of CyrusOne from a “b-” rating to a “c” rating in a report on Wednesday, May 3rd. Stifel Nicolaus upped their price objective on shares of CyrusOne from $56.00 to $60.00 and gave the company a “buy” rating in a report on Monday, May 15th. Morgan Stanley restated an “overweight” rating and set a $63.00 price objective (up previously from $58.00) on shares of CyrusOne in a report on Friday. Cowen and Company upped 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. Finally, Zacks Investment Research downgraded shares of CyrusOne from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $61.08.
In other news, CEO Gary J. Wojtaszek sold 38,294 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $58.01, for a total transaction of $2,221,434.94. Following the sale, the chief executive officer now directly owns 511,621 shares in the company, valued at approximately $29,679,134.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gary J. Wojtaszek sold 80,000 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was 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 $29,566,577.59. The disclosure for this sale can be found here. Insiders have sold a total of 128,784 shares of company stock worth $7,453,999 over the last quarter. 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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