CyrusOne Inc (CONE) Shares Sold by Federated Investors Inc. PA
Federated Investors Inc. PA lowered its position in CyrusOne Inc (NASDAQ:CONE) by 13.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,674 shares of the real estate investment trust’s stock after selling 22,607 shares during the period. Federated Investors Inc. PA’s holdings in CyrusOne were worth $8,178,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of 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 in the last quarter. Vanguard Group Inc. increased its stake 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 valued at $610,510,000 after buying an additional 2,220,488 shares in the last quarter. State Street Corp increased its stake in shares of 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 in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of CyrusOne by 1,668.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 869,130 shares of the real estate investment trust’s stock valued at $44,734,000 after buying an additional 819,970 shares in the last quarter. Finally, Capital Growth Management LP increased its stake in shares of CyrusOne by 700.0% in the first quarter. Capital Growth Management LP now owns 880,000 shares of the real estate investment trust’s stock valued at $45,294,000 after buying an additional 770,000 shares in the last quarter. Institutional investors and hedge funds own 96.73% of the company’s stock.
CyrusOne Inc (NASDAQ:CONE) opened at 62.34 on Wednesday. CyrusOne Inc has a 12 month low of $38.80 and a 12 month high of $63.40.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings results 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 business had revenue of $166.90 million for the quarter, compared to analyst estimates of $165.71 million. During the same period last year, the firm earned $0.67 earnings per share. CyrusOne’s revenue for the quarter was up 28.3% compared to the same quarter last year. Analysts forecast that CyrusOne Inc will post ($0.19) 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 paid a dividend of $0.42 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.68 dividend on an annualized basis and a yield of 2.69%. CyrusOne’s payout ratio is -541.92%.
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CONE has been the subject of several recent research reports. TheStreet downgraded CyrusOne from a “b-” rating to a “c” rating in a report on Wednesday, May 3rd. Stifel Nicolaus increased their price target on CyrusOne from $56.00 to $60.00 and gave the company a “buy” rating in a report on Friday, May 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $63.00 price target (up from $59.00) on shares of CyrusOne in a report on Monday, May 8th. Morgan Stanley reiterated an “overweight” rating and issued a $58.00 price target (up from $56.00) on shares of CyrusOne in a report on Wednesday, May 17th. Finally, Cowen and Company increased their price target on CyrusOne from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $61.08.
In other CyrusOne news, EVP Robert M. Jackson sold 1,890 shares of the 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 sale, the executive vice president now directly owns 24,296 shares in the company, valued at $1,433,464. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gary J. Wojtaszek sold 80,000 shares of the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $57.79, for a total transaction 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 128,784 shares of company stock worth $7,453,999 over the last quarter. Corporate 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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