CyrusOne Inc (CONE) Shares Bought by Teachers Insurance & Annuity Association of America
Teachers Insurance & Annuity Association of America boosted its holdings in CyrusOne Inc (NASDAQ:CONE) by 9.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,428 shares of the real estate investment trust’s stock after purchasing an additional 7,388 shares during the period. Teachers Insurance & Annuity Association of America owned about 0.11% of CyrusOne worth $4,818,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in CyrusOne by 20.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 388 shares during the last quarter. Almanack Investment Partners LLC. bought a new stake in shares of CyrusOne in the second quarter valued at $124,000. Public Employees Retirement Association of Colorado raised its stake in shares of CyrusOne by 21.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 484 shares during the period. Perigon Wealth Management LLC raised its stake in shares of CyrusOne by 941.7% in the first quarter. Perigon Wealth Management LLC now owns 3,125 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 2,825 shares during the period. Finally, Janney Capital Management LLC bought a new stake in shares of CyrusOne in the second quarter valued at $210,000. 96.48% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Robert M. Jackson sold 1,890 shares of CyrusOne stock in a transaction on Monday, August 14th. The stock was sold at an average price of $59.00, for a total transaction of $111,510.00. Following the transaction, the executive vice president now directly owns 24,296 shares in the company, valued at $1,433,464. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.64% of the stock is currently owned by insiders.
CyrusOne Inc (CONE) traded up 0.39% during mid-day trading on Tuesday, hitting $62.40. The company had a trading volume of 64,319 shares. The company’s market capitalization is $5.50 billion. CyrusOne Inc has a 52 week low of $38.80 and a 52 week high of $65.73. The firm’s 50 day moving average is $61.04 and its 200 day moving average is $56.22.
CyrusOne (NASDAQ:CONE) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The company had revenue of $166.90 million for the quarter, compared to the consensus estimate of $165.71 million. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. CyrusOne’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 earnings per share. On average, equities research analysts predict that CyrusOne Inc will post ($0.21) EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.68 annualized dividend and a yield of 2.70%. CyrusOne’s dividend payout ratio (DPR) is presently -541.92%.
Several brokerages have issued reports on CONE. 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. KeyCorp restated a “hold” rating on shares of CyrusOne in a research note on Tuesday, September 12th. Morgan Stanley restated an “overweight” rating and issued a $63.00 target price (up from $58.00) on shares of CyrusOne in a research note on Friday, August 25th. Cowen and Company boosted their target price on CyrusOne from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, June 23rd. Finally, Deutsche Bank AG restated a “buy” rating and issued a $64.00 target price (up from $62.00) on shares of CyrusOne in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. CyrusOne presently has a consensus rating of “Buy” and a consensus target price of $61.08.
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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