New York State Common Retirement Fund Has $10.44 Million Stake in CyrusOne Inc (CONE)
New York State Common Retirement Fund grew its position in CyrusOne Inc (NASDAQ:CONE) by 22.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,200 shares of the real estate investment trust’s stock after purchasing an additional 34,499 shares during the quarter. New York State Common Retirement Fund owned approximately 0.23% of CyrusOne worth $10,436,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Almanack Investment Partners LLC. acquired a new stake in shares of CyrusOne in the 2nd quarter valued at $124,000. PNC Financial Services Group Inc. raised its holdings in shares of CyrusOne by 20.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 388 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of CyrusOne by 21.6% in the 2nd 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 purchasing an additional 484 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in shares of CyrusOne by 941.7% in the 1st quarter. Perigon Wealth Management LLC now owns 3,125 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 2,825 shares in the last quarter. Finally, Janney Capital Management LLC acquired a new stake in shares of CyrusOne in the 2nd quarter valued at $210,000. Institutional investors and hedge funds own 96.48% of the company’s stock.
CyrusOne Inc (NASDAQ:CONE) opened at 60.66 on Friday. CyrusOne Inc has a 12 month low of $38.80 and a 12 month high of $65.73.
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 the consensus estimate of $0.74 by $0.03. The business had revenue of $166.90 million during the quarter, compared to analyst estimates of $165.71 million. CyrusOne had a negative net margin of 4.35% and a positive return on equity of 1.30%. The company’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Equities analysts expect that CyrusOne Inc will post ($0.24) EPS for the current year.
The company 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. The ex-dividend date is Thursday, September 28th. This represents a $1.68 annualized dividend and a dividend yield of 2.77%. CyrusOne’s dividend payout ratio is currently -541.92%.
In other news, EVP Robert M. Jackson sold 1,890 shares of the company’s 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 completion of the transaction, the executive vice president now owns 24,296 shares in the company, valued at $1,433,464. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.64% of the stock is currently owned by corporate insiders.
A number of brokerages have recently weighed in on CONE. William Blair began coverage on shares of CyrusOne in a report on Friday, September 22nd. They issued an “outperform” rating on the stock. Zacks Investment Research upgraded shares of CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Tuesday, July 11th. KeyCorp restated a “hold” rating on shares of CyrusOne in a report on Tuesday, September 12th. Morgan Stanley restated an “overweight” rating and issued a $63.00 price objective (up from $58.00) on shares of CyrusOne in a report on Friday, August 25th. Finally, Cowen and Company raised 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $60.77.
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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