Royal Bank of Canada Acquires 2,350 Shares of CyrusOne Inc (CONE)
Royal Bank of Canada raised its holdings in CyrusOne Inc (NASDAQ:CONE) by 87.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,026 shares of the real estate investment trust’s stock after buying an additional 2,350 shares during the period. Royal Bank of Canada’s holdings in CyrusOne were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the business. Tudor Investment Corp ET AL bought a new position in shares of CyrusOne in the second quarter valued at $285,000. Balyasny Asset Management LLC lifted its stake in shares of CyrusOne by 29.5% in the second quarter. Balyasny Asset Management LLC now owns 108,784 shares of the real estate investment trust’s stock valued at $6,065,000 after buying an additional 24,784 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of CyrusOne by 29.0% in the second quarter. Stifel Financial Corp now owns 48,609 shares of the real estate investment trust’s stock valued at $2,717,000 after buying an additional 10,928 shares in the last quarter. Numeric Investors LLC bought a new position in shares of CyrusOne in the second quarter valued at $675,000. Finally, Global Financial Private Capital LLC bought a new position in shares of CyrusOne in the second quarter valued at $411,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.
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In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total value of $812,700.00. Following the completion of the transaction, the insider now owns 214,063 shares of the company’s stock, valued at approximately $12,886,592.60. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.64% of the stock is owned by insiders.
CONE has been the topic of a number of recent analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $63.00 price target on shares of CyrusOne in a research report on Tuesday, July 25th. Cowen and Company reissued a “buy” rating and set a $72.00 price target on shares of CyrusOne in a research report on Friday, July 28th. Royal Bank Of Canada reissued a “buy” rating on shares of CyrusOne in a research report on Friday, July 28th. Zacks Investment Research lowered shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price objective (up previously from $65.00) on shares of CyrusOne in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $63.14.
CyrusOne Inc (NASDAQ CONE) opened at $62.13 on Monday. The company has a market cap of $5,673.03, a P/E ratio of 20.99, a P/E/G ratio of 1.11 and a beta of 0.81. CyrusOne Inc has a 12 month low of $39.77 and a 12 month high of $65.73. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.48 and a current ratio of 0.48.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($1.37). CyrusOne had a negative return on equity of 3.23% and a negative net margin of 13.60%. The company had revenue of $175.30 million during the quarter, compared to analysts’ expectations of $177.62 million. During the same period in the prior year, the firm earned $0.67 EPS. CyrusOne’s quarterly revenue was up 21.9% on a year-over-year basis. equities analysts forecast that CyrusOne Inc will post 3.09 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a yield of 2.70%. CyrusOne’s dividend payout ratio is presently -173.19%.
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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