Reaves W H & Co. Inc. cut its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 88.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,600 shares of the real estate investment trust’s stock after selling 238,600 shares during the period. Reaves W H & Co. Inc.’s holdings in CyrusOne were worth $2,003,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IFP Advisors Inc grew its position in CyrusOne by 95.8% during the third quarter. IFP Advisors Inc now owns 1,982 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 970 shares in the last quarter. Quad Cities Investment Group LLC purchased a new position in CyrusOne during the second quarter valued at approximately $164,000. NumerixS Investment Technologies Inc acquired a new stake in CyrusOne in the second quarter valued at approximately $179,000. CIBC Asset Management Inc acquired a new stake in CyrusOne in the second quarter valued at approximately $204,000. Finally, First Hawaiian Bank acquired a new stake in CyrusOne in the third quarter valued at approximately $215,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ CONE opened at $54.34 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.22. CyrusOne Inc has a 12-month low of $43.49 and a 12-month high of $69.01. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 1.09 and a beta of 1.05.

CyrusOne (NASDAQ:CONE) last issued its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($1.23). CyrusOne had a return on equity of 5.68% and a net margin of 14.07%. The firm had revenue of $206.60 million during the quarter, compared to analyst estimates of $209.33 million. During the same quarter in the previous year, the firm posted $0.79 earnings per share. CyrusOne’s quarterly revenue was up 17.9% compared to the same quarter last year. As a group, analysts anticipate that CyrusOne Inc will post 3.27 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Wednesday, January 2nd will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Monday, December 31st. CyrusOne’s payout ratio is 58.97%.

In other news, insider Gary J. Wojtaszek sold 10,000 shares of the business’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $66.50, for a total value of $665,000.00. Following the completion of the sale, the insider now directly owns 519,936 shares in the company, valued at $34,575,744. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kevin L. Timmons sold 7,374 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $67.16, for a total transaction of $495,237.84. Following the completion of the sale, the insider now owns 179,490 shares of the company’s stock, valued at $12,054,548.40. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

A number of research firms have issued reports on CONE. MED lifted their target price on shares of CyrusOne from $58.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, August 2nd. BidaskClub cut shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 5th. Jefferies Financial Group reduced their target price on shares of CyrusOne from $75.00 to $66.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. Cowen reduced their target price on shares of CyrusOne from $79.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. They noted that the move was a valuation call. Finally, BMO Capital Markets set a $74.00 target price on shares of CyrusOne and gave the company a “buy” rating in a research note on Monday, August 27th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $67.60.

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CyrusOne Profile

CyrusOne (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including 200 Fortune 1000 companies.

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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