S. Muoio & CO. LLC lessened its position in shares of CyrusOne Inc (NASDAQ:CONE) by 11.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,650 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. S. Muoio & CO. LLC’s holdings in CyrusOne were worth $485,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of 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 acquiring an additional 970 shares during the period. Quad Cities Investment Group LLC purchased a new stake in CyrusOne during the second quarter valued at about $164,000. NumerixS Investment Technologies Inc purchased a new stake in CyrusOne during the second quarter valued at about $179,000. First Hawaiian Bank purchased a new stake in CyrusOne during the third quarter valued at about $215,000. Finally, CIBC Asset Management Inc purchased a new stake in CyrusOne during the second quarter valued at about $204,000. 94.02% of the stock is owned by hedge funds and other institutional investors.

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

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

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

In related news, insider Kevin L. Timmons sold 7,374 shares of the business’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $67.16, for a total value of $495,237.84. Following the transaction, the insider now owns 179,490 shares in the company, valued at $12,054,548.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gary J. Wojtaszek sold 10,000 shares of the business’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $66.50, for a total value of $665,000.00. Following the completion of the transaction, the insider now owns 519,936 shares in the company, valued at approximately $34,575,744. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

A number of equities research analysts have issued reports on the company. Zacks Investment Research raised CyrusOne from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd. BidaskClub downgraded CyrusOne from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th. MED boosted their price target on CyrusOne from $58.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, August 2nd. Stifel Nicolaus set a $70.00 price target on CyrusOne and gave the company a “buy” rating in a research report on Thursday, November 1st. Finally, BMO Capital Markets lowered their price target on CyrusOne from $74.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, November 1st. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $67.60.

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About CyrusOne

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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