Bronfman E.L. Rothschild L.P. cut its holdings in CyrusOne Inc (NASDAQ:CONE) by 39.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,766 shares of the real estate investment trust’s stock after selling 1,789 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in CyrusOne were worth $154,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake 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 valued at $116,000 after acquiring an additional 388 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in 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 acquiring an additional 484 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in 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 acquiring an additional 2,825 shares during the last quarter. Pitcairn Co. acquired a new stake in CyrusOne in the first quarter valued at approximately $204,000. Finally, Janney Capital Management LLC acquired a new stake in CyrusOne in the second quarter valued at approximately $210,000. Hedge funds and other institutional investors own 96.73% of the company’s stock.
A number of research firms have issued reports on CONE. BidaskClub cut shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and issued a $66.00 price objective (up from $65.00) on shares of CyrusOne in a research note on Wednesday, August 9th. Jefferies Group LLC restated a “buy” rating and issued a $69.00 price objective on shares of CyrusOne in a research note on Monday, August 14th. KeyCorp restated a “hold” rating on shares of CyrusOne in a research note on Tuesday. Finally, Zacks Investment Research cut shares of CyrusOne from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. CyrusOne has an average rating of “Buy” and an average price target of $61.08.
In other CyrusOne news, EVP Robert M. Jackson sold 1,890 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $59.00, for a total value of $111,510.00. Following the completion of the sale, the executive vice president now owns 24,296 shares in the company, valued at approximately $1,433,464. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.64% of the company’s stock.
CyrusOne Inc (NASDAQ:CONE) opened at 61.62 on Friday. The company’s market cap is $5.43 billion. CyrusOne Inc has a 12 month low of $38.80 and a 12 month high of $65.73. The company’s 50-day moving average is $60.89 and its 200-day moving average is $55.96.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The business had revenue of $166.90 million for the quarter, compared to analyst estimates of $165.71 million. During the same period last year, the company earned $0.67 EPS. CyrusOne’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, equities research analysts anticipate that CyrusOne Inc will post ($0.21) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.73%. The ex-dividend date is Thursday, September 28th. CyrusOne’s dividend payout ratio (DPR) is currently -541.92%.
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CyrusOne Company Profile
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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