Tiverton Asset Management LLC Decreases Position in CyrusOne Inc (CONE)
Tiverton Asset Management LLC cut its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 27.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,307 shares of the real estate investment trust’s stock after selling 18,193 shares during the quarter. Tiverton Asset Management LLC owned 0.06% of CyrusOne worth $2,749,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the stock. TIAA CREF Investment Management LLC grew its holdings in shares of CyrusOne by 7.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 537,752 shares of the real estate investment trust’s stock valued at $29,980,000 after purchasing an additional 36,560 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of CyrusOne by 1.5% during the 2nd quarter. Teachers Advisors LLC now owns 1,127,431 shares of the real estate investment trust’s stock valued at $62,854,000 after purchasing an additional 16,540 shares during the last quarter. Raymond James Trust N.A. grew its holdings in shares of CyrusOne by 7.7% during the 2nd quarter. Raymond James Trust N.A. now owns 9,259 shares of the real estate investment trust’s stock valued at $516,000 after purchasing an additional 659 shares during the last quarter. Symphony Asset Management LLC bought a new stake in shares of CyrusOne during the 2nd quarter valued at approximately $1,302,000. Finally, Riverhead Capital Management LLC grew its holdings in shares of CyrusOne by 713.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,692 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 4,992 shares during the last quarter. 96.73% of the stock is currently owned by institutional investors.
In other news, EVP Robert M. Jackson sold 1,890 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $59.00, for a total value of $111,510.00. Following the transaction, the executive vice president now owns 24,296 shares in the company, valued at $1,433,464. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.64% of the stock is currently owned by company insiders.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of CyrusOne from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Tuesday, July 11th. KeyCorp reaffirmed a “hold” rating on shares of CyrusOne in a report on Tuesday. Morgan Stanley reissued an “overweight” rating and set a $63.00 target price (up from $58.00) on shares of CyrusOne in a report on Friday, August 25th. Cowen and Company boosted their target price on shares of CyrusOne from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, June 23rd. Finally, Deutsche Bank AG reissued a “buy” rating and set a $64.00 target price (up from $62.00) on shares of CyrusOne in a report on Friday, August 11th. One 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 company’s stock. The company currently has an average rating of “Buy” and an average target price of $61.08.
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Shares of CyrusOne Inc (CONE) traded up 0.31% on Friday, hitting $61.79. 3,233,921 shares of the stock were exchanged. The company has a 50 day moving average of $60.96 and a 200 day moving average of $56.05. CyrusOne Inc has a 52-week low of $38.80 and a 52-week high of $65.73. The company’s market cap is $5.44 billion.
CyrusOne (NASDAQ:CONE) last issued its 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 negative net margin of 4.35% and a positive return on equity of 1.30%. The firm had revenue of $166.90 million for the quarter, compared to analysts’ expectations of $165.71 million. During the same quarter last year, the business earned $0.67 earnings per share. The business’s revenue was up 28.3% on a year-over-year basis. Equities research analysts forecast that CyrusOne Inc will post ($0.21) earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Thursday, September 28th. CyrusOne’s dividend payout ratio is -541.92%.
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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