Cornerstone Capital Management Holdings LLC. Grows Stake in CyrusOne Inc (CONE)
Cornerstone Capital Management Holdings LLC. grew its holdings in CyrusOne Inc (NASDAQ:CONE) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,064 shares of the real estate investment trust’s stock after purchasing an additional 1,358 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in CyrusOne were worth $2,122,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Lenox Wealth Management Inc. grew its position in shares of CyrusOne by 514.1% in the second quarter. Lenox Wealth Management Inc. now owns 6,141 shares of the real estate investment trust’s stock valued at $345,000 after purchasing an additional 5,141 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of CyrusOne by 971.8% in the second quarter. Janus Henderson Group PLC now owns 839,934 shares of the real estate investment trust’s stock valued at $46,826,000 after purchasing an additional 761,568 shares during the last quarter. Shelton Capital Management acquired a new stake in shares of CyrusOne in the second quarter valued at approximately $336,000. Flinton Capital Management LLC grew its position in shares of CyrusOne by 2.1% in the second quarter. Flinton Capital Management LLC now owns 24,378 shares of the real estate investment trust’s stock valued at $1,359,000 after purchasing an additional 510 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of CyrusOne by 87.8% in the second quarter. Royal Bank of Canada now owns 5,026 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 2,350 shares during the last quarter. Institutional investors and hedge funds own 96.47% of the company’s stock.
In related 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 transaction of $111,510.00. Following the completion of the sale, the executive vice president now directly owns 24,296 shares in the company, valued at $1,433,464. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.64% of the company’s stock.
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CyrusOne Inc (CONE) opened at 61.67 on Thursday. The stock’s market cap is $5.43 billion. The firm’s 50-day moving average is $61.31 and its 200-day moving average is $57.77. CyrusOne Inc has a 1-year low of $38.80 and a 1-year high of $65.73.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. The business had revenue of $166.90 million during the quarter, compared to analysts’ expectations of $165.71 million. CyrusOne had a negative net margin of 4.35% and a positive return on equity of 1.30%. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same period last year, the company posted $0.67 earnings per share. On average, analysts forecast that CyrusOne Inc will post ($0.24) EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Thursday, September 28th. CyrusOne’s dividend payout ratio is currently -541.92%.
Several equities analysts recently issued reports on the stock. Jefferies Group LLC reissued a “buy” rating and set a $69.00 price objective on shares of CyrusOne in a research note on Monday. William Blair assumed coverage on shares of CyrusOne in a research note on Friday, September 22nd. They set an “outperform” rating on the stock. Cowen and Company reissued a “buy” rating and set a $68.00 price objective on shares of CyrusOne in a research note on Thursday, September 21st. Stifel Nicolaus reissued a “buy” rating and set a $66.00 price objective on shares of CyrusOne in a research note on Thursday, September 14th. Finally, KeyCorp reissued a “hold” rating on shares of CyrusOne in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. CyrusOne presently has an average rating of “Buy” and an average target price of $60.77.
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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