Canada Pension Plan Investment Board purchased a new position in shares of CyrusOne Inc (NASDAQ:CONE) in the 2nd quarter, Holdings Channel reports. The firm purchased 14,800 shares of the real estate investment trust’s stock, valued at approximately $864,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quad Cities Investment Group LLC acquired a new position in CyrusOne during the 2nd quarter worth approximately $164,000. Bbva Compass Bancshares Inc. acquired a new position in CyrusOne during the 2nd quarter worth approximately $227,000. Fagan Associates Inc. acquired a new position in CyrusOne during the 2nd quarter worth approximately $234,000. Suntrust Banks Inc. acquired a new position in CyrusOne during the 1st quarter worth approximately $234,000. Finally, Buckley Wealth Management LLC acquired a new position in CyrusOne during the 2nd quarter worth approximately $310,000. Institutional investors own 98.54% of the company’s stock.
In related news, insider Venkatesh S. Durvasula sold 5,000 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $64.96, for a total value of $324,800.00. Following the completion of the sale, the insider now owns 227,712 shares in the company, valued at approximately $14,792,171.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert M. Jackson sold 1,514 shares of the company’s stock in a transaction on Tuesday, July 3rd. The shares were sold at an average price of $60.00, for a total transaction of $90,840.00. Following the completion of the sale, the executive vice president now owns 29,799 shares of the company’s stock, valued at approximately $1,787,940. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,683 shares of company stock valued at $1,693,037. 1.64% of the stock is owned by insiders.
Several research firms have commented on CONE. BidaskClub cut shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a report on Wednesday. BMO Capital Markets set a $74.00 price target on shares of CyrusOne and gave the stock a “buy” rating in a report on Monday, August 27th. MED boosted their price target on shares of CyrusOne from $58.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, August 2nd. Stifel Nicolaus assumed coverage on shares of CyrusOne in a research report on Tuesday, July 17th. They set a “buy” rating and a $70.00 price objective for the company. Finally, Deutsche Bank boosted their price objective on shares of CyrusOne from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, May 31st. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $70.13.
Shares of NASDAQ:CONE opened at $66.73 on Friday. The company has a market cap of $6.55 billion, a PE ratio of 21.33, a P/E/G ratio of 1.22 and a beta of 0.82. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.20. CyrusOne Inc has a twelve month low of $43.49 and a twelve month high of $68.25.
CyrusOne (NASDAQ:CONE) last issued its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.78. The business had revenue of $196.90 million during the quarter, compared to the consensus estimate of $199.33 million. CyrusOne had a net margin of 12.96% and a return on equity of 5.65%. The company’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 EPS. equities research analysts forecast that CyrusOne Inc will post 3.3 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Friday, September 28th will be given a $0.46 dividend. The ex-dividend date is Thursday, September 27th. This represents a $1.84 annualized dividend and a yield of 2.76%. CyrusOne’s dividend payout ratio (DPR) is 58.97%.
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.
See Also: Diversification Important in Investing
Want to see what other hedge funds are holding CONE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CyrusOne Inc (NASDAQ:CONE).
Receive News & Ratings for CyrusOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne and related companies with MarketBeat.com's FREE daily email newsletter.