State Street Corp Buys 15,937 Shares of CyrusOne Inc (CONE)

State Street Corp raised its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 1.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 937,653 shares of the company’s stock after buying an additional 15,937 shares during the period. State Street Corp’s holdings in CyrusOne were worth $41,943,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CONE. Public Employees Retirement Association of Colorado raised its position in shares of CyrusOne by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 2,277 shares of the company’s stock valued at $108,000 after buying an additional 8 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of CyrusOne by 7.7% in the third quarter. Daiwa Securities Group Inc. now owns 2,800 shares of the company’s stock valued at $133,000 after buying an additional 200 shares in the last quarter. Kemper Corp Master Retirement Trust raised its position in shares of CyrusOne by 42.2% in the third quarter. Kemper Corp Master Retirement Trust now owns 2,950 shares of the company’s stock valued at $140,000 after buying an additional 875 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of CyrusOne by 0.6% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 3,495 shares of the company’s stock valued at $166,000 after buying an additional 20 shares in the last quarter. Finally, BlackRock Japan Co. Ltd raised its position in shares of CyrusOne by 0.6% in the third quarter. BlackRock Japan Co. Ltd now owns 3,662 shares of the company’s stock valued at $174,000 after buying an additional 21 shares in the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

Shares of CyrusOne Inc (NASDAQ:CONE) opened at 50.83 on Tuesday. The company has a market cap of $4.18 billion, a PE ratio of 211.79 and a beta of 0.82. The stock’s 50 day moving average price is $48.80 and its 200-day moving average price is $46.86. CyrusOne Inc has a 52 week low of $38.80 and a 52 week high of $57.00.

CyrusOne (NASDAQ:CONE) last posted its quarterly earnings data on Wednesday, February 22nd. The company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.05. CyrusOne had a return on equity of 1.78% and a net margin of 3.58%. The business had revenue of $137.40 million for the quarter, compared to analysts’ expectations of $136.28 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s revenue was up 21.3% on a year-over-year basis. Analysts expect that CyrusOne Inc will post $0.32 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $1.68 annualized dividend and a yield of 3.31%. This is a boost from CyrusOne’s previous quarterly dividend of $0.38. CyrusOne’s payout ratio is currently 723.84%.

Your IP Address:

Several equities analysts recently issued reports on the company. Royal Bank of Canada reiterated a “buy” rating and issued a $59.00 price objective on shares of CyrusOne in a research report on Wednesday, March 1st. Zacks Investment Research upgraded CyrusOne from a “strong sell” rating to a “hold” rating in a research report on Friday, January 6th. Guggenheim assumed coverage on CyrusOne in a research report on Thursday, December 1st. They issued a “buy” rating and a $50.00 price objective for the company. Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 price objective on shares of CyrusOne in a research report on Monday, February 27th. Finally, TheStreet upgraded CyrusOne from a “c” rating to a “b-” rating in a research report on Thursday, February 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. CyrusOne has an average rating of “Buy” and a consensus price target of $54.92.

In other CyrusOne news, insider Venkatesh S. Durvasula sold 10,000 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $50.69, for a total value of $506,900.00. Following the transaction, the insider now owns 239,342 shares of the company’s stock, valued at $12,132,245.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by insiders.

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 the CyrusOne footprint and beyond.

5 Day Chart for NASDAQ:CONE

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 Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyrusOne Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Nike Suspends Relationship with Maria Sharapova
Nike Suspends Relationship with Maria Sharapova
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Ron Washington Leaves Texas Rangers Due to an Affair
Ron Washington Leaves Texas Rangers Due to an Affair
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Tony Stewart Case Going to the Grand Jury
Tony Stewart Case Going to the Grand Jury
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder


Leave a Reply

 
© 2006-2017 Web Breaking News.