Spirit of America Management Corp NY Has $2.59 Million Position in CyrusOne Inc (CONE)

Spirit of America Management Corp NY boosted its position in shares of CyrusOne Inc (NASDAQ:CONE) by 4.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,300 shares of the real estate investment trust’s stock after acquiring an additional 2,150 shares during the period. Spirit of America Management Corp NY’s holdings in CyrusOne were worth $2,585,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CONE. Cohen & Steers Inc. increased its stake in CyrusOne by 52.5% during the 3rd quarter. Cohen & Steers Inc. now owns 11,176,542 shares of the real estate investment trust’s stock valued at $708,593,000 after purchasing an additional 3,846,356 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in CyrusOne by 5,517.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,191,559 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 2,152,545 shares in the last quarter. Deutsche Bank AG increased its stake in CyrusOne by 157.0% during the 4th quarter. Deutsche Bank AG now owns 2,336,203 shares of the real estate investment trust’s stock valued at $123,534,000 after purchasing an additional 1,427,291 shares in the last quarter. Vanguard Group Inc increased its stake in CyrusOne by 8.8% during the 3rd quarter. Vanguard Group Inc now owns 15,035,960 shares of the real estate investment trust’s stock valued at $953,281,000 after purchasing an additional 1,213,820 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in CyrusOne by 49.2% during the 4th quarter. Principal Financial Group Inc. now owns 3,319,179 shares of the real estate investment trust’s stock valued at $175,518,000 after purchasing an additional 1,094,406 shares in the last quarter. 98.04% of the stock is owned by institutional investors.

NASDAQ CONE traded up $0.05 during mid-day trading on Wednesday, reaching $56.57. 6,583 shares of the stock were exchanged, compared to its average volume of 1,028,497. CyrusOne Inc has a 1 year low of $48.94 and a 1 year high of $69.01. The company has a market capitalization of $6.23 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.25 and a beta of 0.87. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.54 and a current ratio of 0.54.

CyrusOne (NASDAQ:CONE) last announced its quarterly earnings results on Wednesday, February 20th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.04. CyrusOne had a net margin of 0.15% and a return on equity of 0.06%. The firm had revenue of $221.30 million for the quarter, compared to the consensus estimate of $223.80 million. During the same period in the prior year, the firm posted $0.84 earnings per share. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. On average, equities analysts expect that CyrusOne Inc will post 3.17 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Thursday, March 28th. CyrusOne’s dividend payout ratio (DPR) is presently 55.59%.

CONE has been the topic of a number of recent analyst reports. Bank of America lowered shares of CyrusOne from a “buy” rating to a “neutral” rating and set a $52.88 price target on the stock. in a research note on Wednesday, January 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $68.00 price objective on shares of CyrusOne in a research note on Wednesday, February 20th. Wells Fargo & Co reiterated a “buy” rating on shares of CyrusOne in a research note on Thursday, February 21st. BidaskClub upgraded shares of CyrusOne from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 18th. Finally, Jefferies Financial Group lowered shares of CyrusOne from a “buy” rating to a “hold” rating and cut their price objective for the stock from $62.00 to $54.00 in a research note on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $62.55.

In related news, CEO Gary J. Wojtaszek acquired 4,000 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were acquired at an average cost of $49.86 per share, with a total value of $199,440.00. Following the completion of the acquisition, the chief executive officer now directly owns 396,534 shares in the company, valued at approximately $19,771,185.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael Klayko acquired 1,955 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were bought at an average cost of $51.10 per share, for a total transaction of $99,900.50. Following the completion of the acquisition, the director now owns 12,016 shares of the company’s stock, valued at $614,017.60. The disclosure for this purchase can be found here. Corporate insiders own 1.40% of the company’s stock.

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About CyrusOne

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 208 Fortune 1000 companies.

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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