Mercer Global Advisors Inc. ADV Takes Position in CyrusOne Inc (CONE)

Mercer Global Advisors Inc. ADV acquired a new position in shares of CyrusOne Inc (NASDAQ:CONE) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,914 shares of the real estate investment trust’s stock, valued at approximately $415,000.

Several other institutional investors and hedge funds also recently modified their holdings of CONE. Oregon Public Employees Retirement Fund lifted its stake in shares of CyrusOne by 5,517.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,191,559 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 2,152,545 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of CyrusOne by 157.0% during the fourth quarter. Deutsche Bank AG now owns 2,336,203 shares of the real estate investment trust’s stock worth $123,534,000 after purchasing an additional 1,427,291 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of CyrusOne by 8.8% during the third quarter. Vanguard Group Inc now owns 15,035,960 shares of the real estate investment trust’s stock worth $953,281,000 after purchasing an additional 1,213,820 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of CyrusOne by 49.2% in the fourth quarter. Principal Financial Group Inc. now owns 3,319,179 shares of the real estate investment trust’s stock worth $175,518,000 after acquiring an additional 1,094,406 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of CyrusOne in the fourth quarter worth about $55,190,000. Institutional investors own 98.04% of the company’s stock.

In other CyrusOne news, EVP Kevin L. Timmons sold 19,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $51.14, for a total transaction of $1,002,344.00. Following the sale, the executive vice president now owns 152,965 shares in the company, valued at $7,822,630.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Klayko acquired 1,955 shares of the business’s stock in a transaction on Monday, March 11th. The shares were purchased at an average price of $51.10 per share, for a total transaction of $99,900.50. Following the purchase, the director now directly 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.

Several research analysts recently commented on CONE shares. TheStreet upgraded CyrusOne from a “c” rating to a “b-” rating in a research note on Wednesday, May 1st. Stifel Nicolaus set a $62.00 price target on CyrusOne and gave the stock a “buy” rating in a research note on Friday, February 22nd. Wells Fargo & Co reiterated a “buy” rating on shares of CyrusOne in a research note on Thursday, February 21st. BMO Capital Markets reiterated a “buy” rating and issued a $68.00 price target on shares of CyrusOne in a research note on Wednesday, February 20th. Finally, BidaskClub upgraded CyrusOne from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. CyrusOne has a consensus rating of “Buy” and an average target price of $64.50.

NASDAQ:CONE opened at $60.45 on Friday. CyrusOne Inc has a one year low of $48.94 and a one year high of $69.01. The stock has a market capitalization of $6.46 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 1.33 and a beta of 0.87. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.59 and a current ratio of 1.59.

CyrusOne (NASDAQ:CONE) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.05. CyrusOne had a return on equity of 2.15% and a net margin of 5.54%. The firm had revenue of $225.00 million for the quarter, compared to analysts’ expectations of $231.36 million. During the same quarter in the prior year, the firm posted $0.85 earnings per share. CyrusOne’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities research analysts predict that CyrusOne Inc will post 3.21 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, June 27th. CyrusOne’s payout ratio is currently 55.59%.

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CyrusOne Company Profile

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 211 Fortune 1000 companies.

Read More: How Investors Use a Balance Sheet

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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