Texas Permanent School Fund grew its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 6.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 73,505 shares of the real estate investment trust’s stock after buying an additional 4,248 shares during the period. Texas Permanent School Fund’s holdings in CyrusOne were worth $3,855,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Aptus Capital Advisors LLC purchased a new position in shares of CyrusOne during the 4th quarter valued at about $264,000. American International Group Inc. lifted its position in shares of CyrusOne by 7.1% during the 4th quarter. American International Group Inc. now owns 215,711 shares of the real estate investment trust’s stock valued at $11,407,000 after buying an additional 14,251 shares in the last quarter. Stephens Inc. AR lifted its position in shares of CyrusOne by 7.3% during the 4th quarter. Stephens Inc. AR now owns 16,459 shares of the real estate investment trust’s stock valued at $870,000 after buying an additional 1,122 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of CyrusOne by 7.3% during the 4th quarter. Macquarie Group Ltd. now owns 41,100 shares of the real estate investment trust’s stock valued at $2,173,000 after buying an additional 2,800 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of CyrusOne by 5.8% during the 3rd quarter. AQR Capital Management LLC now owns 43,454 shares of the real estate investment trust’s stock valued at $2,755,000 after buying an additional 2,363 shares in the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.
CONE has been the topic of a number of research reports. BMO Capital Markets set a $66.00 price objective on CyrusOne and gave the stock a “buy” rating in a research note on Friday, May 3rd. Berenberg Bank raised CyrusOne from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $55.00 to $69.00 in a research note on Tuesday, May 7th. Zacks Investment Research raised CyrusOne from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Wednesday, May 8th. Royal Bank of Canada lifted their price objective on CyrusOne to $68.00 and gave the stock a “positive” rating in a research note on Wednesday, May 8th. Finally, Bank of America raised CyrusOne from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Friday, April 12th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $64.50.
CyrusOne (NASDAQ:CONE) last released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The firm had revenue of $225.00 million for the quarter, compared to the consensus estimate of $231.36 million. CyrusOne had a return on equity of 2.15% and a net margin of 5.54%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. As a group, analysts anticipate that CyrusOne Inc will post 3.36 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Thursday, June 27th. CyrusOne’s dividend payout ratio is currently 55.59%.
In related news, Director Michael Klayko bought 1,955 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were purchased at an average price of $51.10 per share, with a total value of $99,900.50. Following the transaction, the director now owns 12,016 shares in the company, valued at approximately $614,017.60. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kevin L. Timmons sold 19,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $51.14, for a total value of $1,002,344.00. Following the transaction, the executive vice president now directly owns 152,965 shares in the company, valued at approximately $7,822,630.10. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.
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.
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