Vaughan Nelson Investment Management L.P. decreased its stake in shares of CyrusOne Inc. (NASDAQ:CONE) by 22.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 304,851 shares of the real estate investment trust’s stock after selling 89,249 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.25% of CyrusOne worth $21,349,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the company. NEXT Financial Group Inc purchased a new position in shares of CyrusOne in the third quarter worth about $28,000. Hall Laurie J Trustee purchased a new stake in shares of CyrusOne in the 3rd quarter worth approximately $29,000. CWM LLC boosted its position in CyrusOne by 108.1% during the 3rd quarter. CWM LLC now owns 645 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 335 shares in the last quarter. FinTrust Capital Advisors LLC raised its holdings in CyrusOne by 108.5% in the second quarter. FinTrust Capital Advisors LLC now owns 1,101 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 573 shares in the last quarter. Finally, Hanseatic Management Services Inc. acquired a new stake in CyrusOne in the second quarter valued at approximately $88,000. Institutional investors own 98.34% of the company’s stock.
A number of research analysts have recently weighed in on CONE shares. Zacks Investment Research lowered CyrusOne from a “hold” rating to a “sell” rating in a report on Wednesday, November 11th. TheStreet cut CyrusOne from a “b-” rating to a “c+” rating in a report on Wednesday, September 9th. Credit Suisse Group reduced their target price on CyrusOne from $92.00 to $87.00 and set a “neutral” rating for the company in a report on Tuesday, November 3rd. ValuEngine downgraded CyrusOne from a “hold” rating to a “sell” rating in a research report on Tuesday, November 10th. Finally, Citigroup boosted their price target on CyrusOne from $74.00 to $87.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. CyrusOne currently has an average rating of “Hold” and a consensus target price of $82.13.
In related news, EVP Kevin L. Timmons sold 5,000 shares of CyrusOne stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $83.20, for a total transaction of $416,000.00. Following the completion of the transaction, the executive vice president now owns 48,880 shares of the company’s stock, valued at $4,066,816. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.55% of the company’s stock.
NASDAQ CONE opened at $71.96 on Tuesday. CyrusOne Inc. has a twelve month low of $43.72 and a twelve month high of $86.77. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.24. The company’s 50-day simple moving average is $74.63 and its 200 day simple moving average is $75.86. The stock has a market cap of $8.67 billion, a P/E ratio of -276.74, a PEG ratio of 0.84 and a beta of 0.52.
CyrusOne (NASDAQ:CONE) last posted its quarterly earnings results on Wednesday, October 28th. The real estate investment trust reported ($0.32) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($1.23). CyrusOne had a positive return on equity of 1.23% and a negative net margin of 2.91%. Research analysts anticipate that CyrusOne Inc. will post 3.87 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 8th. Stockholders of record on Monday, January 4th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, January 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.84%. CyrusOne’s dividend payout ratio (DPR) is currently 56.20%.
CyrusOne Company Profile
CyrusOne (NASDAQ: CONE) is a 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 approximately 200 Fortune 1000 companies.
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