Alliancebernstein L.P. cut its position in shares of CyrusOne (NASDAQ:CONE) by 12.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,718 shares of the real estate investment trust’s stock after selling 10,745 shares during the period. Alliancebernstein L.P. owned 0.08% of CyrusOne worth $4,388,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of CONE. Nationwide Fund Advisors raised its stake in shares of CyrusOne by 25.0% during the 3rd quarter. Nationwide Fund Advisors now owns 173,043 shares of the real estate investment trust’s stock worth $10,197,000 after purchasing an additional 34,592 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of CyrusOne by 14.9% during the 3rd quarter. Prudential Financial Inc. now owns 56,542 shares of the real estate investment trust’s stock worth $3,332,000 after purchasing an additional 7,330 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of CyrusOne by 2.7% in the 3rd quarter. New York State Common Retirement Fund now owns 192,300 shares of the real estate investment trust’s stock valued at $11,332,000 after acquiring an additional 5,100 shares in the last quarter. Commonwealth Equity Services Inc raised its stake in shares of CyrusOne by 44.5% in the 3rd quarter. Commonwealth Equity Services Inc now owns 5,183 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 1,597 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of CyrusOne by 119.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,494 shares of the real estate investment trust’s stock valued at $324,000 after acquiring an additional 2,986 shares in the last quarter. 99.50% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on the company. BidaskClub raised CyrusOne from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Zacks Investment Research downgraded CyrusOne from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Credit Suisse Group set a $73.00 price objective on CyrusOne and gave the company a “buy” rating in a research note on Wednesday, January 17th. Barclays reissued a “buy” rating and issued a $69.00 price objective on shares of CyrusOne in a research note on Friday, January 19th. Finally, Jefferies Group reissued a “buy” rating and issued a $67.00 price objective on shares of CyrusOne in a research note on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $66.62.
CyrusOne (NASDAQ:CONE) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.78). The business had revenue of $180.50 million during the quarter, compared to analyst estimates of $182.48 million. CyrusOne had a negative net margin of 12.43% and a negative return on equity of 2.79%. research analysts expect that CyrusOne will post 3.25 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.84 dividend on an annualized basis and a yield of 3.59%. This is a positive change from CyrusOne’s previous quarterly dividend of $0.42. CyrusOne’s dividend payout ratio (DPR) is 58.97%.
In other CyrusOne news, insider Kevin L. Timmons sold 11,465 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $49.39, for a total value of $566,256.35. Following the sale, the insider now owns 177,843 shares of the company’s stock, valued at approximately $8,783,665.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.64% of the company’s stock.
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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 nearly 1,000 customers, including 197 Fortune 1000 companies.
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