Truvestments Capital LLC Boosts Stock Holdings in CyrusOne Inc (NASDAQ:CONE)

Truvestments Capital LLC boosted its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 37.4% during the third quarter, HoldingsChannel.com reports. The firm owned 11,604 shares of the real estate investment trust’s stock after acquiring an additional 3,159 shares during the period. Truvestments Capital LLC’s holdings in CyrusOne were worth $918,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in CyrusOne by 3.1% during the second quarter. Vanguard Group Inc. now owns 16,216,705 shares of the real estate investment trust’s stock worth $936,029,000 after purchasing an additional 482,530 shares during the period. Cohen & Steers Inc. raised its stake in CyrusOne by 20.6% during the second quarter. Cohen & Steers Inc. now owns 14,063,823 shares of the real estate investment trust’s stock worth $811,764,000 after purchasing an additional 2,398,840 shares during the period. Nuveen Asset Management LLC raised its stake in CyrusOne by 617.5% during the second quarter. Nuveen Asset Management LLC now owns 5,051,779 shares of the real estate investment trust’s stock worth $291,589,000 after purchasing an additional 4,347,725 shares during the period. Bank of America Corp DE raised its stake in CyrusOne by 3.1% during the second quarter. Bank of America Corp DE now owns 3,297,037 shares of the real estate investment trust’s stock worth $190,305,000 after purchasing an additional 99,515 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in CyrusOne by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 1,686,328 shares of the real estate investment trust’s stock worth $97,335,000 after purchasing an additional 79,530 shares during the period.

A number of equities analysts have weighed in on the stock. UBS Group downgraded shares of CyrusOne from a “buy” rating to a “neutral” rating and cut their price target for the stock from $64.00 to $62.00 in a research note on Thursday, June 13th. BidaskClub raised shares of CyrusOne from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 24th. TheStreet downgraded shares of CyrusOne from a “b-” rating to a “c” rating in a research note on Wednesday, July 31st. Morgan Stanley raised their target price on shares of CyrusOne from $68.00 to $78.50 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $66.00 target price on shares of CyrusOne in a research note on Monday, August 5th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. CyrusOne currently has an average rating of “Buy” and an average target price of $69.13.

Shares of CONE stock traded down $0.93 during mid-day trading on Thursday, reaching $76.36. The company’s stock had a trading volume of 1,040,753 shares, compared to its average volume of 1,011,407. The company’s 50 day simple moving average is $74.59 and its 200-day simple moving average is $62.98. CyrusOne Inc has a 12-month low of $48.94 and a 12-month high of $79.73. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $8.75 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 1.44 and a beta of 0.53.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.09. The business had revenue of $251.50 million during the quarter, compared to analyst estimates of $238.01 million. CyrusOne had a negative net margin of 7.44% and a negative return on equity of 2.45%. The business’s revenue was up 27.7% on a year-over-year basis. During the same period last year, the business earned $0.81 EPS. As a group, research analysts anticipate that CyrusOne Inc will post 3.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.62%. This is a positive change from CyrusOne’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, September 26th. CyrusOne’s dividend payout ratio (DPR) is presently 60.42%.

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 212 Fortune 1000 companies.

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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