Loeb Partners Corp Boosts Stake in CyrusOne Inc (NASDAQ:CONE)

Cornelia Mascio
Agosto 12, 2017

The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.

A number of other institutional investors have also recently modified their holdings of the stock. Credit Suisse Group initiated coverage on CyrusOne in a research note on Friday, June 30th. The stock presently has a consensus rating of "Buy" and an average target price of $59.85. Zacks Investment Research upgraded shares of CyrusOne from a "hold" rating to a "buy" rating and set a $62.00 target price for the company in a research note on Tuesday, July 11th. TheStreet downgraded CyrusOne from a "b-" rating to a "c" rating in a research note on Wednesday, May 3rd. Finally, Macquarie reiterated an outperform rating and set a $58.00 price target on shares of CyrusOne in a research note on Thursday, April 6th. The company has an average rating of "Buy" and an average target price of $60.23.

CyrusOne (NASDAQ:CONE) traded up 1.85% during trading on Friday, reaching $58.49. The firm's 50-day moving average is $57.37 and its 200-day moving average is $53.20. The stock's market capitalization is $5.11 billion. CyrusOne has a 12 month low of $38.80 and a 12 month high of $60.55.

CyrusOne (NASDAQ:CONE) last issued its earnings results on Wednesday, August 2nd. The dividend payment will be $0.420 per share for the quarter or $1.68 on an annualized basis. CyrusOne had a negative net margin of 4.35% and a positive return on equity of 1.30%. The company had revenue of $166.90 million during the quarter, compared to analysts' expectations of $165.71 million. Next quarter's EPS is forecasted to be $0.10 with next year's EPS anticipated to be $0.47. During the same period past year, the firm posted $0.67 earnings per share. Analysts expect that CyrusOne will post ($0.11) EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was reported by Community Financial News and is the property of of Community Financial News. If you are reading this article on another domain, it was copied illegally and reposted in violation of USA & global trademark and copyright laws. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/08/12/aqr-capital-management-llc-has-2-93-million-stake-in-cyrusone-inc-nasdaqcone-updated-updated.html. Additionally the company recently declared a dividend for shareholders that will be paid on Fri Oct 13, 2017. Stockholders of record on Friday, September 29th will be given a dividend of $0.42 per share. The ex-dividend date will be Wednesday the 28th of June 2017. CyrusOne's dividend payout ratio is now -541.92%.

In related news, CEO Gary J. Wojtaszek sold 38,294 shares of CyrusOne stock in a transaction dated Monday, June 5th. The total value of its holdings increased 10.3%. Following the sale, the chief executive officer now directly owns 511,621 shares in the company, valued at approximately $29,679,134.21. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The stock was sold at an average price of $57.79, for a total transaction of $4,623,200.00. Following the sale, the insider now owns 511,621 shares of the company's stock, valued at $29,566,577.59. The disclosure for this sale can be found here. The company's stock had a trading volume of 636,180 shares.

Several institutional investors have recently added to or reduced their stakes in CONE. Vanguard Group Inc. increased its stake in shares of CyrusOne by 23.0% in the first quarter. Comerica Bank purchased a new stake in shares of CyrusOne during the fourth quarter valued at $203,000. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust's stock valued at $116,000 after buying an additional 388 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of CyrusOne by 21.6% in the second quarter. Fisher Asset Management LLC now owns 31,780 shares of the real estate investment trust's stock worth $1,636,000 after buying an additional 8,046 shares during the last quarter. Soros Fund Management LLC bought a new position in shares of CyrusOne during the first quarter valued at approximately $211,000. State Street Corp now owns 1,944,811 shares of the real estate investment trust's stock worth $100,098,000 after buying an additional 1,007,158 shares in the last quarter.

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