American Assets Capital Advisers Has $13.25 Million Position in CyrusOne Inc (CONE)
American Assets Capital Advisers increased its holdings in CyrusOne Inc (NASDAQ:CONE) by 16.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 224,780 shares of the real estate investment trust’s stock after purchasing an additional 31,245 shares during the quarter. CyrusOne accounts for 5.2% of American Assets Capital Advisers’ investment portfolio, making the stock its 3rd biggest position. American Assets Capital Advisers owned 0.26% of CyrusOne worth $13,246,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Benjamin F. Edwards & Company Inc. increased its position in shares of CyrusOne by 3,032.8% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 1,850 shares during the period. PNC Financial Services Group Inc. increased its position in shares of CyrusOne by 20.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 388 shares during the period. Almanack Investment Partners LLC. purchased a new position in shares of CyrusOne in the second quarter valued at about $124,000. Public Employees Retirement Association of Colorado increased its position in shares of CyrusOne by 21.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 484 shares during the period. Finally, Janney Capital Management LLC purchased a new position in shares of CyrusOne in the second quarter valued at about $210,000. Institutional investors own 97.17% of the company’s stock.
In other CyrusOne news, EVP Robert M. Jackson sold 1,890 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $59.00, for a total transaction of $111,510.00. Following the transaction, the executive vice president now directly owns 24,296 shares in the company, valued at approximately $1,433,464. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.64% of the stock is owned by corporate insiders.
A number of equities analysts have issued reports on the stock. BidaskClub cut shares of CyrusOne from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and issued a $66.00 price objective (up previously from $65.00) on shares of CyrusOne in a research report on Wednesday, August 9th. Jefferies Group LLC restated a “buy” rating and issued a $69.00 price objective on shares of CyrusOne in a research report on Monday, August 14th. Zacks Investment Research cut shares of CyrusOne from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $64.00 price objective (up previously from $62.00) on shares of CyrusOne in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. CyrusOne presently has a consensus rating of “Buy” and a consensus price target of $60.77.
Shares of CyrusOne Inc (NASDAQ CONE) traded down 1.13% during midday trading on Tuesday, hitting $61.05. 1,003,474 shares of the stock were exchanged. CyrusOne Inc has a 12 month low of $38.80 and a 12 month high of $65.73.
CyrusOne (NASDAQ:CONE) last issued its earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($1.37). CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The business had revenue of $175.30 million for the quarter, compared to the consensus estimate of $177.62 million. During the same quarter in the previous year, the company earned $0.67 earnings per share. The firm’s revenue was up 21.9% on a year-over-year basis. Analysts predict that CyrusOne Inc will post ($0.24) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Thursday, September 28th. CyrusOne’s payout ratio is -541.92%.
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CyrusOne Company Profile
CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.
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