Ladenburg Thalmann Financial Services Inc. increased its position in CyrusOne Inc (NASDAQ:CONE) by 35.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,885 shares of the real estate investment trust’s stock after purchasing an additional 2,083 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in CyrusOne were worth $465,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Perigon Wealth Management LLC lifted its holdings in shares of CyrusOne by 44.8% during the second quarter. Perigon Wealth Management LLC now owns 4,525 shares of the real estate investment trust’s stock valued at $254,000 after acquiring an additional 1,400 shares during the period. Eagle Asset Management Inc. lifted its holdings in shares of CyrusOne by 4.3% during the second quarter. Eagle Asset Management Inc. now owns 304,458 shares of the real estate investment trust’s stock valued at $16,973,000 after acquiring an additional 12,507 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of CyrusOne by 81.2% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 5,012 shares of the real estate investment trust’s stock valued at $295,000 after acquiring an additional 2,246 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of CyrusOne by 14.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 325,495 shares of the real estate investment trust’s stock valued at $18,147,000 after acquiring an additional 40,044 shares during the period. Finally, Utah Retirement Systems lifted its holdings in shares of CyrusOne by 16.9% during the second quarter. Utah Retirement Systems now owns 16,246 shares of the real estate investment trust’s stock valued at $905,000 after acquiring an additional 2,346 shares during the period. 96.67% of the stock is owned by hedge funds and other institutional investors.

CyrusOne Inc (CONE) opened at $59.04 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.56. CyrusOne Inc has a twelve month low of $43.90 and a twelve month high of $65.73. The stock has a market capitalization of $5,323.31, a PE ratio of -60.87, a P/E/G ratio of 1.04 and a beta of 0.79.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($1.37). CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.23%. The business had revenue of $175.30 million during the quarter, compared to the consensus estimate of $177.62 million. During the same period in the prior year, the firm earned $0.67 earnings per share. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. research analysts predict that CyrusOne Inc will post 3.09 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.85%. CyrusOne’s dividend payout ratio is -173.19%.

A number of brokerages have issued reports on CONE. William Blair began coverage on CyrusOne in a report on Friday, September 22nd. They set an “outperform” rating for the company. KeyCorp reissued a “hold” rating on shares of CyrusOne in a report on Tuesday, September 12th. Stifel Nicolaus reissued a “buy” rating and set a $66.00 price objective on shares of CyrusOne in a report on Thursday, September 14th. Cowen reissued a “buy” rating and set a $78.00 price objective on shares of CyrusOne in a report on Wednesday, November 1st. Finally, Jefferies Group reissued a “buy” rating and set a $69.00 price objective on shares of CyrusOne in a report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. CyrusOne presently has a consensus rating of “Buy” and a consensus target price of $64.15.

In related news, insider Venkatesh S. Durvasula sold 13,500 shares of CyrusOne stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $60.20, for a total value of $812,700.00. Following the completion of the transaction, the insider now directly owns 214,063 shares of the company’s stock, valued at $12,886,592.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.64% of the company’s stock.

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About CyrusOne

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.

Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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