Sumitomo Mitsui Trust Holdings Inc. increased its stake in CyrusOne Inc (NASDAQ:CONE) by 7.5% during the second quarter, Holdings Channel reports. The fund owned 100,684 shares of the real estate investment trust’s stock after buying an additional 7,033 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in CyrusOne were worth $5,876,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CONE. Suntrust Banks Inc. purchased a new position in shares of CyrusOne during the first quarter valued at $234,000. LPL Financial LLC purchased a new position in shares of CyrusOne during the fourth quarter valued at $284,000. Buckley Wealth Management LLC purchased a new position in shares of CyrusOne during the second quarter valued at $310,000. Ninepoint Partners LP purchased a new position in shares of CyrusOne during the first quarter valued at $307,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of CyrusOne during the first quarter valued at $496,000. Institutional investors and hedge funds own 97.72% of the company’s stock.

In other CyrusOne news, insider Venkatesh S. Durvasula sold 5,000 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $64.96, for a total value of $324,800.00. Following the completion of the sale, the insider now owns 227,712 shares of the company’s stock, valued at $14,792,171.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert M. Jackson sold 1,795 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $65.27, for a total value of $117,159.65. Following the completion of the sale, the executive vice president now directly owns 25,497 shares of the company’s stock, valued at approximately $1,664,189.19. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,309 shares of company stock valued at $532,800. Insiders own 1.40% of the company’s stock.

A number of research analysts have recently weighed in on CONE shares. Credit Suisse Group set a $73.00 price target on CyrusOne and gave the company a “buy” rating in a report on Friday, April 27th. BidaskClub downgraded CyrusOne from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. BMO Capital Markets started coverage on CyrusOne in a report on Tuesday, July 17th. They set an “outperform” rating and a $73.00 price target on the stock. Zacks Investment Research upgraded CyrusOne from a “sell” rating to a “hold” rating in a report on Monday, May 7th. Finally, Bank of America lifted their price target on CyrusOne from $60.00 to $65.00 and gave the company a “buy” rating in a report on Friday, July 13th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. CyrusOne currently has a consensus rating of “Buy” and an average price target of $69.47.

CONE opened at $66.07 on Friday. The firm has a market cap of $6.43 billion, a P/E ratio of 21.18, a PEG ratio of 1.20 and a beta of 0.85. CyrusOne Inc has a 1 year low of $43.49 and a 1 year high of $66.48. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.20.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.78. The firm had revenue of $196.90 million during the quarter, compared to analysts’ expectations of $199.33 million. CyrusOne had a return on equity of 5.65% and a net margin of 12.96%. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 earnings per share. analysts predict that CyrusOne Inc will post 3.3 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Friday, September 28th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, September 27th. This represents a $1.84 dividend on an annualized basis and a yield of 2.78%. CyrusOne’s payout ratio is 58.97%.

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 approximately 1,000 customers, including 200 Fortune 1000 companies.

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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