Tealwood Asset Management Inc. reduced its position in CyrusOne Inc (NASDAQ:CONE) by 5.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,498 shares of the real estate investment trust’s stock after selling 4,052 shares during the quarter. CyrusOne makes up about 1.5% of Tealwood Asset Management Inc.’s holdings, making the stock its 12th largest position. Tealwood Asset Management Inc.’s holdings in CyrusOne were worth $3,723,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CONE. BlackRock Inc. grew its position in shares of CyrusOne by 2.2% in the first quarter. BlackRock Inc. now owns 13,697,485 shares of the real estate investment trust’s stock valued at $718,297,000 after purchasing an additional 297,154 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of CyrusOne by 4.5% in the first quarter. Principal Financial Group Inc. now owns 3,467,950 shares of the real estate investment trust’s stock valued at $181,860,000 after purchasing an additional 148,771 shares in the last quarter. Centersquare Investment Management LLC grew its position in shares of CyrusOne by 3.5% in the first quarter. Centersquare Investment Management LLC now owns 3,355,872 shares of the real estate investment trust’s stock valued at $175,982,000 after purchasing an additional 113,070 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of CyrusOne by 9.0% in the first quarter. Daiwa Securities Group Inc. now owns 2,766,080 shares of the real estate investment trust’s stock valued at $145,053,000 after purchasing an additional 227,796 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of CyrusOne by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,443,931 shares of the real estate investment trust’s stock valued at $76,355,000 after purchasing an additional 37,467 shares in the last quarter. 99.90% of the stock is owned by institutional investors and hedge funds.

CONE stock traded up $0.71 during mid-day trading on Thursday, hitting $70.09. 9,592 shares of the stock were exchanged, compared to its average volume of 1,390,233. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.58 and a quick ratio of 1.58. The business has a fifty day moving average price of $61.46 and a 200 day moving average price of $57.73. CyrusOne Inc has a 12 month low of $48.94 and a 12 month high of $75.48. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 1.32 and a beta of 0.65.

CyrusOne (NASDAQ:CONE) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. CyrusOne had a negative return on equity of 2.45% and a negative net margin of 7.44%. The company had revenue of $251.50 million during the quarter, compared to analyst estimates of $238.01 million. During the same quarter in the previous year, the company posted $0.81 EPS. CyrusOne’s revenue for the quarter was up 27.7% on a year-over-year basis. As a group, equities analysts forecast that CyrusOne Inc will post 3.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Thursday, September 26th. This is a positive change from CyrusOne’s previous quarterly dividend of $0.46. CyrusOne’s payout ratio is 55.59%.

CONE has been the subject of several research analyst reports. BidaskClub raised CyrusOne from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. Deutsche Bank raised CyrusOne from a “hold” rating to a “buy” rating and set a $63.39 price target for the company in a research note on Friday, May 17th. Raymond James lifted their price target on CyrusOne from $68.00 to $72.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd. TheStreet lowered CyrusOne from a “b-” rating to a “c” rating in a research note on Wednesday, July 31st. Finally, ValuEngine lowered CyrusOne from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. CyrusOne has an average rating of “Buy” and a consensus target price of $66.34.

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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