BlackRock Inc. lowered its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 4.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,136,665 shares of the real estate investment trust’s stock after selling 560,820 shares during the period. BlackRock Inc. owned about 0.12% of CyrusOne worth $758,249,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CONE. South Texas Money Management Ltd. boosted its holdings in CyrusOne by 18.1% during the second quarter. South Texas Money Management Ltd. now owns 535,084 shares of the real estate investment trust’s stock worth $30,885,000 after buying an additional 81,923 shares in the last quarter. Winfield Associates Inc. boosted its holdings in CyrusOne by 3.2% during the second quarter. Winfield Associates Inc. now owns 32,518 shares of the real estate investment trust’s stock worth $1,877,000 after buying an additional 1,020 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in CyrusOne by 1.9% during the second quarter. Retirement Systems of Alabama now owns 339,686 shares of the real estate investment trust’s stock worth $19,607,000 after buying an additional 6,261 shares in the last quarter. Grassi Investment Management boosted its holdings in CyrusOne by 1.1% during the second quarter. Grassi Investment Management now owns 126,515 shares of the real estate investment trust’s stock worth $7,302,000 after buying an additional 1,420 shares in the last quarter. Finally, Ingalls & Snyder LLC boosted its holdings in CyrusOne by 3.6% during the second quarter. Ingalls & Snyder LLC now owns 52,683 shares of the real estate investment trust’s stock worth $3,041,000 after buying an additional 1,810 shares in the last quarter. 99.55% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:CONE opened at $65.60 on Friday. The firm has a 50 day simple moving average of $75.26 and a 200-day simple moving average of $65.83. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $7.82 billion, a PE ratio of 19.82, a P/E/G ratio of 1.28 and a beta of 0.49. CyrusOne Inc has a 1-year low of $48.94 and a 1-year high of $79.73.

CyrusOne (NASDAQ:CONE) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.75). The firm had revenue of $250.90 million during the quarter, compared to analyst estimates of $247.81 million. CyrusOne had a negative net margin of 1.30% and a negative return on equity of 0.08%. The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 EPS. As a group, sell-side analysts expect that CyrusOne Inc will post 3.57 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, January 2nd will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Tuesday, December 31st. CyrusOne’s dividend payout ratio is presently 60.42%.

A number of analysts recently commented on CONE shares. Bank of America set a $80.00 price objective on shares of CyrusOne and gave the stock a “buy” rating in a report on Friday, August 16th. BMO Capital Markets restated a “buy” rating and set a $66.00 target price on shares of CyrusOne in a research report on Monday, August 5th. TheStreet cut shares of CyrusOne from a “b-” rating to a “c” rating in a research report on Wednesday, July 31st. Credit Suisse Group set a $68.00 target price on shares of CyrusOne and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Morgan Stanley lifted their target price on shares of CyrusOne from $68.00 to $78.50 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $72.81.

In other news, EVP Kevin L. Timmons sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $70.53, for a total value of $1,692,720.00. Following the completion of the transaction, the executive vice president now owns 101,583 shares of the company’s stock, valued at $7,164,648.99. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Mark Skomal sold 1,083 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $68.47, for a total transaction of $74,153.01. Following the completion of the transaction, the chief accounting officer now directly owns 5,515 shares of the company’s stock, valued at approximately $377,612.05. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

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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