CyrusOne Inc (NASDAQ:CONE) Shares Sold by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC cut its position in shares of CyrusOne Inc (NASDAQ:CONE) by 3.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,260 shares of the real estate investment trust’s stock after selling 746 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in CyrusOne were worth $1,010,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc raised its position in CyrusOne by 8.8% during the third quarter. Vanguard Group Inc now owns 15,035,960 shares of the real estate investment trust’s stock valued at $953,281,000 after purchasing an additional 1,213,820 shares during the period. BlackRock Inc. raised its holdings 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 worth $718,297,000 after buying an additional 297,154 shares during the period. Cohen & Steers Inc. raised its holdings in shares of CyrusOne by 0.4% in the fourth quarter. Cohen & Steers Inc. now owns 11,220,528 shares of the real estate investment trust’s stock worth $593,342,000 after buying an additional 43,986 shares during the period. Centersquare Investment Management LLC raised its holdings 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 worth $175,982,000 after buying an additional 113,070 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of CyrusOne by 49.2% in the fourth quarter. Principal Financial Group Inc. now owns 3,319,179 shares of the real estate investment trust’s stock worth $175,518,000 after buying an additional 1,094,406 shares during the period. 98.04% of the stock is owned by institutional investors.

Shares of CyrusOne stock traded up $0.63 during trading on Friday, reaching $57.72. The company’s stock had a trading volume of 555,183 shares, compared to its average volume of 1,056,662. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market capitalization of $6.50 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 1.12 and a beta of 0.74. CyrusOne Inc has a 1-year low of $48.94 and a 1-year high of $69.01. The company has a 50-day moving average price of $60.47.

CyrusOne (NASDAQ:CONE) last posted its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. CyrusOne had a return on equity of 2.15% and a net margin of 5.54%. The firm had revenue of $225.00 million during the quarter, compared to analysts’ expectations of $231.36 million. During the same quarter last year, the firm earned $0.85 EPS. The business’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, equities analysts predict that CyrusOne Inc will post 3.36 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.84 dividend on an annualized basis and a yield of 3.19%. CyrusOne’s dividend payout ratio is currently 55.59%.

Several equities research analysts have recently weighed in on the company. BidaskClub upgraded CyrusOne from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th. Bank of America upgraded CyrusOne from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Friday, April 12th. BMO Capital Markets set a $66.00 price objective on CyrusOne and gave the stock a “buy” rating in a report on Friday, May 3rd. Deutsche Bank upgraded CyrusOne from a “hold” rating to a “buy” rating and set a $63.39 price objective on the stock in a report on Friday, May 17th. Finally, Royal Bank of Canada raised their price objective on CyrusOne to $68.00 and gave the stock a “positive” rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $63.80.

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 212 Fortune 1000 companies.

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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