Cbre Clarion Securities LLC Sells 141,243 Shares of CyrusOne Inc. (NASDAQ:CONE)

Cbre Clarion Securities LLC trimmed its stake in CyrusOne Inc. (NASDAQ:CONE) by 21.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 526,451 shares of the real estate investment trust’s stock after selling 141,243 shares during the period. Cbre Clarion Securities LLC owned 0.43% of CyrusOne worth $35,651,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CONE. tru Independence LLC acquired a new stake in CyrusOne in the 4th quarter valued at approximately $26,000. Wealthcare Advisory Partners LLC acquired a new stake in CyrusOne in the 1st quarter valued at approximately $28,000. Associated Banc Corp grew its holdings in CyrusOne by 1,045.7% in the 4th quarter. Associated Banc Corp now owns 401 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 366 shares during the last quarter. NuWave Investment Management LLC acquired a new stake in CyrusOne in the 1st quarter valued at approximately $32,000. Finally, Regent Peak Wealth Advisors LLC acquired a new stake in CyrusOne in the 4th quarter valued at approximately $34,000.

Shares of CyrusOne stock traded down $2.46 during midday trading on Friday, hitting $79.69. 35,750 shares of the company were exchanged, compared to its average volume of 794,176. The company has a debt-to-equity ratio of 1.29, a quick ratio of 2.06 and a current ratio of 2.06. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 215.32, a P/E/G ratio of 0.90 and a beta of 0.41. CyrusOne Inc. has a 52 week low of $61.64 and a 52 week high of $86.77. The firm has a 50 day simple moving average of $72.83.

CyrusOne (NASDAQ:CONE) last posted its earnings results on Tuesday, April 27th. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.83). The company had revenue of $298.60 million for the quarter, compared to the consensus estimate of $271.57 million. CyrusOne had a return on equity of 1.75% and a net margin of 4.13%. CyrusOne’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.97 EPS. As a group, sell-side analysts anticipate that CyrusOne Inc. will post 3.96 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 9th. Shareholders of record on Friday, June 25th will be given a $0.51 dividend. The ex-dividend date is Thursday, June 24th. This represents a $2.04 annualized dividend and a yield of 2.56%. CyrusOne’s payout ratio is 52.31%.

In other CyrusOne news, Director David H. Ferdman sold 10,000 shares of CyrusOne stock in a transaction on Friday, May 21st. The stock was sold at an average price of $73.15, for a total value of $731,500.00. Following the completion of the transaction, the director now owns 81,666 shares in the company, valued at approximately $5,973,867.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

A number of analysts have issued reports on CONE shares. Raymond James reaffirmed an “underperform” rating on shares of CyrusOne in a report on Thursday, May 6th. Evercore ISI initiated coverage on CyrusOne in a report on Thursday, March 11th. They set an “in-line” rating and a $70.00 price objective on the stock. TheStreet lowered CyrusOne from a “b-” rating to a “c” rating in a report on Tuesday, June 1st. Wolfe Research initiated coverage on CyrusOne in a report on Friday, March 19th. They set a “market perform” rating on the stock. Finally, Barclays lifted their price objective on CyrusOne from $82.00 to $84.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $83.45.

CyrusOne Profile

CyrusOne (NASDAQ: CONE) is a premier global REIT specializing in design, construction and operation of more than 50 high-performance data centers worldwide. The Company provides mission-critical facilities that ensure the continued operation of IT infrastructure for approximately 1,000 customers, including approximately 200 Fortune 1000 companies.

Read More: Percentage Gainers

Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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