LaSalle Street Capital Management LLC lowered its holdings in shares of CyrusOne Inc (NASDAQ:CONE) by 38.5% in the third quarter, HoldingsChannel.com reports. The fund owned 3,428 shares of the real estate investment trust's stock after selling 2,148 shares during the quarter. LaSalle Street Capital Management LLC's holdings in CyrusOne were worth $271,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cullen Frost Bankers Inc. raised its position in shares of CyrusOne by 190.8% in the second quarter. Cullen Frost Bankers Inc. now owns 538 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 353 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of CyrusOne by 4,750.0% in the third quarter. Meeder Asset Management Inc. now owns 582 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 570 shares during the last quarter. Strategic Blueprint LLC acquired a new position in shares of CyrusOne in the third quarter valued at approximately $86,000. Pearl River Capital LLC acquired a new position in shares of CyrusOne in the second quarter valued at approximately $94,000. Finally, CWM LLC raised its position in shares of CyrusOne by 477.4% in the third quarter. CWM LLC now owns 1,790 shares of the real estate investment trust's stock valued at $142,000 after buying an additional 1,480 shares during the last quarter.
CONE traded up $0.69 during trading on Monday, hitting $74.97. 887,900 shares of the company's stock were exchanged, compared to its average volume of 999,812. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.16. CyrusOne Inc has a 1 year low of $48.94 and a 1 year high of $79.73. The stock has a 50 day moving average price of $76.03 and a 200 day moving average price of $64.81. The firm has a market cap of $8.57 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 1.41 and a beta of 0.53.
CyrusOne (NASDAQ:CONE) last released its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.09. CyrusOne had a negative net margin of 7.44% and a negative return on equity of 2.45%. The company had revenue of $251.50 million during the quarter, compared to the consensus estimate of $238.01 million. During the same period in the previous year, the firm earned $0.81 earnings per share. CyrusOne's revenue for the quarter was up 27.7% on a year-over-year basis. Analysts forecast that CyrusOne Inc will post 3.55 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.50 per share. This is an increase from CyrusOne's previous quarterly dividend of $0.46. This represents a $2.00 annualized dividend and a yield of 2.67%. The ex-dividend date was Thursday, September 26th. CyrusOne's payout ratio is currently 60.42%.
A number of research firms have recently weighed in on CONE. Raymond James boosted their price objective on shares of CyrusOne from $68.00 to $72.00 and gave the company a "strong-buy" rating in a research report on Friday, August 2nd. Cowen downgraded shares of CyrusOne from an "outperform" rating to a "market perform" rating in a report on Friday, October 4th. Bank of America set a $80.00 target price on shares of CyrusOne and gave the company a "buy" rating in a report on Friday, August 16th. BMO Capital Markets restated a "buy" rating and issued a $66.00 target price on shares of CyrusOne in a report on Monday, August 5th. Finally, TheStreet downgraded shares of CyrusOne from a "b-" rating to a "c" rating in a report on Wednesday, July 31st. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of "Buy" and a consensus price target of $69.35.
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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