RMR Advisors LLC Buys 10,000 Shares of CyrusOne Inc (CONE)

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RMR Advisors LLC grew its stake in shares of CyrusOne Inc (NASDAQ:CONE) by 17.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 68,000 shares of the real estate investment trust’s stock after purchasing an additional 10,000 shares during the period. CyrusOne comprises approximately 1.3% of RMR Advisors LLC’s portfolio, making the stock its 25th biggest position. RMR Advisors LLC owned about 0.06% of CyrusOne worth $3,566,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Aptus Capital Advisors LLC purchased a new position in shares of CyrusOne in the 4th quarter worth approximately $264,000. American International Group Inc. lifted its stake in CyrusOne by 7.1% in the fourth quarter. American International Group Inc. now owns 215,711 shares of the real estate investment trust’s stock valued at $11,407,000 after purchasing an additional 14,251 shares during the last quarter. Pensionfund DSM Netherlands lifted its stake in CyrusOne by 94.3% in the fourth quarter. Pensionfund DSM Netherlands now owns 44,300 shares of the real estate investment trust’s stock valued at $2,343,000 after purchasing an additional 21,500 shares during the last quarter. Stephens Inc. AR lifted its stake in CyrusOne by 7.3% in the fourth quarter. Stephens Inc. AR now owns 16,459 shares of the real estate investment trust’s stock valued at $870,000 after purchasing an additional 1,122 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in CyrusOne by 5.8% in the third quarter. AQR Capital Management LLC now owns 43,454 shares of the real estate investment trust’s stock valued at $2,755,000 after purchasing an additional 2,363 shares during the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently commented on CONE. 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 research note on Friday, April 12th. BMO Capital Markets reiterated a “buy” rating and issued a $68.00 price objective on shares of CyrusOne in a research note on Wednesday, February 20th. BidaskClub upgraded CyrusOne from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 18th. Zacks Investment Research downgraded CyrusOne from a “hold” rating to a “strong sell” rating in a research note on Monday, February 11th. Finally, Credit Suisse Group downgraded CyrusOne from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $68.00 to $52.00 in a research note on Monday, February 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $62.55.

In related news, Director Michael Klayko bought 1,955 shares of the company’s stock in a transaction on Monday, March 11th. The shares were purchased at an average price of $51.10 per share, for a total transaction of $99,900.50. Following the completion of the transaction, the director now directly owns 12,016 shares in the company, valued at approximately $614,017.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gary J. Wojtaszek bought 4,000 shares of the company’s stock in a transaction on Wednesday, February 27th. The shares were bought at an average price of $49.86 per share, for a total transaction of $199,440.00. Following the transaction, the chief executive officer now owns 396,534 shares of the company’s stock, valued at $19,771,185.24. The disclosure for this purchase can be found here. Corporate insiders own 1.40% of the company’s stock.

Shares of NASDAQ:CONE traded up $0.05 during trading on Wednesday, hitting $56.57. 6,583 shares of the company were exchanged, compared to its average volume of 1,028,497. The company has a market cap of $6.23 billion, a P/E ratio of 17.13, a P/E/G ratio of 1.25 and a beta of 0.87. CyrusOne Inc has a 52-week low of $48.94 and a 52-week high of $69.01. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.54 and a quick ratio of 0.54.

CyrusOne (NASDAQ:CONE) last posted its earnings results on Wednesday, February 20th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. The firm had revenue of $221.30 million for the quarter, compared to the consensus estimate of $223.80 million. CyrusOne had a return on equity of 0.06% and a net margin of 0.15%. The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 earnings per share. On average, analysts expect that CyrusOne Inc will post 3.17 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.84 annualized dividend and a dividend yield of 3.25%. CyrusOne’s dividend payout ratio is currently 55.59%.

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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 208 Fortune 1000 companies.

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Institutional Ownership by Quarter for CyrusOne (NASDAQ:CONE)

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