CyrusOne Inc (NASDAQ:CONE) Stake Cut by AQR Capital Management LLC

The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.

Several other brokerages have also recently issued reports on CONE. Stifel Nicolaus boosted their target price on shares of CyrusOne from $56.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, May 15th.

CyrusOne Inc (NASDAQ:CONE)'s stock had its "buy" rating reiterated by Deutsche Bank AG in a report issued on Friday. Royal Bank Of Canada reaffirmed a "buy" rating on shares of CyrusOne in a research note on Friday, July 28th. TheStreet downgraded CyrusOne from a "b-" rating to a "c" rating in a research note on Wednesday, May 3rd. Zacks Investment Research lowered shares of CyrusOne from a "buy" rating to a "hold" rating in a report on Tuesday. Cowen and Company reaffirmed a "buy" rating and issued a $72.00 price objective on shares of CyrusOne in a research note on Friday, July 28th. Finally, BidaskClub lowered CyrusOne from a "strong-buy" rating to a "buy" rating in a research note on Thursday, June 29th.

Shares of CyrusOne (CONE) traded up 1.001% during trading on Friday, reaching $58.005. 766,332 shares of the company were exchanged.

It is now trading at $57.43 marginally over $57.40, the stock's 50 day moving average and which is impressively higher than the 200 day moving average of $53.63. The stock's market capitalization is $5.11 billion. CyrusOne Inc has a 52-week low of $38.80 and a 52-week high of $60.55.

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CyrusOne (NASDAQ:CONE) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.03. CyrusOne had a positive return on equity of 1.30% and a negative net margin of 4.35%. The firm had revenue of $166.90 million for the quarter, compared to analyst estimates of $165.71 million. The firm's quarterly revenue was up 28.3% compared to the same quarter a year ago. On average, equities analysts forecast that CyrusOne Inc will post ($0.11) EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another website, it was illegally copied and reposted in violation of U.S. & worldwide trademark and copyright laws. The correct version of this news story can be viewed at Investors of record on Friday, September 29th will be given a dividend of $0.42 per share. The ex-dividend date will be on Wednesday the 28th of June 2017. This represents a $1.68 annualized dividend and a dividend yield of 2.93%. CyrusOne's dividend payout ratio (DPR) is -541.92%. Also, insider Gary J. Wojtaszek sold 80,000 shares of CyrusOne stock in a transaction that occurred on Tuesday, June 6th. The total value of its holdings increased 48.3%. Following the completion of the sale, the insider now directly owns 170,137 shares in the company, valued at approximately $9,849,230.93. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

In other news, insider Kevin L. Timmons sold 8,600 shares of the business's stock in a transaction on Monday, June 5th. The shares were sold at an average price of $57.79, for a total value of $4,623,200.00. Hedge funds and other institutional investors own 99.34% of the company's stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 126,894 shares of company stock valued at $7,342,489.

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of CyrusOne by 23.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,280 shares of the real estate investment trust's stock worth $116,000 after buying an additional 388 shares in the last quarter. Accern also assigned media headlines about the real estate investment trust an impact score of 45.4438074726527 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term. Proshare Advisors LLC now owns 26,129 shares worth $1,457,000.

Westfield Capital Management Co Lp says it increased its ownership in CyrusOne Inc stock by 51,871 shares in the last quarter.

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